EFFECT OF GOVERNMENT AND REGULATORY FRAMEWORK ON GROWTH OF INSURANCE INDUSTRY
DOI:
https://doi.org/10.47604/ijlp.1604Keywords:
Regulatory Framework, Insurance Industry Growth, Effect of GovernmentAbstract
Purpose: The study investigated the effect of government and regulatory framework on growth of insurance industry.
Methodology: The approach we used in this literature review was to gather and analyze a wide range of research articles related to the effect government and regulatory framework on insurance industry growth.
Findings: The findings showed that the regulatory bodies plays a crucial part in assuring the continued viability, integrity, and stability of the financial system, as well as the continued public confidence in the financial structure of an economy.
Unique Contribution to Theory, Policy and Practice: It recommended that regulatory bodies and other market actors in the insurance industry should form a partnership in order to build and design product and pricing structures that are aimed at people of varying financial levels.
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Copyright (c) 2022 Dr. Ben Kajwang PhD
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