THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY

ABSTRACT

This project work is aimed at giving an insight of what the prudential guidelines on insurance companies hold for the industry in the nearest future.

It is centered on the impact of issued guideline by the various regulatory bodies like the insurance. Decree of 1976 and 1991 and the establishment of the various bodies like the NISB and others.

It also examine the performance apprisal of the insurance companies with a view of improving revenue profits, identifying the problems faced as a result of this prudential guidelines issued.

Hence the need to finding lasting solution to sanitize the insurance industry to bring about a more better future for its existence.

TABLE OF CONTENT

CHAPTER ONE

1.0 Introduction 1

1.1 Background of study 2

1.2 Statement of problems 3

1.3 Objective of study 4

1.4 Significance of the study 5

1.5 Scope limitation and delimitation 6

1.6 Research Hypothesis 8

1.7 Definition of terms 9

CHAPTER TWO

2.0 Review of Related Literature 13

2.1 Objectives of insurance regulations 15

2.2 Insurance Decree of 1976 17

2.3 Insurance Decree No 58 of 1991 17

2.4 Insurance Association 18

2.5 Brief History of Insurable interest 27

2.6 Claims settlement 29

CHAPTER THREE

3.0 Research Design And Methodology 52

3.1 Data source 52

CHAPTER FOUR

4.0 Presentation and analysis of data 58

4.1 Introduction 58

4.2 Presentation of Question 58

4.3 Analysis of Data 68

CHAPTER FIVE

5.O Summary of Findings 76

5.1 Decision of Findings 78

5.2 Conclusion 79

5.3 Recommendation 81

Bibliography/References 83

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APA

T0gOSTL5c0005cdc49c47.77861884, Q. (2018). THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY. Afribary. Retrieved from https://beta.afribary.com/works/the-impact-of-the-prudential-guidelines-in-the-insurance-industry-9101

MLA 8th

T0gOSTL5c0005cdc49c47.77861884, QQXlA1z5c0005cdbe9d75.44641593 "THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/the-impact-of-the-prudential-guidelines-in-the-insurance-industry-9101. Accessed 24 Apr. 2025.

MLA7

T0gOSTL5c0005cdc49c47.77861884, QQXlA1z5c0005cdbe9d75.44641593 . "THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY". Afribary, Afribary, 29 Jan. 2018. Web. 24 Apr. 2025. < https://beta.afribary.com/works/the-impact-of-the-prudential-guidelines-in-the-insurance-industry-9101 >.

Chicago

T0gOSTL5c0005cdc49c47.77861884, QQXlA1z5c0005cdbe9d75.44641593 . "THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY" Afribary (2018). Accessed April 24, 2025. https://beta.afribary.com/works/the-impact-of-the-prudential-guidelines-in-the-insurance-industry-9101

THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY

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