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Member, Beacon International Group, Ltd.
Local Ghanaian insurers have praised the recent directive calling for sharing insurance risks for Ghana Gas Infrastructure project's assets among the country's 24 general insurers through the Ghana Oil and Gas Insurance Pool, Citifmonline reported.
Ghana's National Insurance Commission had put forth the directive. Earlier, only four insurers were to underwrite the gas project. The risk sharing "will help local insurance companies to acquire underwriting skills and even capacity over a period of time," an insurance executive said.