Summary
Overview
Work History
Education
Skills
Cocurricularactivity
Personal Information
References
Hobbies and Interests
Industrycoursesattended
Awardandprofessionalqualifications
Certification
Accomplishments
Websites
References
Timeline
Generic

DAVID M. AVOR

Accra

Summary

I am a goal-oriented individual with a solid background in Insurance, Reinsurance, Accounting, Investment and Finance. I possess strong leadership qualities, communication and interpersonal skills. Adaptability is also one of my key attributes and I always bring creativity to bear on all projects I get involved in, whether working alone or as part of a team.

Overview

12
12
years of professional experience
1
1
Certification

Work History

Chief Operating Officer

Vanguard Assurance Company Limited
01.2024 - Current
  • Supporting the CEO in the implementation of the company's strategies
  • Responsible for the operations of the company
  • Liaising with all other functional heads to ensure smooth operations that delight customers
  • Leading the company's initiatives in the Agricultural Insurance space
  • Consistently achieving targets and KPIs set by the Board
  • Played a key role in migrating from IFRS 4 to IFRS 17 reporting standards
  • Playing a key role in the implementation of the company's 'Retail Strategy' which ensures a minimum of 20% growth in premium income, year-on-year.

Head, Technical Operations

Vanguard Assurance Company Limited
06.2022 - 12.2023
  • Supported the CEO in the implementation of the company's technical operations strategies
  • Was responsible for the company's technical operations - Underwriting, Claims and Reinsurance
  • Liaised with all other functional heads to ensure smooth operations that delight customers
  • Led the company's Product Development Team and Call Center Team
  • Spearheaded the preparation of the company's technical accounts
  • Consistently achieved targets and KPIs set by the Board
  • Led the review of the company's policy documents to keep them abreast with the changing times
  • Introduced a turnaround tracking system which helped improve operational turnaround by at least 20%
  • Successfully led the team to introduce and get approval for three new products.

Head, Reinsurance

Vanguard Assurance Company Limited
01.2017 - 05.2022
  • Scrutinized and advised on big/complex claims and underwriting issues (including Political Risk)
  • Spear-headed the activities of the Reinsurance Department and reviewed all policies and claims
  • Prepared the company's reinsurance statistics as well as quarterly and annual returns to Reinsurers
  • Arranged and secured all reinsurance programmes of the company
  • Led the underwriting of Oil and Gas risks
  • Consistently achieved the premium income production targets and other set targets
  • Successfully helped the company to properly underwrite large/complex risks and handle big claims
  • Always sent timely and error-free returns to reinsurers
  • Handled three Oil and Gas reinsurance placements successfully.

Ag. Deputy Chief Operations Officer

Vanguard Assurance Company Limited
10.2018 - 03.2019
  • Assisted the C.E.O and C.O.O to implement the overall strategic plan of the company
  • Improved the operations of the company to better turnaround time and also ensure customer satisfaction
  • Directly supervised the Retail Department, Reinsurance Department, 16 Branches and Bancassurance
  • Successfully met all assigned Key Performance Indicators
  • Ensured that the company weathered the storms and got handed over successfully to the new leadership team.

Deputy Manager, Reinsurance

Vanguard Assurance Company Limited
01.2016 - 12.2016
  • Handled the facultative placement of non-motor policies
  • Assisted the Head of Department in the running of the Department
  • Assisted in the preparation of the company's reinsurance statistics as well as quarterly and annual returns to Reinsurers
  • Consistently achieved the premium income production targets and other set targets
  • Successfully helped the company to properly underwrite large/complex risks and handle big claims
  • Always sent timely and error-free returns to reinsurers.

Underwriting, Claims and Marketing Officer

Vanguard Assurance Company Limited
09.2012 - 12.2015
  • Handled Underwriting and Claims needs of e-Business clients and some selected Corporate clients
  • Led the e-Business team in the marketing and selling of the company's products online
  • Served as the Personal Assistant of the C.E.O
  • Successfully grew the e-Business Unit from a monthly premium income of GH¢10,000 to GH¢20,000
  • Consistently achieved the premium income production targets and other set targets
  • Received great reviews from the C.E.O leading to rapid promotions through the structure.

Education

Chartered Accountants Training -

The Institute of Chartered Accountants Ghana

Young Insurance Professionals Programme -

London School of Insurance and Africa Re

M.B.A in Finance -

University of Ghana

BSc. Administration (Insurance Option) -

University of Ghana

Advanced Diploma in Insurance -

Chartered Insurance Institute, U.K

Ghana Industry Security Course -

Ghana Stock Exchange

Chartered Accountants Training -

The Institute of Chartered Accountants Ghana

Young Insurance Professionals Programme -

London School of Insurance and Africa Re

M.B.A in Finance -

University of Ghana

BSc. Administration (Insurance Option) -

University of Ghana

Advanced Diploma in Insurance -

Chartered Insurance Institute, U.K

Ghana Industry Security Course -

Ghana Stock Exchange

Skills

  • Leadership
  • Communication
  • Interpersonal skills
  • Adaptability
  • Creativity

Cocurricularactivity

  • 2020 - 2022: General Secretary of the Chartered Insurance Institute of Ghana (CIIG)
  • 2019 - Present: Chairman of Finance Committee of the Human Development Group (HuD Group) Board
  • 2014 - Present: Blogger on the subjects of Insurance and Investment at mdavor.wordpress.com

Personal Information

  • Date of Birth: 02/04/89
  • Gender: Male
  • Nationality: Ghanaian
  • Marital Status: Married

References

Available upon request

Hobbies and Interests

  • Public speaking
  • Listening to choral music
  • Reading motivational books

Industrycoursesattended

  • Reliable Upstream & Offshore Energy Insurance Training, by Marsh and GOGIP
  • Chief Operating Officers' Training, by GN Re
  • Political Violence & Terrorism Insurance (Underwriting & Claims), by Continental Reinsurance
  • Marine Insurance Training, by GIZ
  • CIIG Annual Educational Conferences from 2018 to date

Awardandprofessionalqualifications

  • Fellow of the Chartered Insurance Institute of Ghana (CIIG)
  • Chartered Insurer (ACII), Chartered Insurance Institute (CII), United Kingdom
  • Chartered Accountant, The Institute of Chartered Accountants Ghana
  • Best Graduating Student in MBA Finance 2014/2015, University of Ghana

Certification

· Fellow of the Chartered Insurance Institute of Ghana (CIIG)

· Chartered Insurer (ACII), Chartered Insurance Institute (CII), United Kingdom

· Chartered Accountant, The Institute of Chartered Accountants Ghana

Accomplishments

  • · Best Graduating Student in MBA Finance 2014/2015, University of Ghana

References

References available upon request.

Timeline

Chief Operating Officer

Vanguard Assurance Company Limited
01.2024 - Current

Head, Technical Operations

Vanguard Assurance Company Limited
06.2022 - 12.2023

Ag. Deputy Chief Operations Officer

Vanguard Assurance Company Limited
10.2018 - 03.2019

Head, Reinsurance

Vanguard Assurance Company Limited
01.2017 - 05.2022

Deputy Manager, Reinsurance

Vanguard Assurance Company Limited
01.2016 - 12.2016

Underwriting, Claims and Marketing Officer

Vanguard Assurance Company Limited
09.2012 - 12.2015

Chartered Accountants Training -

The Institute of Chartered Accountants Ghana

Young Insurance Professionals Programme -

London School of Insurance and Africa Re

M.B.A in Finance -

University of Ghana

BSc. Administration (Insurance Option) -

University of Ghana

Advanced Diploma in Insurance -

Chartered Insurance Institute, U.K

Ghana Industry Security Course -

Ghana Stock Exchange

Chartered Accountants Training -

The Institute of Chartered Accountants Ghana

Young Insurance Professionals Programme -

London School of Insurance and Africa Re

M.B.A in Finance -

University of Ghana

BSc. Administration (Insurance Option) -

University of Ghana

Advanced Diploma in Insurance -

Chartered Insurance Institute, U.K

Ghana Industry Security Course -

Ghana Stock Exchange

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