Abstract:
The study focused on determining the impact of regulations on the business model of smaller insurance companies. The study was conducted through the use of a survey distributed to Under-writing management agencies (UMAs) within local insurance companies. Participants included upper-, mid-, and lower-management employees, as well as support staff to obtain a well- rounded viewpoint of the company. Participants were of both genders and of all age groups in order to provide equal chances of selection for study participation.