+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

THE IMPACT OF PROPER UNDERWRITING IN PROMOTING INSURANCE IMAGE IN NIGERIA (A STUDY OF NIGER INSURANCE PLC)

  • Type:Project
  • Pages:55
  • Format:Microsoft Word
(Insurance Project Topics & Materials)
ABSTRACT
Insurance companies are legal entities that cover the insured against certain unexpected occurrence of an event in exchange for payment of a predetermined amount of money called premium. In underwriting insured risks insurance companies do accepts risks that have different risk profile but the acceptance of those risks are under different conditions which they face a lot of challenges in carrying out these activities because of low modern technology and facilities, lack of professionals in underwriting department which brought to foe low confidence on the insured. This study therefore is exploratory study to determine the impact of proper underwriting in promoting insurance image in Nigeria. The population of the study comprises both underwriters and insured of Niger Insurance Plc Enugu. Both primary and secondary data were collected. The data was analyzed by the use of chi-square statistical method. The study came out that for proper underwriting in promoting insurance image, the insurance need to establish rules which will result in securing an average proportion of good risk. It was recommended that the underwriters should be exceptionally in the selection of their applications they should not be too glad in receiving premium but too reluctant in meeting their claims.

TABLE OF CONTENTS
Title Page                                            i
Approval Page                                        ii
Dedication                                        iii
Acknowledgement                                    iv
Abstract                                            v
Table of Contents                                    vi

CHAPTER ONE

1.0    Introduction                                    1
1.1    Background of the Study                            1
1.2    Statement of Problems                            3
1.3    Objective of the Study                            3
1.4    Research Questions                                3
1.5    Research Hypothesis                                4
1.6    Significant of the Study                            4
1.7    Scope and Limitation of the Study                    4
1.8    Definition of the Terms                            5

CHAPTER TWO

LITERATURE REVIEW                                7
2.1    An Overview                                    7
2.2    Historical Development of Underwriting                9
2.3    Traditional Underwriting Practice                    10
2.4    How Underwriters Assess Risk in Insurance Industry    12
2.5    The Impact of Underwriting on the Nigeria Economy        13
2.6    The Effect of Improper Underwriting on the Insurance Industry     14
2.7    Problems Facing Underwriting in Assessment of Risk    15
2.8    Prospect of Proper Underwriting and Management        16
2.9    Historical Development of Niger Insurance Plc            17

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY
3.1    An Overview                                    19
3.2    Sources of Data                                19
3.2.1        Primary Data                                20
3.2.2        Secondary Data                            20
3.3    Population of Study                                21
3.4    Sampling Size Determination                        21
3.5    Questionnaire Administration                        23
3.6    Method of Data Analysis                            23
3.7    Validity and Reliability of Instrument                24

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
4.1    An Overview                                    25
4.2    Data Presentation                                25
4.3    Data Analysis                                    26
4.4    Testing of Hypothesis                            33
4.5    Discussion of Findings                            36

CHAPTER FIVE

SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
5.1    Summary of Findings                            37
5.2    Conclusions                                    38
5.3    Recommendations                                40
5.4    Suggestion for Further Studies                        42
Bibliography                                        43
Appendix                                            47
Questionnaire                                        48

THE IMPACT OF PROPER UNDERWRITING IN PROMOTING INSURANCE IMAGE IN NIGERIA (A STUDY OF NIGER INSURANCE PLC)

Share This

Details

Type Project
Department Insurance
Project ID INS0124
Price ₦3,000 ($9)
No of Pages 55 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Insurance
    Project ID INS0124
    Price ₦3,000 ($9)
    No of Pages 55 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT Insurance companies are legal entities that cover the insured against certain unexpected occurrence of an event in exchange for payment of a predetermined amount of money called premium. In underwriting insured risks insurance companies do accepts risks that have different risk profile but the acceptance of those risks are under different... Continue Reading
    ABSTRACT Insurance companies are legal entities that cover the insured against certain unexpected occurrence of an event in exchange for payment of a predetermined amount of money called premium. In underwriting insured risks insurance... Continue Reading
    INTRODUCTION The research is to be conducted on “The impact of insurance service on business survival in Niger Insurance Plc Kaduna. Insurance is meanly concerned with provision of financial security or protection of industries, institution and individuals against their economic losses, since they have content with the risk and uncertainties... Continue Reading
                      IMPACT OF INSURANCE SERVICE ON BUSINESS SURVIVAL IN NIGER INSURANCE PLC KADUNA  CHAPTER ONE INTRODUTION 1.1            Background of the Study The research is to be conducted on “The impact of insurance service on business... Continue Reading
    ABSTRACT The main purpose of the project is to design a software for insurance institutions. It studies the operations and concept of insurance companies. Insurance as a vital discipline, in the society deals with different security, policies and has a diverse relationship with other professional fields. This project has been specially written and... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY: Insurance is a provision of a system of compensation for loss, damage, sickness, death and other unbearable circumstances in return for regular payment of a pre-determined premium. Insurance companies are important for both businesses and individuals as they indemnify the losses... Continue Reading
    INTRODUCTION An insurance company assumes risk insured by his clients and therefore, he is exposed to the danger that some risk he insured might result to heavy losses or the aggregate or some losses he incurred within a period of time say one year would be so large as to wipe out it profit and possible endanger its risk to the reinsurance... Continue Reading
    ABSTRACT The insurance business, which involved compensation of indemnity victim for financial loss suffered, death or when one is ill have many policies. The researcher seeks to study those that concerned the underwiritng only. It has different aspect of business and... Continue Reading
    DESIGN AND IMPLEMENTATION OF A COMPUTER BASED INFORMATION SYSTEM FOR UNDERWRITING INSURANCE POLICIES (A CASE STUDY OF NICON, ENUGU BRANCH) ABSTRACT The insurance business, which involved compensation victim for financial loss suffered as a result of risks life have many policies. The researcher seeks to study those that concerned the underwriting... Continue Reading
    A CRITICAL REVIEW OF THE IMPACT OF GOOD ACCOUNTING SYSTEM IN THE GROWTH AND DEVELOPMENT OF INSURANCE INDUSTRY(A CASE STUDY OF IGI, LEADWAY AND NICON INSURANCE COMPANIES) ABSTRACT This study survey critical review of the impact of good accounting system in the growth and development of insurance industry. Some problems facing accounting system... Continue Reading