0704-883-0675     |      dataprojectng@gmail.com

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.




FIND OTHER RELATED TOPICS


Related Project Materials

COVID-19 AND VIRTUAL LEARNING ON ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS  

ABSTRACT

This study examined the covid-19 and Virtual Learning on the academic performance of students using GreenSp...

Read more
CHILD HAWKING AND ITS IMPLICATIONS TO THE PEACE AND SECURITY IN NIGERIA

BACKGROUND OF THE STUDY

It is generally regarded as a social pathology and a threat to nation security...

Read more
EVALUATION OF THE PROCEDURE FOR RECRUITMENT, SELECTION, PLACEMENT AND PROMOTION OF STAFF IN THE MINISTRY OF EDUCATION IN NASARAWA STATE, NIGERIA

ABSTRACT

This study focused on Evaluation of the Procedure for Recruitment, Selection, Placement and Promotion of Staff in the Ministry o...

Read more
THE DESIGN AND IMPLEMENTATION OF AN E-LEARNING SYSTEM (A Case Study of Kaduna State Polytechnic)

ABSTRACT

In today's world, the masses, particularly students, find it difficult to understand or comprehend what they are being taugh...

Read more
THE IMPACT OF LIFELONG LEARNING POLICIES ON VOCATIONAL WORKFORCE READINESS

ABSTRACT: This study examines the impact of lifelong learning policies on workforce readiness among vocational graduates, emphasizing the need...

Read more
THE EFFECT OF CLASS SIZE AND OVER POPOLATION ON THE ACADEMIC PERFORMANCE OF SECONDARY SCHOOL STUDENTS

ABSTRACT

This research was performed to examine the influence of class room size on academic performance of secondary sc...

Read more
A STUDY ON AUDIENCE PERCEPTION OF THE MEDIA IN MOBILIZING WOMEN FOR POLITICAL PARTICIPATION

Background to the Study

Purdar is a very harsh kind of rejection of women's participation rights. W...

Read more
ANTIFUNGAL ACTIVITY OF LOCALLY MADE SOAP ON DERMATOPHYTES ISOLATED FROM BARBING EQUIPMENT

ABSTRACT

The comparative study on the effect of the locally made black soap and Dudu osun soap on dermatophytes isolated...

Read more
AN EXAMINATION OF TAX IMPLICATIONS OF EMPLOYEE BENEFITS AND PERKS

Abstract: AN EXAMINATION OF TAX IMPLICATIONS OF EMPLOYEE BENEFITS AND PERKS

This study examines the tax implications of employee benefits...

Read more
THE ROLE OF TRANSACTIONAL LEADERSHIP IN ACHIEVING BUSINESS GOALS

THE ROLE OF TRANSACTIONAL LEADERSHIP IN ACHIEVING BUSINESS GOALS

This study explores...

Read more
Share this page with your friends




whatsapp