A model to determine the need to modernise the regulation of the principle of utmost good faith

What is it about?

In this research we find that 4 variables determine the need for modernisation of regulatory requirements. These variable have been found to be institutional stakeholders and the political-legal framework; the market, consumer influence and the socio-economic environment; socio-technological environment and insurance practice and international business. Moreover, we find that these variables hold relationships with some demographic variables and differ with age, gender, level of education and occupation in a variety of ways.

Featured Image