The development of standards for education and training is regarded as a very important activity by many countries. Any country that sets standards for education and training is trying to define its training system and avoid duplication of training by providers who do not see eye to eye. National standards are public documents accessible to anyone interested in education and training. Namibia introduced standards setting as a core activity of administering the National Qualifications Framework in 1996 after the passing of the Namibia Qualifications Act by parliament. This research attempts to gain an understanding of how the process of developing standards for the Life Assurance Sector in Namibia was managed by focusing on the experiences of three persons who took part in the process of developing the said standards. The case study approach enabled me to gain considerable insight into management issues that may have influenced the process of developing these specific standards. The findings illuminate the management and leadership issues which characterised the process for the LA Industry. Several management issues emerge as key elements in the process. These include: A strong emphasis on transformational leadership through clear vision crafting; empowerment through emancipatory thinking; OD features such as problem solving and effective communication; the importance of organisational structure; the concept of a learning organisation and benchmarking as well as collegiality. This research explores the relationship between management thinking generally, and the management of the standards development process in particular.

The key objective of insurance company on money management is asset liability management, as policy asset is solely for paying policy liability. It is true whether it is in case of life insurance, general insurance, or reinsurance. The difficulty of achieving such objective is that the exact cash flow and the exact duration of policy liability are unknown ex ante that requires the asset manager's a good quantitative, financial skill. What is worse is that the variations of cash flow and duration can be huge that is demanding on the asset manager's quantitative, financial skill. Quantitative problem is difficult but qualitative problem can be even more difficult. The specialist problem in insurance industry, which is also known as agency problem in information economics, is notorious. It is because a specialist may no longer work for the insurance company when the long term liability is due and the existing liability portfolio is always composed of myriad policies liability. / The purpose of this thesis is to try to provide solutions to three critical problems in insurance industry. (1) China is the most booming country for insurance at the moment. So, it is selected for discussing about the most difficult problem in modern finance---specialist problem. A structural approach is devised in this thesis to solve such problem. The solution can be generalized to all countries. (2) As many people argue about that modern finance is inapplicable to emerging market, such as China, especially when there are capital account and currency controls, the bond market of China is selected to provide evidence that modern finance is applicable to emerging market even both the capital account and the currency of the country are controlled by the government. (3) The last part of this thesis provides a breakthrough solution to price insurer default option, an embedded option, in insurance company using observable credit default swap price, as the traditional approach needs statistical assumption that is subjective. / Li, Wing Ping Desmond. / Adviser: Frank Youhua Chen. / Source: Dissertation Abstracts International, Volume: 70-06, Section: A, page: 2169. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2008. / Includes bibliographical references (leaves 64-65). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [201-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.