Managing Director iRisk Management Ltd
As managing director, Sheila Wristberg is the iRisk’s chief strategist, responsible for achieving short-and long-term objectives while producing value for shareholders and other stakeholders.
Sheila Wristberg joined iRisk in 2017 as executive director and became managing director in 2018. During this period, she led the transformation of iRisk –from a startup with a little operational framework into a reputable insurance brand in Ghana.
Under her leadership, the company has grown its revenues by 1,000 per cent. In 2020, following a directive from the National Insurance Commission for brokers to recapitalize, she led the recapitalization exercise which exceeded the regulator’s requirements by a scale of four.
The Insurance Commission ranked iRisk as the fifth-largest insurance brokerage firm in Ghana in terms of revenue in 2020 and 2021, out of more than 100 regulated firms, despite the fact that the company only began operations in 2017.
Sheila Wristberg Leadership style
Sheila Wristberg led the company’s expansion into several sectors, including aviation, oil and gas, manufacturing and the public sector. Her risk oversight includes the Government of Ghana’s USD 1.2 billion Hospital Infrastructure Project, a consortium of insurance companies which provided insurance coverage for the construction of 111 hospitals in all districts across Ghana. Sheila is actively involved in the development of inclusive insurance products to serve the lower end of the population.
In response to consumer pain points, her company has developed innovative products including a market stall insurance policy for women micro traders; and GHCompare, an aggregator website for insurance quotations and claims.
Being a motorcyclist, she also spearheaded the development of a bespoke group life insurance policy for motorcycle clubs in Ghana.
In October 2022, Sheila Wristberg led iRisk to become a signatory to the Nairobi Declaration on Sustainable Insurance, making the firm the first insurance brokerage and the third company in the Ghanaian insurance industry to sign the declaration.
Consequently, she serves as Vice-Treasurer of the Insurance Brokers Association of Ghana (IBAG) and is the youngest member of its executive council. Consequently, she represents IBAG on the GIZ Program for Sustainable Economic Development and the National Insurance Commission’s Inclusive Insurance Planning Committee.
Her community impact includes an all-female motorbike group called Biker Girls GH that promotes safe riding and supports women’s empowerment, as well as advocating for better prison conditions and helping incarcerated women develop skills for reintegration into society.