Provident Life Assurance Company intends to operate a functional organisation, consequently, it has selected a management team that has a rich work history in life assurance, a solid understanding of the challenges of life assurance as well as the ability to work well with people. A brief background of the proposed management of Provident Life Assurance Company, who are currently serving in various capacities at Provident Insurance Company, is as follows:
|1.Mr. Wilson .Q. Tei
|| Chief Executive Officer (CEO)
|2.Mr. Menemen Oppong-Ampomah
||Chief Operations Manager
| 3.Mr. Emmanuel Asamoah
|| Chief Finance Officer
|4.Mr. Evans Tetteh Matey
||Senior Life Underwriting Officer
|5.Mr. Joseph Anoi Aryee
||Senior Accounts Officer
Chief Executive Officer (CEO)
Mr. Wilson Q. Tei:
He is currently a member of the Board of Directors of Provident Insurance Company. He is the Chief Executive Officer of Provident Life Assurance Company. He is a Professional Insurance Underwriter. He Holds a Post Graduate Certificate in Insurance Management (M.I.T.C., Malta 2005) and Contractual Savings Certificate in supervisory and regulatory issues in private pensions and life assurance (World Bank, Washington D.C. 2003). He holds an Executive Development Certificate from the Graduate School of Business Administration, University of Witwaters Rand, Johannesburg, South Africa. He has certificates in Risk Management from school of Administration, Legon, Basic and Advanced Securities from the Ghana Stock Exchange, and a Certificate in Life Underwriting and Reassurance Administration from Swiss Re 1980.
Mt. Tei has over thirty-four (34) years in Life Assurance practice, twenty-six (26) of this in managerial capacity. He was Head of Group Life Insurance Administration at the SIC between 1977 and 1980. In 1978, he seconded on a Technical Exchange Programme to the Zambia State Insurance Corporation Life and Pensions Division. He established and managed the Commercial and General Insurance Company Life Department in 1980 and in 1984, he was contracted by the Liberian Government on recommendation of Swiss Re to prepare Life Administrative Documentation, Management Control Manual and set up Procedure for the Liberian National Insurance Corporation. Mr. Tei was invited by the Government of Ghana to serve on the Committee that drafted the Long Term Savings Act (LTSA) between 2002 and 2004. In 2006, he was invited again by the same Government to serve on the Technical Committee to review the LTSA, 2004. (He is currently Executive Director managing the Life Department of the Provident Insurance Company limited since 1977). He is a member of the National Insurance Commission Board.
Mr. Menemen Oppong-Ampomah:
He is the Chief Manager of Provident Life Assurance Company. His areas of specialty are quantitative analysis of both Provident Life Assurance portfolio and Life Assurance Industry data, Actuarial Valuation analysis, Life Insurance Product Development strategy and Computer Software Development.
He holds a Master of Science degree in mathematics (optimisation) and a Bachelor of Science (Hons.) degree from the Kwame Nkrumah University of Science and Techonology, Kumasi.
He has accumulated nine (9) years of working experience in the life assurance industry. He has obtained certificates in various life assurance courses such as Life Assurance Management (Hannover Life-Re, Johannesburg, South Africa), Pension Administration (The World Bank Institute,WBI), Advance Life Assurance Program (West African Insurance Institute,WAII), Life Assurance, Pensions and Annuity, (West African Insurance Institute, WAII), Life Assurance, Pensions and health Insurance (West African Insurance Institute, WAII), Life Assurance and Pensions (SIC), Re-Insurance Course (Ghana Re-Insurance Company), Fund / Asset Management ( West Africa Capital Market School), Financial Mathematics (School of Administration, NBFI, University of Ghana,
Data Management and Analysis (Institute of statistical Social and Economic Research (ISSER), University of Ghana), Budgeting and Financial Management
(Ghana Institute of Management and Public Administration), Developing the Life Insurance Market in Ghana (C.B. and Associates Ltd), Insurance Marketing, Life Assurance (Ghana Reinsurance Company Ltd), Actuarial Valuation of Life Funds and Solvency Requirements for Insurance Companies (NIC), Life Insurance Product Development and Actuarial valuation of Life Funds (QED Actuaries and Consulting Pty Ltd, South Africa).
In 2002, he attended the conference organised by the Life Committee of the African Insurance Organisation, in Kenya, and then in 2005, he attended the 32nd African Insurance Organisation conference in Accra. His notable achievements in insurance include, winning the ‘Best Worker Senior Officer Category’ and ‘Long Service’ awards organised by Provident Insurance Company, in 1998 and 2005 respectively.
Chief Finance Officer
Mr. Emmanuel Asamoah
He is the Financial Controller (Accounts/Finance) at Provident Life Assurance Company. He has been working in the banking, accountancy and audit industry since 1995. He holds an MBA degree from the University of Ghana, and has a professional accounting qualification with the Association of Chartered Certified Accountants (ACCA), he holds qualification in Investments Professional Certification organized by the Ghana Stock Exchange.
His areas of specialty include, Strategic Financial Management, Bank Treasury Management, Financial Analysis and Modelling, Setting up Accounting System for new and ongoing business, Resolving tax queries on behalf of companies, Business Process Engineering and Turnaround Strategies and Project feasibility Planning. He spent several years acquiring management expertise with notable firms that include Ghana Commercial Bank, Ayew Agyeman Turkson & Company, etc.
Senior Accounts Officer
Mr. Joseph Anoi Aryee:
He will be the Senior Accounts Officer of Provident Life Assurance Company. He has worked in the insurance industry for five years as the life department accountant. He holds an ACCA part I, and has a Bachelor of Commerce (Hons) from the Trinity College and University, Spain. He has attended various insurance courses, including, Foundational Course in Insurance (NIC) and Actuarial Valuation of Life Funds (NIC). Other professional courses he has attended include, Certificate in Financial Management (Management Development & Productivity Institute (MDPI), Budgeting and Financial Management (Ghana Institute of Management & Public Administration, GIMPA, Assets Allocation & Portfolio Optimization Decision (Ghana Stock Exchange) and International Accounting Standards Training (Delloitte & Touche).
Senior Underwriting Officer
Mr. Evans Tetteh Matey:
He holds the position of Senior Underwriting Officer at Provident Life Assurance Company. He has a four-year working experience in the insurance industry. He holds a Bachelor of Commerce degree from the University of Cape Coast. He has certificates in Pension Administration (GIMPA), and Management Development Skills (MDPI).
Head of Marketing
Mrs. Hannah Adutua-Amakye:
Hannah Adutua-Amakye holds a degree in Bachelor of Science in Administration (Marketing Option) from the University of Ghana, Legon. She is a Chartered Marketer. Hannah holds a Masters in Development Management from GIMPA and the University of Ghana.
She has worked as a journalist with the Ghana Broadcasting Corporation and also as a professional marketer. She has been involved in strategic business development of broadcast services. She has experience in dealing with wide range of clients—individuals, organizations, institutions oaf all kinds as well as advertising agencies.