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

1.0Introduction 1

1.1Background of study 2

1.2Statement of problems 3

1.3Objective of study 4

1.4Significance of the study 5

1.5Scope limitation and delimitation 6

1.6Research Hypothesis8

1.7Definition of terms 9

CHAPTER TWO

2.0Review of Related Literature 13

2.1Objectives of insurance regulations15

2.2Insurance Decree of 1976 17

2.3Insurance Decree No 58 of 1991 17

2.4Insurance Association 18

2.5Brief History of Insurable interest 27

2.6Claims settlement 29

CHAPTER THREE

3.0Research Design And Methodology 52

3.1Data source 52

CHAPTER FOUR

4.0Presentation and analysis of data 58

4.1Introduction 58

4.2Presentation of Question 58

4.3Analysis of Data 68

CHAPTER FIVE

5.OSummary of Findings 76

5.1Decision of Findings78

5.2Conclusion 79

5.3Recommendation 81

Bibliography/References 83

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APA

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

MLA 8th

Ugwu, Anderson "THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY" Afribary. Afribary, 29 Jan. 2018, https://track.afribary.com/works/the-impact-of-the-prudential-guidelines-in-the-insurance-industry-9101. Accessed 25 Apr. 2025.

MLA7

Ugwu, Anderson . "THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY". Afribary, Afribary, 29 Jan. 2018. Web. 25 Apr. 2025. < https://track.afribary.com/works/the-impact-of-the-prudential-guidelines-in-the-insurance-industry-9101 >.

Chicago

Ugwu, Anderson . "THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY" Afribary (2018). Accessed April 25, 2025. https://track.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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