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Nigeria's Insurance Industry In 1985, Central Bank Of Nigeria Cbn

Economic and Financial Review

This report describes the activities of insurance companies operating in Nigeria in 1985. Among the topics covered are the number and type, ownership structure, income and expenditure and the relative performance of the insurance companies. Their sources and application of funds, loss and expense ratios are also discussed by class of insurance. The report, which ends with a discussion of the assets -of the insurance companies, observes that operating costs rose in the companies during the review period, and traces the source of the increased costs to higher costs in the life insurance companies run by indigenous insurers.

Economic Status Of The Property And Casualty Insurance Industry With Special Reference To Virginia, Clarence R. Jung Jr.

Robins School of Business White Paper Series, 1980-2022

Conditions in the property and casualty insurance industry in the past several years have caused great concern to both the insureds and the insurers. Premium rates for some lines, particularly certain liability coverages, have increased significantly (some observers would say catastrophically). For some businesses and governmental units insurance coverages have either been cancelled or are not available.

The situation in the industry has often been referred to as a crisis. And reactions to this crisis have included calls for investigations of the industry and an increased degree of government regulation. Private citizens and business firms have blamed insurance companies; insurance …

Proposed Audit And Accounting Guide : Audits Of Property And Liability Insurance Companies;Audits Of Property And Liability Insurance Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1987, July 22, American Institute Of Certified Public Accountants. Insurance Companies Committee

Exposure Drafts, Comment Letters, and Statements of Position

This audit and accounting guide, which supersedes the 1966 AICPA Industry Audit Guide, Fire and Casualty Insurance Companies and the statements of position that amended that guide, has been prepared to assist the independent auditor in examining and reporting on financial statements of property and liability insurance companies. This guide describes those operating conditions and auditing procedures that are unique to the industry and illustrates the form and content of financial statements and disclosures for property and liability insurance companies, pools, syndicates, and other organizations such as governmental insurance pools. Chapter 1 discusses the nature, conduct, and regulation of the …