TABLES OF CONTENT
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
1.1 BACKGROUD OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.3 SCOPE OF THE STUDY
1.4 DEFINITION OF TERMS
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATION
2.1 MEANING OF INSURANCE
2.2 TYPES OF INSURANCE
2.3 ROLES AND IMPORTANCE OF INSURANCE INDUSTRY
2.4 SUMMARY OF RELATED LITERATURE
CHAPTER THREE
3.1 SUMMARY
3.2 FINDINGS
3.3 RECOMMENDATION
REFERENCE
CHAPTER ONE
1.0 INTRODUCTION
Insurance industry is a very vital aspect of Nigeria economy,
and its importance and roles can not be overemphasized, in this project work the researcher want to identify the history of insurance industry in the Nigerian economy and also the actual roles and the importance of insurance industry to the common man and the society at large, such roles and importance includes in every sector of the economy, like, the banking sector, Agricultural sector, aviation sector, Business sector etc.
The research work also treated the types of insurance industry in Nigeria, here the researcher compared it with the types operated overseas, and the method used to the standard. Also the project work, focused on the problem encountered by the industry and all the necessary measures that can be used to improve Nigeria insurance up to the world’s standards. Such problems are viz:
(a) Lack of government support;
(b) Illiteracy in the part of the common man, since Nigeria is still developing;
(c) Lack of adequate infrastructures etc. and the measures to solving them are:
i. public awareness campaign
ii. Adequate finding by the government
iii. Co-operation of the government and the insurance industry to help improve the economy etc.
1.1 BACKGROUND OF THE STUDY
The development of insurance industry, in Nigeria has passed
through three distinguishable phases: the initial open door phase, roughly between 1990 and 1960, the transitional phase which concludes with the first national development plan period, 1962 – 1969 and the take off phase (1990 to the present times), withness the toughening of the framework of government regulation and represents a radical change in government’s attitude toward the control the industry.
THE COLONIAL ERA:
There was when the insurance market were dominated with European companies who monopolies the insurance industry, during this early period, a number of factors did not ensure an active market. Economic activity is at low level, there was no insurance consciousness by the populace, due to non-existence of some legislation, like that of motor vehicle and other things, it made Nigerian market to grow in a low pace and also the third world war hindered the growth of the market.
After the war, Nigeria experienced a lot of improvement, and after that was the introduction of the worker’s compensation act of 1940 and the road traffic act of 1945 which came into force on 1stApril 1950. Due to the increase in insurance industry in Nigeria.
TRANSITIONAL PHASE:
This was after Nigeria had their, independent, there was a rapid increase in the number of company establishment, and an increase in insurance industries and some of the foreign companies were turned to indigenous companies. The first step was to regulate the operations of the insurance companies to ensure a sound and efficiency insurance market, which would not only discharge its duties to members of the insuring public but would constitute the solid foundation for future growth and development. It was also discovered that some of the insurance companies are not investing in Nigeria, because
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPORTANCE AND ROLES OF INSURANCE INDUSTRY IN NIGERIAN ECONOMY
TABLES OF CONTENT
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
1.1 BACKGROUD OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.3 SCOPE OF THE STUDY
1.4 DEFINITION OF TERMS
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATION
2.1 MEANING OF INSURANCE
2.2 TYPES OF INSURANCE
2.3 ROLES AND IMPORTANCE OF INSURANCE INDUSTRY
2.4 SUMMARY OF RELATED LITERATURE
CHAPTER THREE
3.1 SUMMARY
3.2 FINDINGS
3.3 RECOMMENDATION
REFERENCE
CHAPTER ONE
1.0 INTRODUCTION
Insurance industry is a very vital aspect of Nigeria economy,
and its importance and roles can not be overemphasized, in this project work the researcher want to identify the history of insurance industry in the Nigerian economy and also the actual roles and the importance of insurance industry to the common man and the society at large, such roles and importance includes in every sector of the economy, like, the banking sector, Agricultural sector, aviation sector, Business sector etc.
The research work also treated the types of insurance industry in Nigeria, here the researcher compared it with the types operated overseas, and the method used to the standard. Also the project work, focused on the problem encountered by the industry and all the necessary measures that can be used to improve Nigeria insurance up to the world’s standards. Such problems are viz:
(a) Lack of government support;
(b) Illiteracy in the part of the common man, since Nigeria is still developing;
(c) Lack of adequate infrastructures etc. and the measures to solving them are:
i. public awareness campaign
ii. Adequate finding by the government
iii. Co-operation of the government and the insurance industry to help improve the economy etc.
1.1 BACKGROUND OF THE STUDY
The development of insurance industry, in Nigeria has passed
through three distinguishable phases: the initial open door phase, roughly between 1990 and 1960, the transitional phase which concludes with the first national development plan period, 1962 – 1969 and the take off phase (1990 to the present times), withness the toughening of the framework of government regulation and represents a radical change in government’s attitude toward the control the industry.
THE COLONIAL ERA:
There was when the insurance market were dominated with European companies who monopolies the insurance industry, during this early period, a number of factors did not ensure an active market. Economic activity is at low level, there was no insurance consciousness by the populace, due to non-existence of some legislation, like that of motor vehicle and other things, it made Nigerian market to grow in a low pace and also the third world war hindered the growth of the market.
After the war, Nigeria experienced a lot of improvement, and after that was the introduction of the worker’s compensation act of 1940 and the road traffic act of 1945 which came into force on 1stApril 1950. Due to the increase in insurance industry in Nigeria.
TRANSITIONAL PHASE:
This was after Nigeria had their, independent, there was a rapid increase in the number of company establishment, and an increase in insurance industries and some of the foreign companies were turned to indigenous companies. The first step was to regulate the operations of the insurance companies to ensure a sound and efficiency insurance market, which would not only discharge its duties to members of the insuring public but would constitute the solid foundation for future growth and development. It was also discovered that some of the insurance companies are not investing in Nigeria, because
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPORTANCE AND ROLES OF INSURANCE INDUSTRY IN NIGERIAN ECONOMY
TABLE OF CONTENT
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
1.1 BACKGROUD OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.3 SCOPE OF THE STUDY
1.4 DEFINITION OF TERMS
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATION
2.1 MEANING OF INSURANCE
2.2 TYPES OF INSURANCE
2.3 ROLES AND IMPORTANCE OF INSURANCE INDUSTRY
2.4 SUMMARY OF RELATED LITERATURE
CHAPTER THREE
3.1 SUMMARY
3.2 FINDINGS
3.3 RECOMMENDATION
REFERENCE
CHAPTER ONE
1.0 INTRODUCTION
Insurance industry is a very vital aspect of Nigeria economy,
and its importance and roles can not be overemphasized, in this project work the researcher want to identify the history of insurance industry in the Nigerian economy and also the actual roles and the importance of insurance industry to the common man and the society at large, such roles and importance includes in every sector of the economy, like, the banking sector, Agricultural sector, aviation sector, Business sector etc.
The research work also treated the types of insurance industry in Nigeria, here the researcher compared it with the types operated overseas, and the method used to the standard. Also the project work, focused on the problem encountered by the industry and all the necessary measures that can be used to improve Nigeria insurance up to the world’s standards. Such problems are viz:
(a) Lack of government support;
(b) Illiteracy in the part of the common man, since Nigeria is still developing;
(c) Lack of adequate infrastructures etc. and the measures to solving them are:
i. public awareness campaign
ii. Adequate finding by the government
iii. Co-operation of the government and the insurance industry to help improve the economy etc.
1.1 BACKGROUND OF THE STUDY
The development of insurance industry, in Nigeria has passed
through three distinguishable phases: the initial open door phase, roughly between 1990 and 1960, the transitional phase which concludes with the first national development plan period, 1962 – 1969 and the take off phase (1990 to the present times), withness the toughening of the framework of government regulation and represents a radical change in government’s attitude toward the control the industry.
THE COLONIAL ERA:
There was when the insurance market were dominated with European companies who monopolies the insurance industry, during this early period, a number of factors did not ensure an active market. Economic activity is at low level, there was no insurance consciousness by the populace, due to non-existence of some legislation, like that of motor vehicle and other things, it made Nigerian market to grow in a low pace and also the third world war hindered the growth of the market.
After the war, Nigeria experienced a lot of improvement, and after that was the introduction of the worker’s compensation act of 1940 and the road traffic act of 1945 which came into force on 1stApril 1950. Due to the increase in insurance industry in Nigeria.
TRANSITIONAL PHASE:
This was after Nigeria had their, independent, there was a rapid increase in the number of company establishment, and an increase in insurance industries and some of the foreign companies were turned to indigenous companies. The first step was to regulate the operations of the insurance companies to ensure a sound and efficiency insurance market, which would not only discharge its duties to members of the insuring public but would constitute the solid foundation for future growth and development. It was also discovered that some of the insurance companies are not investing in Nigeria, because
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPORTANCE AND ROLES OF INSURANCE INDUSTRY IN NIGERIAN ECONOMY
TABLE OF CONTENT
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
1.1 BACKGROUD OF THE STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVE OF THE STUDY
1.3 SCOPE OF THE STUDY
1.4 DEFINITION OF TERMS
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATION
2.1 MEANING OF INSURANCE
2.2 TYPES OF INSURANCE
2.3 ROLES AND IMPORTANCE OF INSURANCE INDUSTRY
2.4 SUMMARY OF RELATED LITERATURE
CHAPTER THREE
3.1 SUMMARY
3.2 FINDINGS
3.3 RECOMMENDATION
REFERENCE
CHAPTER ONE
1.0 INTRODUCTION
Insurance industry is a very vital aspect of Nigeria economy,
and its importance and roles can not be overemphasized, in this project work the researcher want to identify the history of insurance industry in the Nigerian economy and also the actual roles and the importance of insurance industry to the common man and the society at large, such roles and importance includes in every sector of the economy, like, the banking sector, Agricultural sector, aviation sector, Business sector etc.
The research work also treated the types of insurance industry in Nigeria, here the researcher compared it with the types operated overseas, and the method used to the standard. Also the project work, focused on the problem encountered by the industry and all the necessary measures that can be used to improve Nigeria insurance up to the world’s standards. Such problems are viz:
(a) Lack of government support;
(b) Illiteracy in the part of the common man, since Nigeria is still developing;
(c) Lack of adequate infrastructures etc. and the measures to solving them are:
i. public awareness campaign
ii. Adequate finding by the government
iii. Co-operation of the government and the insurance industry to help improve the economy etc.
1.1 BACKGROUND OF THE STUDY
The development of insurance industry, in Nigeria has passed
through three distinguishable phases: the initial open door phase, roughly between 1990 and 1960, the transitional phase which concludes with the first national development plan period, 1962 – 1969 and the take off phase (1990 to the present times), withness the toughening of the framework of government regulation and represents a radical change in government’s attitude toward the control the industry.
THE COLONIAL ERA:
There was when the insurance market were dominated with European companies who monopolies the insurance industry, during this early period, a number of factors did not ensure an active market. Economic activity is at low level, there was no insurance consciousness by the populace, due to non-existence of some legislation, like that of motor vehicle and other things, it made Nigerian market to grow in a low pace and also the third world war hindered the growth of the market.
After the war, Nigeria experienced a lot of improvement, and after that was the introduction of the worker’s compensation act of 1940 and the road traffic act of 1945 which came into force on 1stApril 1950. Due to the increase in insurance industry in Nigeria.
TRANSITIONAL PHASE:
This was after Nigeria had their, independent, there was a rapid increase in the number of company establishment, and an increase in insurance industries and some of the foreign companies were turned to indigenous companies. The first step was to regulate the operations of the insurance companies to ensure a sound and efficiency insurance market, which would not only discharge its duties to members of the insuring public but would constitute the solid foundation for future growth and development. It was also discovered that some of the insurance companies are not investing in Nigeria, because
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPORTANCE AND ROLES OF INSURANCE INDUSTRY IN NIGERIAN ECONOMY