With the emergence of the oil and gas sector’s need for insurance liability coverage coupled with the need to safeguard, particularly, local insurance service providers, Guyana’s Commissioner of Insurance Dr Gobind Ganga recently set up a committee to make recommendations for him to submit to government’s local content panel on what they expect.
“We have a representative from Central Bank on the panel with local industry experts and they are tasked with analysing and looking at global best practices to formulate a proposal which I will take to the local content panel,” Dr Ganga yesterday told the Stabroek News.
“They are looking at local content as it pertains to provide or front [those services] for Exxon and the other companies who are coming in to be a part of the petroleum sector,” he further explained.