Question: Explain with tangible evidences why a government would consider supervision of the insurance industry imperative, shouldn't this supervisory role be delegated to the industry's self

Explain with tangible evidences why a government would consider supervision of the insurance industry imperative, shouldn't this supervisory role be delegated to the industry's self regulating bodies like in the case of Kenya, the association of Kenya insurers (AKI). [8 Marks]

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