THE GROWTH, ROLE AND PERFORMANCE OF INSURANCE INDUSTRY IN DEVELOPING COUNTRY
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
Abstract
The main purpose of this research work is to examine the historical background of the Nigerian insurance industry with emphasis on the development of modern insurance industry in Nigeria, the role and performances of the insurance industry as well as the clarification of insurance business in Nigeria and to ascertain whether the growth of insurance industry has been consistent with the social economic development of the country. Examination of the scope and structure of the insurance industry as it may effect the growth and development of the country. The study adopted the ex-post facto research design and annualized cross sectional data for 26-year period 1987-2012 were collated from the Central Bank of Nigeria statistical Bulletin, National Insurance Commission and Nigerian Insurers Association. Four hypotheses were proposed and tested using the Ordinary Least Square (OLS) regression model. Descriptive statistics and graphs were also used to complement the regression results. The results emanating from this study indicate that while life insurance penetration and insurance density had positive and significant impact on economic growth in Nigeria, both total insurance penetration and non-life insurance penetration had positive but insignificant impact on economic growth in Nigeria under the period of this study. The study therefore recommends among others, that for the insurance industry in Nigeria to exert more positive impact on the Nigerian economy, government policies concerning insurance should focus more on attracting rural communities into the insurance bracket. This will assist at enhancing savings therefore providing funds for investment into the Nigerian real sector.
Related Project Materials
THE EFFECTS OF IMMUNIZATION AS IT AFFECTS CHILDREN HEALTH
ABSTRACT
This study was carried out on the effects of immunization as it affects children health. A cross-sectional survey was conducted...
STUDY ON THE REMEDY TO INFRASTRUCTURAL CHALLENGES VIA RENEWAL PROGRAMME IN NIGERIA
Abstract
This study is focused on A REMEDY TO INFRASTRUCTURAL CHALLENGES VIA RENEWAL PROGRAMME, A CASE STUDY OF LAGOS ME...
ASSESSMENT OF QUALITY CONTROL TECHNIQUE AND ITS IMPACT ON THE PROFITABILITY IN MANUFACTURING ORGANIZATIONS
BACKGROUND OF THE STUDY
The ultimate aim of any manufacturing company is the production of quality good...
SOCIO-RELIGIOUS DISCOURSE OF THE CONUNDRUMS OF TRADITIONAL EDUCATION IN CONTEMPORARY IGBO SOCIETY, NIGERIA
ABSTRACT
The socio-religious discourse of the conundrums of traditional education in contemporary Igbo society is based on the premise th...
THE TAX IMPLICATIONS OF EMPLOYEE STOCK OWNERSHIP PLANS (ESOPS)
Abstract: THE TAX IMPLICATIONS OF EMPLOYEE STOCK OWNERSHIP PLANS (ESOPS)
This study examines the tax implications of Employee Stock Owner...
MANAGEMENT ACCOUNTING TECHNIQUES IN MANUFACTURING FIRMS
ABSTRACT:- This project attempts to establish the vital role which management Accounting...
STUDENT PROJECT MANAGEMENT SYSTEM
Background of The Study
One of the recent advances in the world of information technology is the rapid development of co...
PURCHASING OF BANKING AND FINANCIAL SERVICE
ABSTRACT
This study was carried out on the purchasing of banking and financial services in Nigeria, using Eco Bank as ca...
IMPACT OF FAMILY SUPPORT ON ADULT EDUCATION SUCCESS
Abstract: The topic of this research is the impact of family support on adult education success. This study aimed to explore how support from...
THE EFFECT OF EXCHANGE RATE FLUCTUATION ON IMPORTED GOODS IN NIGERIA (A CASE STUDY OF TOYOTA NIGERIA LIMITED, LAGOS)
ABSTRACT
The major aim of this research work is to know the effects of exchange rate fluctuation on imported goods in Ni...
