Select Currency
Translate this page

ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES

Format: MS WORD  |  Chapter: 1-5  |  Pages: 119  |  918 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES

 

ABSTRACT
 
There are contrasting views about the impact of cross border reinsurance business in developing countries. In the literature, some argue that cross border reinsurance plays a critical role in strengthening risk absorbance, solvency, know-how, and in availing foreign capital for the insurance industry of developing countries. Some of the literature underpin cross border reinsurance as indispensable in availing foreign capital for the insurance industry in the aforesaid countries. Others claim that excessive dependency on cross border reinsurance not only negatively affects foreign currency holdings of a given country, but, also has an adverse effect on the contribution of the industry to the economy of a nation. The Ethiopian insurance industry is entirely dependent on cross border reinsurance business. Despite the importance of sound reinsurance business regulation for the stability and growth of the local insurance industry, no such regulations in Ethiopia have been issued. This paper reports the findings on the influence of the cross-border reinsurance business, on the insurance industry and the economy and perceptions of the management of the industry regarding reinsurance business regulations in the Ethiopian context. The study used ten years data including financial transactions of the insurance companies, GDP and sample primary data of the perceptions of the management of the insurance industry regarding reinsurance business regulations. Quantitative and qualitative analytical research approach is used. The results show that cross-border reinsurance business affects negatively the insurance industry from the financial performance perspective. The insurance industry is contributing little to the economy of the country. Awareness gap regarding the reinsurance regulation persists in both management levels. Lack of awareness induced the industry to engage in the international business without the appropriate regulations. Both the government and the industry should work in unison towards putting in place a regulatory framework and appropriate strategies that can enhance competitiveness of the industry, both at national and global spectrum.
 
CHAPTER ONE
 
ORIENTATION
 
1.1 The Ethiopian Context
 
The Federal Democratic Republic of Ethiopia (FDRE) is situated in the Horn of Africa. Ethiopia is bounded by Eritrea in the north, Djibouti in the north-east, Somalia in the south-east, Kenya in the south-west and Sudan in the west. With an area of 1,235,000 square km, Ethiopia is as large as France and Spain combined. About 65% of the land mass is arable while only 15% is cultivated. The population is estimated at 79.5 million; of which over 50% are under the age 20 and about 85% reside in rural localities. In terms of population density, the number of inhabitants per square km is about 50.
The capital Addis Ababa, has about 2 .8 million inhabitants (CSA, 2010).
 
Ethiopia is a multi-culture and multi-ethnic country with more than 83 languages. The official language, Amharic is spoken by 60% of the population but two other languages (Oromigna and Tigrigna) are also commonly spoken: English is widely spoken particularly in the big urban centers. Geographically, Ethiopia has a rugged topography with an elevated central plateau varying in height between 2,000 and 3,000 meters. In the north and centre of the country, there are some 25 mountains whose peaks rise over 4,000 meters (peak of Ras Dashen is at 4,620 meters). Dallol, world’s lowest place, being 48m below sea level, with live volcano (located at Erta Ale) and colorful hot brine springs is found in the North East part of the country. To the north, Lake Tana is the source of the famous Blue Nile River, which runs a distance of 850 miles and joins the White Nile at Khartoum, Sudan. The Nile River is the longest river in the world that stretches north for approximately 4,160 miles from East Africa to Mediterranean Sea. Similarly, Omo River rises in western part of the Ethiopian plateau and feeds into Lake Turkana on the Kenyan border.

Ethiopia has two seasons: dry and wet. The dry season prevails from October to May and the wet season from June to September. Due to huge variation in altitude, the country is not characterized by tropical climate across the national space. Under 1,830 meters, average temperature is 27°C. Between 1,830 and 2,440 meters, the temperature is about 22°C. Above 2,440 meters, the temperature is cooler (around 16°C) and precipitation is abundant (from 1,270 meters to 1,780 meters per year). Over 85 percent of the Ethiopian population is currently living in rural areas.
The vast and dispersed settlements in the rural areas have large populations with minimal access to services and limited economic resource base. Most urban areas are also fragmented with great spatial separations and disparities between towns and townships, resulting in inefficient and costly urban sprawl.
 
Since the last decade and half, Ethiopia is rigorously working to transform itself from the backward self-subsistence agriculture economy to commercialized agriculture thereby to enjoy agro industry and industrialization ultimately. Following the overthrow of the dictatorial military government, various policies targeting at promoting economic growth, market transformation social well being and equality under the auspices of market economy are put in place. Private investments have also been flourishing including in the financial sector. Structural adjustments such as liberalization of foreign trade, privatization of public enterprises and investment motivational schemes were undertaken to promote economic growth (Ahmed, Diaz-Bonilla, Robinson, & Lofgren, 2016). Hence, the economy is ever integrating into the global economic system.

  DOWNLOAD THE COMPLETE PROJECT

ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Uduak From Uniuyo
IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!
Excellent
JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for ASSESSMENT OF THE REINSURANCE BUSINESS IN DEVELOPING COUNTRIES, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!