AN APPRAISAL OF THE ROLE OF REGULATORY BODIES IN THE NIGERIAN INSURANCE INDUSTRY

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ABSTRACT

Business is too important to be left to â€œBusiness-menâ€ to run and operate as they see fit. Moreso, if that â€œbusinessâ€ is that of insurance. The average Nigerian might not know much about insurance but he or she knows that insurance companies â€œdonâ€™t pay claimsâ€

In otherwords, the insurance industry has a bad image. This was the reason behind the federal governments creation of different insurance regulatory bodies. To prevent â€œquacks from doing insurance business and to protect the insuring public, insurance laws and regulatory bodies have been created to further protect the insuring public.

The question now is, who are these regulatory bodies? How do they operate and how effective are they in performing their duties? This project in addition to â€œappraisingâ€ these regulatory bodies, will trace the genesis of regulating insurance business and finally, make recommendations on how the regulatory bodies can do better.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

Introduction

1.1 Background of study

1.2 Statement of Problem

1.3 Objective of study

1.4 significance of the study

1.5 Research hypotheses

1.6 Scope and limitation

1.7 Definition Of Terms

CHAPTER TWO

Literature Review

2.1 Origin Of Insurance

2.2 History of insurance in Nigeria

2.3 The structure of the insurance market

2.4 The beginning of insurance supervision

2.5 The agents of insurance regulation

2.6 Reasons and objective of regulating the insurance business

2.7 The national insurance commission (NAICOM)

2.8 The impact of regulatory control/agents

CHAPTER THREE

Data presentation and analysis

3.1 Analytical techniques

3.2 Testing the hypothesis

Reference

CHAPTER FOUR

FINDINGS, CONCLUSION AND RECOMMENDATIONS

4.1 SUMMARY OF FINDINGS.

4.2 CONCLUSION OF THE STUDY

4.3 RECOMMENDATION

4.4 SUGGESTIONS FOR FURTHER STUDY

BIBLIOGRAPHY

Appendix

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AN APPRAISAL OF THE ROLE OF REGULATORY BODIES IN THE NIGERIAN INSURANCE INDUSTRY

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