El-Hassan, Mirghani Mohmed (1981) The role of insurance and its regulation in development : Sudan and Tanzania. PhD thesis, University of Warwick.

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Abstract

This thesis examines the experiences of Sudan and Tanzania in attempting
to control their respective insurance industries to serve their economic
development. The socio-political chemistry in each country has produced a
certain policy towards the insurance institution. The Sudan opted to control
its industry through a regulation code; Tanzania adopted nationalization as
an ultimate form of control. The thesis examines the respective roles of the
two regulation models in the development process, and argues that, on balance,
a direct model of insurance control such as in Tanzania is more appropriate to
the needs of underdeveloped countries than a regulatory model of the Sudanese
type. This conclusion derives from insurance theory itself, and from the need
to avoid the problems which afflict the regulatory model such as the technical
difficulties which regulation involves, the weakness of the regulation agency
vis-a-vis the industry, the influence of the latter upon the agency, the
difficulty of monitoring solvency, and of enforcing investment regulations.
In theory, the state is also more capable of protecting the public which seeks
insurance cover from its own institution than when cover is purchased from
private insurers.
Most information relates to the period 1970-1977, and the thesis is
largely based on fieldwork research in the Sudan and Tanzania and on secondary
resources. Although the methods of control examined are largely legal methods
an attempt is made to transcend law for a better understanding of the problems
which afflict the institution. A legal doctrinal study preoccupied with the
analysis of rules and procedures is unlikely to provide an insight into how
the institution operates. Even less is it likely to be of value when legal
rules are not truly reflective of practice. It is for this reason that the
institution is studied in the wider political economy of the two countries.

Item Type:	Thesis (PhD)
Subjects:	H Social Sciences > HG Finance
Library of Congress Subject Headings (LCSH):	Insurance -- Sudan -- History -- 20th century, Insurance -- Tanzania -- History -- 20th century, Insurance -- State supervision
Official Date:	June 1981
Dates:	Date Event June 1981 Submitted
Institution:	University of Warwick
Theses Department:	School of Law
Thesis Type:	PhD
Publication Status:	Unpublished
Supervisor(s)/Advisor:	Ghai, Yash P., 1938- ; Cottrell, Jill
Extent:	ix, 382 p.
Language:	eng

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