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An appraisal of the role of national insurance commission (NAICOM) in the management of insurance companies

 Department: Insurance and Actuarial Science  
 By: usericon ultimeight  

 Project ID: 2913
   Rating:  (3.3) votes: 6
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   Price:₦1000
Abstract
The purpose of this research is concerned with the impact of government policies on regulating the activities of insurance companies operating in Nigeria. The government responsibility to supervise, regulate and control the activities of insurance companies and intermediaries is to protect the interest of the insuring public and to save them from exploitation by unreliable insurers. Because of the intangible nature of insurance product, the government wants to make sure that those engaged in it must be competent persons who will fulfill their promise and pledges when the need arises. Also because of the complexity of insurance business, it is necessary that the government regulate it to protect the policy holders. Also because of the violation of public trust that occurs in insurance transistors, the government has found it necessary to regulate insurance industries so as to control such violations. The project attempts to appraise the effectiveness of government policies in regulating the insurance companies in Nigeria. ...
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