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 IMPACT OF STAFF TRAINING AND DEVELOPMENT IN TERTIARY INSTITUTIONS
Abstract
This research work is poised to look into the Impact of Staff Training and Development in Tert...
EVALUATION OF PRINCIPALS COMMUNICATION STYLES AND TEACHERS’ JOB PERFORMANCE IN JUNIOR SECONDARY SCHOOLS
Background to the Study
Educational leadership is changing dramatically in the modern day as a result of a variety of va...
THE USE OF TRADITIONAL MEDICINE IN THE TREATMENT OF MALARIA AMONG PREGNANT WOMEN
ABSTRACT
This study was carried out to examine the use of traditional medicine in the treatment of malaria among pregnan...
EXAMINING FINANCIAL CRIMES AND THE ROLE OF FORENSIC ACCOUNTING METHODOLOGIES
Abstract: EXAMINING FINANCIAL CRIMES AND THE ROLE OF FORENSIC ACCOUNTING METHODOLOGIES
This study examines the role of forensic accountin...
AN APPRAISAL OF THE ROLE OF TRADE UNIONISM UNDER NIGERIAN LAW: A CASE STUDY OF THE NIGERIA LABOUR CONGRESS
ABSTRACT
The writer was motivated to write on the subject of unionism with reference to the Nigeria Labour Congress owing to criticisms l...
AN ASSESSMENT OF PUBLIC SECTOR FINANCIAL MANAGEMENT AND ACCOUNTABILITY
AN ASSESSMENT OF PUBLIC SECTOR FINANCIAL MANAGEMENT AND ACCOUNTABILITY
ABSTRACT
This study assesses public sec...
THE IMPLICATION OF RITUALISM ON MORAL DEVELOPMENT OF NIGERIAN YOUTHS
Background of the study
Moral education is an issue that is currently being widely discussed as a resul...
ASSESSMENT OF THE USE, COMPETENCE OF TEACHERS AND STUDENTS IN INFORMATION AND COMMUNICATION TECHNOLOGY IN TERTIARY INSTITUTIONS IN KADUNA STATE, NIGERIA
ABSTRACT
This research work assessed teacher and students‘ competence and the use of Information Communication Technology in Tertia...
PROBLEMS OF FEMALE SECRETARIES IN BUSINESS ORGANIZATIONS (A Case Of NEPA)
ABSTRACT
This research work is aimed at defining the PROBLEMS OF FEMALE SECRETARIES IN BUSINESS ORGANIZATIONS A CASE OF...
FINANCIAL MANAGEMENT PRACTICE AND PERFORMANCE OF SMEs IN NIGERIA
ABSTRACT
The survey research design was adopted to determine whether the financial management practices of small firms i...
