SIC Life appoints top managers to strategic positions


The Management of SIC Life has appointed three top managers to strategic positions aimed at exploring the services of competent, innovative and skilled managerial officials to steer the affairs of key operations of the company.

The appointments include: Mr. Daniel Kwasi Saforo as Chief Finance Officer; Mr. Samuel C. Tindanbil as Head-Alternative Distribution; and Mr. Edmund Diamond Addo as Head-Risk and Compliance.

These two positions, Head of Distribution and Head-Risk and Compliance, are new departments created to instil vigour into management of the company so that it stays in business as the leading and most trusted brand in the industry.

Chief Finance Officer

Mr. Daniel Kwasi Saforo was appointed in August 2020 as Chief Finance Officer. His appointment has seen a restructuring of the Finance and Accounts Department that includes introduction of the ‘Investment Desk’. With over 15 years’ experience in the insurance and reinsurance industry and a total of 23-years post-university education cognate experience, spanning various sectors, Daniel has garnered rich expertise in Finance, Accounting, Auditing and Administration.

Prior to his appointment with SIC Life Company Limited, he worked with Ghana Reinsurance Company Limited (Ghana Re) from 2012 to 2020 rising through the ranks to be Assistant General Manager-Finance. A team leader who championed the preparation of Ghana Re’s maiden group consolidated financial statements with all the accompanying country-specific diverse laws and regulations occasioning complex accounting treatments, Daniel is tactful and diplomatic but purposeful in achieving results and unyielding when confronted with challenges.

He started his career in 1997 with an auditing firm that was partly in charge of auditing European Union Micro projects in Ghana. He worked with Air Liquide Ghana Limited as Internal Auditor from 1999 to 2001, and in 2002 joined the insurance industry as Deputy Chief Finance Officer of Network Assurance Company Limited, which later became known as Industrial and General Insurance Company Ghana Limited, and was appointed Head of Audit and Compliance between 2008 and 2009. He also worked with World Vision International-Ghana as Finance Manager between 2009 and 2012.

He is a Fellow of the Association of Chartered Certified Accountants (ACCA), UK, and holds a Master of Business Administration degree and Bachelor of Science degree in Business Administration (Accounting Option) from the University of Ghana, Legon.  Additionally, he has attended several financial-management, insurance and leadership courses in Ghana and abroad: including Thailand, Senegal, Nigeria, India and United Kingdom.

Alternative Distribution

Establishing the Alternative Distribution Department was aimed at accruing new businesses through a variety of innovative means for offering life insurance which complements the company’s already existing retail channels. These non-traditional distribution modes enhance customer experience, and Mr. Samuel C. Tindanbil is to head this Department.

Mr. Samuel C. Tindanbil was appointed on 4th January 2021 as Head-Alternative Distribution. Prior to his appointment with SIC Life, he worked with Petra Securities Ltd. as General Manager; Metropolitan Life Insurance as Head of Corporate and Alternative Distribution, Health and Pensions; Quality Insurance as Sales and Marketing Executive; and Ark Insurance Brokers as Assistant Manager-Operations. Mr. Tindanbil has over 20 years’ working experience and an impressive repository of knowledge in Insurance practice.

He is a full member of the Chartered Institute of Marketing, Ghana (MCIMG) and a Member – Chartered Institute of Marketing, UK (MCIM). He holds an Executive Masters in Business Administration (CEMBA) from Kwame Nkrumah University of Science and Technology and a Bachelor of Science degree in Administration (Accounting) from the University of Ghana, Legon. He also holds a Diploma in Applied Insurance from the Ghana Insurance College/Malta Institute of Insurance, and is currently studying for his Advanced Diploma in Insurance from the Ghana Insurance College. He also holds a certificate from the Ghana Securities Industry.

 Mr. Tindanbil has also attended many courses on leadership and management in Ghana.

Risk and Compliance

The appointment of Mr. Edmund Diamond Addo as Head-Risk and Compliance is a bold step in keeping the company highly compliant with regulatory stakeholders and also managing associated risks in its daily operations.  This department has been set up to support business areas in their duty to comply with relevant laws and regulations of internal procedures.

With varied experience in the field of Life Insurance, Pensions management and legal practice spanning over 20 years, Mr. Edmund Diamond Addo joined SIC Life Company Limited in June 2020.  Prior to joining SIC Life, Mr. Addo worked with Kulendi@Law as an Associate Solicitor and Barrister.

Mr. Diamond Addo started his career with Donewell Insurance as an insurance underwriter and rose to the position of Deputy Life and Pensions Manager, and later joined CDH Life Company Limited as Head of Operations. As a result of the hard work and excellent performance exhibited while working with Donewell Insurance, Mr. Diamond Addo was invited to join Donewell Life Company as General Manager, Operations when insurance companies were by law required to decouple into General Insurance and Life Insurance companies in 2008, and rose to the position of Chief Executive Officer at Donewell Life.

Mr. Diamond Addo later decided to pursue the legal profession and was called to the Ghana Bar in October 2017, and prior to joining SIC Life Company Limited he practiced the legal profession with the very renowned law firm Kulendi@Law as an Associate Lawyer.

Mr. Diamond Addo holds a degree (LLB) from the GIMPA Law School and a professional law Course Certificate (BL) from the Ghana School of Law, and is also a Chartered Insurer (ACII, UK). Mr. Diamond Addo also has a Master of Science (MSc.) degree in Social Protection Financing from the University of Maastricht, The Netherlands, as well as a Bachelor of Science degree (BSc.) in Computer Science and Statistics from the University of Ghana, Legon. In addition, he as well holds a Diploma in Insurance & Risk Management from the West African Insurance Institute (WAII), The Gambia, and had participated in several courses, workshops, seminars and conferences both locally and internationally.

He is a member of the Ghana Bar Association (GBA), the Chartered Insurance Institute (CII, UK), the Chartered Insurance Institute, Ghana (CII, Ghana) and the Actuarial Society of Ghana (ASG).

It is Management’s unflinching confidence that the appointments of the aforementioned officials will be a perfect complement to the highly motivated and efficient workforce at the Company.

On behalf of the Board, Management and entire staff at SIC Life Company Limited, we say ‘Welcome Home’ to our new stars.

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