AISL Executive Summary
Avec un score AISL ajusté de 30.6/100, Liberia se classe dans la catégorie « hautement restrictif ». En 2025, le marché assurantiel local représentait 48 millions $ (1.0% de pénétration du PIB). L'accès des réassureurs étrangers est conditionné par une cession légale obligatoire (Africa Re 5% (base Union Africaine, presume)).
Summary written from available AISL data, some of which is estimated due to a lack of official public sources. Not an opinion, a starting point for analysis.
Economy
Capital
Monrovia
Population
Not documented
GDP
$4.8 B
Currency
LRD
Insurance market
Market size
$48 M
Penetration
1.0%
Density / capita
Not documented
Growth (GDP proxy)
4.6%
Regulatory framework
Regulatory openness
Highly RestrictiveCompulsory cession
Yes
Africa Re 5% (base Union Africaine, presume)
Active friction mechanisms
1 / 7
Reference year
2025
AISL Score
Market with limited public documentation: underlying market data relies partly or fully on estimation, due to a lack of accessible official figures. Should be treated with caution.
Base score
34.0
Adjusted score (friction)
30.6
Regulatory access
86/100
Methodology breakdown
AISL recommendation: AVOID / HIGH RISK
AISL Score Badge
Show the Liberia score — live — on your own site, in a deck or an email signature. The image updates automatically with every score revision, nothing to redo on your end.
- 1Copy the code below
- 2Paste it into your site, email or document
- 3The badge displays, always up to date
Similar markets
Structurally close profiles to Liberia, computed on market size, growth, sector structure, environment and founder judgment.
Market (2025)
Total premiums
$48.0M
Penetration
1.0%
Density / capita
Not documented
Growth
—
Number of insurers
—
International comparison
This market is -84% versus the OECD average (6.2% of GDP, 2024) and -81% versus the average across all reporting jurisdictions (5.4%, 2024).
Source: OECD, Global Insurance Market Trends 2025. These averages cover jurisdictions reporting to the OECD, not an exhaustive global sample.
Source: Estimation par penetration x PIB, juillet 2026
Macroeconomic context (2024)
GDP
$4.8 B
GDP growth
4.6%
Population
—
Inflation
6.0%
Currency
LRD
Source: AfDB Liberia Economic Outlook, juillet 2026
Regulatory mechanisms
Africa Re 5% (base Union Africaine, presume)
Source: Recherche web juillet 2026 - PAS de source GRF dediee
What this market requires at entry
1 active regulatory mechanism on this market, with what each one concretely means for entering Liberia.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 34.0, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
30.6
1 mechanism active (1 × 3.4 = −3.4 pts)
Active reinsurers
9 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | Net income (M$) | Observed growth | 2022(est.) | 2023(est.) | 2024(est.) | 2025(est.) | 2026(est.) | 2027(est.) | 2028(est.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ghana Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re | Regional | — | — | — | — | — | — | — | — | — | — |
| CICA - Re | Regional | — | — | — | — | — | — | — | — | — | — |
| Waica Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| WAICA Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re (PTA Reinsurance Co) | Regional | 213.0 | 18.1 | +2.3% | 218.0 | 223.0 | 228.0 | 233.2 | 238.6 | 244.0 | 249.6 |
| CICA-RE | Regional | 176.2 | 13.4 | +11.3% | 196.1 | 218.3 | 243.0 | 270.6 | 301.3 | 335.5 | 373.7 |
| WAICA Re | Regional | 153.3 | 19.9 | +49.5% | 229.5 | 343.3 | 513.5 | 768.1 | 1148.9 | 1719.1 | 2572.0 |
Source: Atlas Magazine, Reinsurance Yearbook 2023. Last real data available: fiscal year 2021 (left-hand columns). The "2028 revenue (estimated)" column, in italic gray, is a projection based solely on the growth rate observed between 2020 and 2021 (capped between -30% and +50%/year); this is not an observed figure and should be treated with caution, particularly for companies with volatile or negative net income.
AISL Summary
- AISL positioning: 31/100, "Highly Restrictive" market.
- Insurance market: $48M, fiscal year 2025.
- Main entry barrier: compulsory cession (Africa Re 5% (base Union Africaine, presume)).
- Sits 1.9 points below the regional average (15 scored markets).
Regional comparison
Average adjusted score in West Africa : 32.5 (out of 15 scored markets)
Liberia is 1.9 points below the regional average