MANAGEMENT OF LIFE ASSURANCE FUNDS IN THE NIGERIA INSURANCE INDUSTRY
ABSTRACT Insurance is one of the key sectors in the economic development of Nigeria. The insurance market is made up of sellers of the insurance products that are, the insurance companies who provide covers for various risks and the intermediaries namely insurance agents and brokers. Life assurance contracts are usually for much longer periods. Life funds are therefore accumulated to long-term liabilities. The main purpose of this study is to assess the management of life insurance funds usi...
IMPACTS OF CLAIM SETTLEMENTS ON PROFITABILITY IN THE NIGERIAN INSURANCE INDUSTRY
ABSTRACT In the past, insurance companies hardly thought of how best to manage genuine claims and this led to the creation of a bad image for the insurance industry. An increasing number of insurance companies in recent years coupled with the declining purchase of insurance policies has forced companies to work on better methods of managing claims. I delved into this study in order to aid readers identify some of the problems militating against adequate settlement of claims. The data used fo...