EFFECTS OF RISK MANAGEMENT PRACTICES ON THE PERFORMANCE 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
Risk if not well managed could lead to collapse for most organisations especially those whose core business deals with day to day handling of risk. Risk management should, therefore, be at the core of an organization’s operations by integrating risk management practices into processes, systems and culture of the entire organization. This involves identifying and analysing risks, developing and implementing risk handling techniques and monitoring the progress of these in order to avoid and/or reduce the impact of risk on the financial performance of the firm. The objective of the study was to establish the effect of risk management practices adopted by Nigerian insurance companies on the financial performance of these companies. The study used both primary and secondary data. Primary data was collected through questionnaires eliciting response from the selected respondents. Secondary data was collected by use of desk search techniques from published reports as well as data from financial statements maintained by the organizations. The results were presented using tables and charts. The study established that a majority of insurance companies in Nigeria had adopted risk management practices in their operations and that this had a strong effect on their financial performance. Risk identification was found to be the most significant in influencing financial performance, followed by risk mitigation, risk management program implementation & monitoring and risk assessment & measurement respectively. This study concludes that there is a positive relationship between the adoption of risk management practices and the financial performance of insurance companies in Nigeria.
Related Project Materials
EFFECTS OF FERTILIZER TYPE AND HARVESTING TIME ON YIELD OF CASSAVA (Manihot esculenta Crantz) IN IBADAN, NIGERIA
ABSTRACT
Cassava productivity is limited by soil fertility status and maturity period. Frequently used mineral fertilizer is expensive an...
INCOME TAX EVASION AND AVOIDANCE THEIR CAUSES AND REMEDIES NIGERIA
ABSTRACT
Revenue generation of our country is mostly based on the income derived from tax, which can either be direc...
PERCEPTION AND ATTITUDE OF MEN TOWARDS INFERTILITY AMONG INDIVIDUALS IN THE COMMUNITY
Background Of The Study
Reproduction is known as an essential human desire so that infertility may caus...
EXAMINING THE IMPACT OF EARLY CHILDHOOD EDUCATION ON COMMUNITY HEALTH
ABSTRACT: This study examined the Impact of Early Childhood Education on Community Health. The objectives of...
PROBLEMS FACED BY TEACHERS IN TEACHING LITERATURE IN SENIOR SECONDARY SCHOOL
ABSTRACT
The study examined the problems facing English teachers in teaching literature in English in Nigerian senior secondar...
SUSTAINING NIGERIAN FIRMS THROUGH STRATEGIC ALLIANCE IN THE EMERGING COMPETITIVE BUSINESS ENVIRONMENT
ABSTRACT
This research work is focused on “Sustaining Nigerian firms through strategic alliance in the e...
ASSESSMENT OF SIWES RELEVANCE TO BUSINESS EDUCATION PROGRAMME OBJECTIVES
Abstract
This study is on the assessment of SIWES relevance to business education programme objectives. The total popula...
HUMAN RIGHTS ABUSES IN THE NIGERIAN PRISON SYSTEM: A CASE STUDY OF NIGER STATE PRISON
ABSTRACT
Prisoners in Nigeria are often perceived and categorized as “outcast”. The belief of many is that, once you are a pr...
CAUSES AND EFFECT OF POOR NUTRITION ON CHILDREN UNDER THE AGE OF 15 YEARS: A CASE STUDY OF EGOR LOCAL GOVERNMENT AREA OF EDO STATE
ABSTRACT
In this study attempt has been made highlighting the effect of poor nutrition affecting children under the age...
DEVELOPMENT AND ACCEPTABILITY OF NATURAL AND SYNTHETIC LEATHER WORKS FOR INTERIOR DECORATION IN KANO STATE, NIGERIA
ABSTRACT
This study was on development and acceptability of natural, synthetic and mixed leatherworks for interior decoration in Kano Sta...
