Liberia: Taking Aggressive Fresh Look at Regulatory Framework of the Insurance Industry
Liberia, Dec. 1 -- By Henry Karmo
According to him, the ease of doing business in current structural insurance zone challenges insurance companies and organizations to act swiftly in transforming how the insurance industry is integrated.
"For example, the African Continental Free Trade Area (AfCFTA) presents an excellent opportunity for driving growth in the African insurance sector. When we consider that Africa, a continent of some 1.3 billion people, has an insurance penetration rate of one percent and that Liberia is at the tail end of this, there is a need to take an aggressive fresh look at the regulatory framework of the insurance industry. Moreover, we must take advantage of (AfCFTA). AfCFTA supports regulatory harmonization and ...
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