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A little over fifteen (15) years ago the Catholic Bishops’ Conference under the Companies Code of 1963 (Act 179) incorporated Quality Insurance Company Ltd. The Company was licensed by the National Insurance Commission as a composite Insurance Company. In 2006, the new Insurance Act (Act 724) made it mandatory to establish a Life Company (Quality Life Assurance Company Ltd - QLAC) to manage the Life portfolio of QIC. This means that QIC is now underwriting only Non-Life businesses. To satisfy that requirement, the sole shareholder, the Catholic Bishops’ Conference of Ghana successfully offloaded 40% of shareholding through a private placement in 2005 to individuals and groups. The change in the share holding structure and objects in the face of the nuances in the business environment demanded that the company asserted itself as a professional insurer by providing high quality insurance products and services spiced with excellent customer care. Incorporated at a time when the insuran

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