After Attending 20th Annual International Conference In Ghana
By Sampson W. Weah, sampsonweah7@gmail.com
Monrovia, Liberia — The National Insurance Corporation of Liberia (NICOL) has concluded what it describes as a highly beneficial participation in the 20th Annual International Insurance Seminar organized by the Ghana Reinsurance Company PLC.
The conference was held at a hotel in Accra from February 22 to 28, 2026.
The NICOL delegation was headed by Acting Director General Abdullah S. Swaray, who led the Corporation’s engagement throughout the week-long professional training programme.
Conducted under the theme “Advanced Property Insurance Underwriting and Claims Management,” the seminar attracted more than 100 insurance practitioners from 12 African countries, including Liberia, Ghana, Gabon, Ethiopia, Sudan, Togo, Zambia, Kenya, Rwanda, Malawi, Namibia, and Cameroon.
Participants underwent rigorous technical sessions, in-depth case studies, and high-level panel discussions focusing on property risk evaluation, premium pricing methods, loss control strategies, and effective claims administration.
Special emphasis was placed on emerging risks, catastrophe exposure, and the adoption of modern underwriting tools to improve industry resilience and service delivery.
Speaking at the closing ceremony, Mr. Swaray said NICOL’s participation came at a critical moment in the Corporation’s transformation process.
“The skills and insights acquired during this seminar will significantly strengthen our underwriting discipline, improve the precision of our risk pricing, and enhance our claims settlement procedures,” Mr. Swaray said.
“We are fully committed to translating these lessons into practice so that NICOL aligns with international standards and delivers better value to the Liberian people.”
He explained that the engagement forms part of a broader modernization drive aimed at restoring public trust and repositioning NICOL as a credible national insurer.
“A strong insurance sector is indispensable to national development. NICOL must be capable of protecting both public and private assets while making a meaningful contribution to economic growth,” he added.
Established as Liberia’s state-owned insurer, NICOL was created to provide insurance coverage for government institutions and the general public while supporting the development of the local insurance market.
Over the years, the Corporation has played a key role in underwriting state assets, promoting risk awareness, and contributing revenue to the national treasury.
In recent years, NICOL has embarked on a series of institutional reforms intended to strengthen corporate governance, improve technical competence, and expand its range of insurance products in response to market demands.
Founded in 1972, Ghana Re has grown into one of Africa’s leading reinsurance institutions, providing technical and financial backing to insurers across the continent. Its annual international seminar has become a premier training forum for African insurance professionals, offering continuous professional development in underwriting, reinsurance, and claims management.
NICOL has maintained a long-standing professional relationship with Ghana Re through reinsurance arrangements, technical assistance, and staff development initiatives. Officials say the 2026 seminar has further consolidated this partnership and reaffirmed Liberia’s place in regional insurance cooperation.
Beyond training, the seminar provided a valuable platform for professional networking and experience sharing.
The NICOL delegation held bilateral discussions with representatives of several insurance and reinsurance firms on prospective collaboration in areas such as staff training, product innovation, and risk-sharing mechanisms.
According to NICOL’s Acting Director General, the strengthened partnership is expected to expand opportunities for technical cooperation and improve access to regional reinsurance support, particularly in underwriting large property portfolios and public infrastructure risks.
As Liberia’s state-owned insurer, NICOL says it remains resolute in its pursuit of professional excellence, regional integration, and sustainable growth, vowing to build a resilient insurance industry capable of safeguarding national assets and supporting the country’s long-term development agenda.