As part of its commitment to strengthening corporate governance and operational resilience, Quality Insurance Company (QIC) engaged JPCann Associates Ltd to develop and design a comprehensive Risk, Internal Audit, and Internal Control Policies and Procedures Manual.
The consultancy assignment involves conducting an independent appraisal of QIC’s existing risk management and internal control frameworks. This includes a thorough evaluation of the company’s internal operations, administrative systems, and financial controls to assess their adequacy and effectiveness. The objective was to identify gaps and vulnerabilities in QIC’s current practices when benchmarked against established standards and global best practices.
Based on this appraisal, JPCann Associates Ltd provided actionable recommendations to enhance QIC’s risk and control systems, ensuring they are robust, responsive, and aligned with strategic objectives.
In executing this mandate, the consultants were to adhere strictly to all applicable laws, regulations, and policies governing the insurance industry in Ghana. The work was also guided by international benchmarks and standards, including COSO Frameworks, ISO 31000 and Solvency II.
This initiative aimed to significantly enhance QIC’s risk posture, internal audit effectiveness, and control environment, thereby improving operational efficiency, regulatory compliance, and stakeholder confidence.
3rd May 2023 – 30th Sep 2024
Accra, Ghana
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JPCANN offers quality training for its client. Facilitators are very knowledgeable.
JPCANN is very professional and well equipped to deliver high level training which is very relevant, pertinent and fit for the purpose.
JPCann Associates Limited’s consultants are well-trained professionals and are on top of their game.