Accra, May 15, GNA- miLife Insurance Limited has appointed Mr Walters Yeboah Adofo as new Chief Executive Officer, following the retirement of Mr Kwaku Yeboah-Asuamah.
“miLife, Ghana’s leading inclusive insurer, today announces the retirement of CEO Kwaku Yeboah-Asuamah after nine years of dedicated service. Under his leadership, miLife has grown annual premiums by over 20x to more than GHS 400 million, in doing so expanding access to affordable, high-quality insurance for millions of Ghanaians”.
A statement copied to the Ghana News Agency in Accra on Thursday said Mr Yeboah-Asuamah joined the company in January 2016 and led a transformation that had seen the company expanding its distribution channels, leaped forward with technology and driven better outcomes for its 1.3 million customers.
“This is evidenced by the strength of the company’s customer-first strategy, where annual new business policies have grown more than 30x to nearly 400,000 last year. These results are also reflected in the company’s bottom line, where miLife has delivered top quartile underwriting and operating profits”.
The statement said the Board of Directors had selected Walters Yeboah Adofo, current Chief Financial Officer, as the incoming Chief Executive Officer, pending regulatory approval.
“Walters brings 18 years of experience in the insurance industry including nine years at miLife, where he has been instrumental in driving sustained growth, financial resilience, and operational excellence. Walters will lead the company in its next stage of growth, with a continued focus on inclusive innovation, customer centricity and social impact.
“As I take a bow, I remain optimistic about the future of miLife. The company is in capable hands, led by a new generation of dynamic, brilliant, and tech-savvy leaders. I have full confidence in Walters and the current management team to build on our momentum. I expect to see even more efficient service delivery and sustained profitability under their leadership.
“Looking back now, choosing Kwaku almost 10 years ago has proven to be one of the most important decisions we have made at the company and we are thankful for Kwaku’s stewardship which has established miLife as a market leader in the life insurance sector,” Steve Kyerematen, Board Chairman at miLife has said.
A board member and stakeholder representative at LeapFrog, Michael Joyce said working alongside Kwaku over the past decade to transform miLife was rewarding experience for them at Leapfrog.
“We are immensely grateful for Kwaku’s visionary leadership during this period, and we are confident that Walters will build on the strong foundations already in place to help miLife rise to even greater heights.
“He leaves behind a company with deep roots and wide reach and ready for the future because of the foundation he built. Kwaku’s legacy goes beyond miLife, he has left a lasting mark on Ghana’s insurance industry, and on the lives of millions who now have the security and peace of mind that only insurance can bring”.
GNA
GRB