1.0 BACKGROUND OF STUDY The saying “HAD I KNOWN”, is a frequent question of the human race. The phrase can be induced or possibly eliminated if human beings can foresee or visualize what would happen in future. Life itself is full of risks and uncertainties abound. Every individual faces risks, either of personal nature or business nature. A businessman for instance faces the risk of his goods being damaged by fire while his dependant […]
1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY the need for intermediaries in insurance market in Nigeria is an issue which its important cannot be over emphasized. Research has shown that the problems encountered by the intermediaries has an impact on the growth of insurance level in our society, there is a wide spread of lack of what benefit it is to the society. Research has shown that there is a significant relationship between the e […]
1.1 INTRODUCTION In Nigeria, the issue of taking life assurance has been neglected, in the sense that at this present time, it is estimated that not up to two percent of Nigerians own life assurance policies. For this fact, the benefits and roles life assurance plays in this country is being viewed from a very cooked point thereby making it slightly visible. Moreover the life assurance industry has entered an era of accelerated changes […]
INTRODUCTION 1.1 BACK GROUND OF THE STUDY The determinant of every marking is the ability of the producer to provide for the consumers the quantity and quality of the goods that will satisfy them at affordable prize, provided at accessible places. In event to provide these goods, the producer should consider the consumer as a “king “because with out the consumer the producer cannot be in business. Insurance market consist of buyers int […]
This work examined the contributions of the insurance industry to the gross domestic product (GDP) in Nigeria. Data for the study were basically through the secondary process, extracted from journals, newspapers, internet, magazines, textbooks, CBN statistical Bulletin and Statement of Account etc. The Ordinary Least Square technique was used to test the validity of the hypotheses stated in the study. The research revealed that insuran […]
A study of the detection and checks of claims fraud operation starts from the propose insured who offers a business contract to the insurer by completing the proposal form questions with appropriate answers. The insurer on the often hard inspect the paid of the insured before the insured could course for the settlement of claims and the policy holder should come for the claim, immediately the loss has been sustained. The insured will n […]
Bank distress in Nigeria has reached a crisis point that it has become a key issue for discussion of all within and outside the banking industry. It is undoubtedly one of the biggest and most serious issues facing our society today. In 1993, it was discovered and reported that out of 116 (one hundred and sixteen) banks in Nigeria 57 (fifty seven) of them were distressed on average of 48%. This has affected the depositions, the industry […]