Ghana’s trailblazer in microinsurance
Ms. Afua Boahemaa Owusu is the Executive Director of Star Microinsurance (Ghana). She is credited with setting up Ghana’s first locally owned Microinsurance Company in 2008 and developing a set of products initially deployed into newly created markets for Microinsurance products.
She was involved in all aspects of setting up the business, including recruiting and training core staff, defining the business strategy and maintaining oversight for its successful implementation.
Star Microinsurance has grown from a staff strength of two(2) at inception to a current number of fifty-five (55).
Star Microinsurance has partnered with institutions like the ARB Apex Bank (consisting of 136 rural and community banks), Ghana Association of Microfinance Companies (consisting of 584 MFI’s), Ghana Co-operative Susu Collectors Association, the Ghana Post Services and the Ministry of Fisheries and Aquaculture in distributing microinsurance to the low income earners in Ghana. Star Microinsurance is a success story of a Microinsurance entity.
Afua has also spoken at various conferences both locally and internationally.
Her first degree was in Mathematics from the University of Cape Coast (Ghana). She also holds an M.Sc. in Actuarial Science from Heriot Watt University, Scotland. She is a Chartered Insurer by profession and an Associate of the Chartered Insurance Institute .Currently; she is pursuing a PhD in Statistics at the University of Ghana, Legon.