CLAIMS MANAGEMENT AND PROFITABILITY OF INSURANCE COMPANIES IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The main objective of this study is to analyse the effects of claims settlement on the profitability of Nigeria Insurance industry. The study adopts descriptive and analytical method of historical and time series data. The study was conducted to cover the period from 1986 to 2011 (twenty-five years). The secondary data used for the study was obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin, 2014. The secondary data were presented in tables and multiple regression method was adopted to assess the relationship between the variables employed. T-statistics and F-statistics were used to test the hypotheses formulated in the study. The result from the analysis revealed that there is a significant relationship between claims settlement and profitability of the Nigerian insurance industry. Also, there is a significant relationship between claims settlement and premium received by insurance industry in Nigeria. It is therefore, recommended that insurance firms need to emphasize prompt payment of adequate claims for increased patronage, which is always reflected in payment of premium and profitability.
Related Project Materials
AN EMPIRICAL INVESTIGATION OF COVID-19 ON PRODUCT SALES AND MARKETING
BACKGROUND OF STUDY
Notably, many states; continents; regions; urban and rural communities; families&nb...
THE ROLE OF FINANCIAL MANAGEMENT IN A CO-OPERATIVE ORGANIZATION (A CASE OF STUDY OF UNION BANK (PLC) ENUGU)
ABSTRACT
This project is poised at x-raying the degree of the role of financial management in a co-operate organizat...
CRITICAL EVALUATION OF SOSPOLY ON LINE REGISTRATION A STUDENT USER PERCEPTION
ABSTRACT
This study examined critically evaluate student’s perception on online registration in Sokoto State Unive...
THE ASSESSMENT OF HUMAN RESOURCE DEVELOPMENT IN ENHANCING ORGANIZATIONAL PRODUCTIVITY
ABSTRACT
This project is on ‘’the assessment of Human Resource Development in enhancin...
DEVELOPMENT OF A DISTRIBUTED BIG DATA FUSION ARCHITECTURE FOR MACHINE-TO-MACHINE COMMUNICATION USING ENSEMBLE LEARNING
ABSTRACT
This research developed a distributed big data fusion architecture for machine to machine communication using ensemble learning....
DESIGN, CONSTRUCTION AND PERFORMANCE EVALUATION OF A PASSIVE SOLAR WATER HEATER
ABSTRACT
A thermosyphon solar water heating system which captures and utilises the abundant solar energy to provide dom...
HOUSING CONDITIONS AND OCCUPANCY RATIO IN OKPOKO URBAN AND REGIONAL PLANNING
ABSTRACT
The study was carried out on housing conditions and occupancy ratio in Okpoko urban and regional planning. The...
IMPACT OF TEACHING PRACTICE ON THE PRODUCTIVITY OF QUALITY TEACHERS
ABSTRACT
Teaching profession is one of many professions that specifically deals with the growth and dev...
PROBLEM AND PROSPECT OF MEDIA MANAGEMENT IN NIGERIA.
- BACKGROUND TO THE STUDY
In Nigeria today, many people believe in listening to electron...
NOVEL NATURAL LANGUAGE PROCESSING MODELS FOR MEDICAL TERMS AND SYMPTOMS DETECTION IN TWITTER
ABSTRACT
This dissertation focuses on disambiguation of language use on Twitter about drug use, consumption types of drugs, drug le...
