MONROVIA, LIBERIA-The Law Reform Commission, in collaboration with the Central Bank of Liberia, is poised to lead a major validation exercise for the establishment of the National Insurance Commission.
The exercise will run from March 5 to 7, 2025, in Monrovia.
CBL Director of Insurance Nathaniel Gbaba said the three-day exercise is a crucial step towards establishing an independent Insurance Regulatory Authority in Liberia.
Speaking on the Super Morning Show on Friday, February 28, 2025, Mr. Gbaba said,” The gathering will bring together experts in the insurance industry, citizens, and key actors in the sector to brainstorm the document.”
He believes the validation of the National Insurance Commission Act is critical to protecting consumers and service providers in the insurance industry.
Mr. Gbaba added that having an Independent Insurance Regulatory Commission will create visibility and foster trust, transparency, and confidence in the sector.
By: Emmanuel Kollie