CIC Life Assurance Limited was incorporated on 29th July 2009 as a wholly-owned subsidiary of CIC Insurance Group Plc in compliance with Insurance Regulatory Authority (IRA) directive of separating business of life and general. It was duly registered and licensed on 27th November 2012.
Ms. Gail Odongo
Ms. Gail Odongo is a Member of the Board of Directors of CIC – Africa Co operatives Insurance Limited and also sits in the Risk Management Committee.
Gail holds a Masters of Business Administration, Bachelor of Laws Degree (LLB), Post Graduate Diploma from the Kenya School of Law and is a member of łhe Insłiłułe of Cerłi&ed Pubtic Secrełaries of Kenya [“CPS(K)”] She has vast experiences in various capacities and industries ranging from Audit, Banking & Finance, Insurance and Legal. She is the Group Com4any Secrełary and Chief 6e7at Services Officer of CIC Insurance Group Limited of Kenya.
Mrs. Edith Nyauhango Tsilizani
Mrs. Edith Nyauhango Tsilizani is a Board Member of Cooperatives General Insurance Limited and also Chairs the Finance and Administration Committee. Edith is a Development and Media Communication Specialist with over 15 years experience both in the Public and Private sector. She holds a Masters Degree in Communication Management from the United Kingdom and a Bachelor of Arts Degree in Journalism from the University of Malawi.Edith brings on board her experience in Coordinating Corporate Social Responsibility activities, trainer of trainers, media relations, team- building and resource mobilization and her capacity to work with multi-disciplinary teams in multi-cultural environments. Her previous employers include Malawi Broadcasting Corporation and Airtel Malawi. She is currently in consultancies in her area of expertise and sits on various Boards of the Media Institutions and others.
Ms. Febbie Chikungwa
Ms. Febbie Chikungwa is Chair of the Board of Directors of Co- operatives Life Assurance Limited. She also sits in the Audit Committee. She is a holder of Bachelor of Laws Degree LLB (Hons) from the University of Malawi and a member of the Institute of Chartered Secretaries & Administrators (ACIS)-UK. Febbie is the Company Secretary and Head of Legal Services for Limbe Leaf Tobacco Company Limited. She brings on board her over 10 years of Legal work experience in litigation in labour matters, drafting of commercial agreements, insurance, corporate policy formulation, corporate administration, company formation, conveyancing and legal research. She has served in Professional Boards of Malawi Law Society as well as Board for Women and Law. She has also served on various Boards in other sectors of the Malawi economy.
Mr. Ezekiel Phiri
Mr. Ezekiel Phiri is a Board Member of both Co-operatives Life Assurance Limited and Co-operatives General Insurance Limited. He also serves in the Risk Management Committee of the Companies. He is a Micro Finance and Development Finance Expert with 30 years of experience gained in three countries in Africa (Malawi, Swaziland and Cape Verde Islands). Ezekiel is a holder of a Masters Degree in Banking and Finance from Italy and a Bachelors Degree in Accountancy. Through his career, he has done Microfinance Management, Credit Risk Management, and Product Development at various levels in different organizations. He is the Chief Executive Officer of CUMO Micro Finance Limited and CUMO Entrepreneurship Training Centre.
Mr. Fumbani Nyangulu
Mr. FumbaniNyangulu is a Member, Board of Directors for both Co-operatives Life Assurance Limited and Co-operatives General Insurance Limited. He also sits in Finance and Administration Committee of the Board. Fumbani holds a Masters of Business Administration and Bachelor of Accountancy Degrees, both from the University of Malawi and has over 17 years experience in Financial and Business Development functions of Co-operatives and Micro Finance. He has worked in various Managerial positions in Audit, Finance and Credit, Business Development and currently, he is the Chief of Operations for MUSCCO Ltd.
Mr. Alfred Nkhono
Mr. AlfredNkhono is a Member, Board of directors for Co-operatives Life Insurance Limited and also chairs the Audit Committee. He is a Fellow Chartered Management Accountant-FCMA, Fellow Certified Chartered Accountant FCCA and also holds a Bachelor of Commerce degree majoring in Accountancy. He is the Chief Executive Officer of Press Agriculture limited with vast experience in strategic management, leadership, planning and implementation of policies. His vast experience in auditing, Finance management and leadership will steer CIC to greater heights. Alfred has served in various Boards before and assumed a number of roles in the Boards in other sectors of the Malawi economy.
Mr. Pempho Likongwe
Mr. PemphoLikongwe is a Managing Partner of Likongwe Laws & Co. He is the Company Secretary of CIC – Africa Co-operatives Insurance Limited. He is a holder of Bachelors Degree in Law from the University of Malawi and is a Certified Company Secretary. He has worked in such capacity for Auction Holdings Limited with more than 20 years experience in Executive Management. Mr. Likongwe has served in various Boards in the Financial Sector and Co-operatives and assumed the roles of Chairmanship in other Boards.
Mr. Michael Wambia
Mr. Michael Ondinya Wambia, is the Director representing Western Region based societies and is a board member of FARIDI SACCO. He is a teacher by profession. The Director also holds a Diploma in Education Management from KEMI (Kenya Educational Management Institute) and is a member of the Institute of Directors of Kenya and a Delegate of Cooperative Bank of Kenya. Further he has received a training in Advanced Life Insurance by LIMRA, Corporate Governance Master Class by IFC World Bank, Employment Act and Discipline Management by FKE and Corporate Governance for Directors by Centre Corporate Governance.
Mr. Chrispinus O. Mugwang’a
Chrispinus O. Mugwang’a aged 47, is the Managing Director – CIC Africa, Malawi. He has an MBA – Strategic Management and a Bachelor of Commerce Marketing option both from Catholic University of Eastern Africa – (CUEA). He also has a Diploma in Life and Disability Underwriting of the Assurance Medical Society, London UK and a Diploma in Sales and Marketing of the International Association of Business Executives, London. He is an Associate of the Chartered Insurance Institute (ACII) and a member of the Society of Technicians in Insurance (MSTI). He has over 26 years work experience in the Insurance Industry
Mr Pokera Kayange
Mr Pokera Kayange is the CIC Africa Co-operatives Insurance Limited Finance and Administration Manager. He is a Fellow of the Association of Chartered Certified Accountants (ACCA) of United Kingdom, a Certified Accountant (CA) under Institute of Accountants in Malawi (ICAM, and a holder of Bachelor of Accountancy from the University of Malawi – The Polytechnic. He brings in over 15 years accounting and auditing experience, having worked as an accountant for multinational company for 5 years and being an auditor in the big four firms for 8 years. Pokera is in the executive Management Committee of the Holding Company and oversees Finance operations in the subsidiaries.
Mr. Bardon Mbera
Mr. Bardon Mbera is the Operations Manager for Co-operatives General Insurance Limited. He is a Fellow of the Chartered Insurance Institute (FCII) with 21 years’ experience in General Insurance both at Operations and Senior Management level.His areas of expertise in insurance are in Underwriting and Claims management, strategic planning, market management, customer service, business analysis, product innovation and launch, mentoring, teamwork and team building. He has attended several training forums in insurance both local and international. He has worked with several reputable Insurance Companies at senior management level and brings that vast knowledge and expertise to Co-operatives General Insurance Limited.
CIC Life Assurance quick facts as of 2020;
This subsidiary offers a wide range of life assurance products to cater to the various insurance needs of different market segments. They include;
INDIVIDUAL LIFE PRODUCTS
INDIVIDUAL AND GROUP PENSION PRODUCTS