TOPICS

Background to the study

Shipping has been around for almost 5000 years, with the earliest known marine commerce network connecting Mesopotamia, Bahrain, and the Indus River. Shipping is always evolving, and today's shipping is very different from wh...

Background of the Study

The history of insurance industry in Nigeria according to Augustine and Brennan(2012) could be traced to the British colonial trading companies that established agency offices in Nigeria, on behalf of insurance companies in UK. A...

BACKGROUND OF THE STUDY

Fraud can be described as a conscious premeditated action of a person or group of persons with the intention of altering the truth or fact for selfish personal monetary gain.  It involves the use of deceit and trick and some...

​​​​​​​BACKGROUND OF THE STUDY

Insurance is a safe-guard against risks. Any device aimed at reducing the chances of a risk occurring, when it happens, reducing the extent of its damage and providing the affected persons with compensation is a form of in...

Background Of The Study

In the context of human beings, "health information" refers to the knowledge, facts, and news that are created from a variety of sources that are required for humans to be in excellent physical and mental condition. It...

ABSTRACT

This study was intended to study credit risk modeling techniques for life insurers. This study was guided by the following objectives; to know the best techniques of credit risk modeling for life insurers. To examine the impact of credit risks...

ABSTRACT

A close look at the Nigeria insurance market indicate that the sale and purchase of term, assurance policy is declining.  And this decline was assumed an unpro-portinate dimension since the Nigerian’s independence in 1969, hence it c...

BACKGROUND TO THE STUDY

Insurance is a provision of a system of compensation for loss, damage, sickness, death and other unbearable circumstances in return for regular payment of a pre-determined premium (Ekanem, 2011). Insurance companies are important for both busines...

GENERAL OVERVIEW OF THE STUDY

The uncertainty which doubt the future is a significant that normally bring in the element of risk in any business arrangement. The existence of risk in any concern simply means that certain loss must arise if the risky event happens. A con...

BACKGROUND TO THE STUDY

Insurance is a provision of a system of compensation for loss, damage, sickness, death and other unbearable circumstances in return for regular payment of a pre-determined premium. Insurance companies are important for both businesses and individ...

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...

1. INTRODUCTION

Risk and uncertainty are incidental to life. Man may meet untimely death. He may suffer from accident, destruction of property, fire, floods, earthquakes and other natural calamities. Whenever there is uncertainty, there is risk...

BACKGROUND TO THE STUDY

Insurance is a provision of a system of compensation for loss, damage, sickness, death and other unbearable circumstances in return for regular payment of a pre-determined premium (Ekanem, 2011). Insurance companies are important for both businesses and individua...

1. 1. BACKGROUND OF THE STUDY

“Risk is a phenomenon which has been in existence since the beginning of the world. Risk exists whenever the future is unknown” (Lemon 198...

Background of the Study

The insurance sector plays a crucial role in the Nigerian economy by providing risk management solutions for individuals and businesses, which is particularly important given the country's economic volatility. Risk management in insurance is the process of id...

Background of the Study

Risk management is a cornerstone of the insurance industry, ensuring the identification, assessment, and mitigation of financial uncertainties. Nigerian insurance companies, like Leadway Assurance, face challenges ranging from economic volatility...

Background of the Study

Insurance penetration in Nigeria remains low compared to global averages, despite the sector's potential for economic stabilization and risk mitigation. A major barrier to insurance uptake is the lack of financial education among consumers, r...

Background of the Study

Financial stability is essential for the survival and growth of insurance firms, enabling them to meet policyholder obligations and withstand economic shocks. In Nigeria, firms like AIICO Insurance are pivotal in providing financial protection an...

Background of the Study

The Nigerian insurance industry, like many others globally, is increasingly turning to business analytics to gain a competitive edge. Business analytics, encompassing data mining, predictive analytics, and business intelligence, helps insurers as...

Background of the Study
Agricultural insurance serves as a safety net for farmers, protecting them against losses due to adverse weather, pests, and market fluctuations. In Nigeria, where agriculture is vulnerable to climate variability and unpredictable e...

Background of the Study
Nigeria, with its diverse geography and climatic variability, faces frequent natural calamities such as floods, droughts, and storms that disrupt economic activities and devastate infrastructure. In this context, natural catastrophe insurance emerg...

Background of the Study
Customer satisfaction is a key determinant of success in the competitive Nigerian insurance market. Central to achieving high satisfaction levels is the efficiency and transparency of the insurance claim process. Over the past decade, the insurance...

Background of the Study
The development of the insurance market in Nigeria is inextricably linked to the regulatory environment governing the industry. Regulatory policies are designed to protect consumers, ensure fair competition, and promote the stability and growth of...

Background of the Study
In recent years, the Nigerian insurance industry has undergone a series of reforms aimed at modernizing operations, enhancing transparency, and increasing competitiveness. These reforms, which include adjustments to regulatory frameworks, capital r...

Background of the Study
Economic uncertainty in Nigeria—characterized by fluctuating exchange rates, volatile oil prices, and unpredictable fiscal policies—has increasingly affected the insurance sector. As a critical component of the financial system, the ins...

Background of the Study
Digital insurance platforms have emerged as a transformative force in the Nigerian insurance industry, offering enhanced accessibility, improved customer service, and streamlined operations. With increasing internet penetration and mobile technolog...

Background of the Study
Insurance penetration plays a crucial role in providing households with financial protection against unforeseen events such as illness, property damage, or natural disasters. In Nigeria, where a significant portion of the population faces economic...

Background of the Study
Insurance regulations are fundamental to ensuring market stability and consumer protection in the insurance sector. In Nigeria, evolving regulatory frameworks have been introduced to address market inefficiencies, enhance transparency, and promote...

Background of the Study
Reinsurance, the practice of transferring portions of risk from primary insurers to other companies, plays a critical role in enhancing the stability of the financial sector. In Nigeria, the reinsurance market serves as a safety net that helps insu...

Background of the Study (400 words)
Nigeria’s insurance industry has experienced significant transformation over the past decade, driven primarily by product innovation. As market demands shift and consumer awareness increases, insurance companies have introduced div...

Background of the Study (400 words)
Insurance awareness campaigns have emerged as a pivotal tool for enhancing market growth in Nigeria. Historically, low levels of insurance penetration have been attributed to limited public knowledge about the benefits and operations of...

Background of the Study (400 words)
Insurance penetration is increasingly recognized as a key driver of economic development, serving as a mechanism for risk sharing, capital mobilization, and financial stability. In Nigeria, where economic growth is challenged by market v...

Background of the Study
Insurance fraud poses a significant threat to the integrity and financial stability of the insurance sector. In Nigeria, where the industry is still evolving, the prevalence of fraudulent claims and deceptive practices undermines consumer confidence...

Background of the Study (400 words)
Reinsurance treaties serve as a critical risk transfer mechanism for insurance companies, enabling them to spread risk and enhance market resilience. In Nigeria, where the insurance market is often characterized by high-risk exposure and...

Background of the Study (400 words)
The liberalization of the insurance market represents a significant policy shift aimed at enhancing competition, fostering innovation, and ultimately driving economic development. In Nigeria, market liberalization has been pursued as a s...