Regulation rationale, methods and issues

Regulation rationale, methods and issues

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 11: Insurance Company Operations and Regulation

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of regulation rationale, methods and issues.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Government regulation of insurance
• Rationale for insurance regulation
• Methods of regulating insurers
• Areas of regulation
• Problems and issues in regulation

Detailed Microsyllabus

1. Regulation

   1. Reasons and objectives.
   2. Methods and principal areas.
   3. Differentiate regulation from contractual policy administration.

2. Issues

   1. Protection, solvency and market conduct.
   2. Implementation and oversight challenges.
   3. Use evidence from the specified institutional period.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.