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 5000
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 Evaluation of Nurses’ Adherence to CPR Protocols in Emergency Departments at Federal Medical Centre, Gombe
Background of the Study
Cardiopulmonary resuscitation (CPR) is a critical emergency procedure performed to preserve brain function and ma...
The Use of Photography in Advocacy for Improved Rural Healthcare in Jama'are Local Government Area, Bauchi State
Chapter One: Introduction
The effect of informal education on school dropout reduction among secondary school students in Yola North Local Government Area, Adamawa State
Background of the study
School dropout remains a critical issue in many communities, with long-term consequences on indivi...
An appraisal of monetary policy’s impact on financial market stability in Nigeria: A study of the CBN
Background of the Study :
Monetary policy plays a critical role in maintaining financial market stability by regulating money supply, int...
ORGANIZATIONAL ACTIVITIES OF THE CIVIL SERVICE AND ITS EFFECTIVE UTILIZATION OF HUMAN RESOURCES MATERIAL
ABSTRACT
This study was carried out on organizational activities of the civil service and its effective utilization of h...
An Assessment of Malnutrition Among Children Under Five in Kano State
Background of the Study
Malnutrition remains a significant public health challenge in Nigeria, particularly among children under five. It...
An inquiry into digital influencer authenticity on market trust: A study of a beauty brand in Abuja, Nigeria
Background of the study
Digital influencer authenticity is a crucial factor in shaping market trust, particularly within...
An investigation of enforcement of banking policies on market integrity: a case study of Union Bank of Nigeria
Background of the Study
The enforcement of banking policies plays a pivotal role in maintaining market integrity and ensur...
AN ASSESSMENT OF PRE-PRIMARY SCHOOL EDUCATION ON PRIMARY SCHOOL PUPILS’ PERFORMANCE
Background to the Study.
Early childhood education is largely a post-colonial development. The semblanc...
EFFECTIVENESS OF CREDIT ADMINISTRATION AND CONTROL IN NIGERIA INDUSTRY (A CASE STUDY FIRST BANK OF NIGERIA PLC. ENUGU.)
BACKGROUND OF THE STUDY
Credit management in our banking sector today has taken a different dimension from what it used...
