Abstract
Insuring risk in a modern economy requires a lot of expertise. Insurance is a complex business and its survival will depend on better mastery of its fundamental principles and functional mechanisms. The failure of this industry could lead to social and economic disaster, and the collapse of public trust in the government of the day. There is no gainsaying that insurance plays a vital role in the functioning of a modern society as it helps to spur up many activities. The financial and capital market, banks, international trade, and the realization of heavy investments (construction of bridges, dams, roads), would not have seen the light of day if not for insurance. The government stands as a key player that has undertaken to strengthen insurance activities thus rendering it robust, resilient and sustainable. This article dissects the legal framework for the resilience of the Insurance sector within the Africa Common Insurance Market (CIMA) Zone and explores prospects of a more resilient, robust and sustainable insurance business in the zone.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: The International Journal of Humanities & Social Studies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
