MANAGEMENT OF INSURANCE COMPANIES IN NIGERIA A CASE STUDY OF UNIC INSURANCE PLC

ABSTRACT

This research work was aimed at determining the impact on management of insurance companies in Nigeria with particular reference to UNIC INSURANCE PLC

A structured questionnaire made up of a little combination of some dictatorship and open ended questions was developed and distributed to a total of 80 male and female employees of UNIC INSURANCE PLC.

The data collected were analyzed using percentages, mean and rank order. Based on the above major findings include;

1,That the human and non-human resources available in the insurance company are not adequate.

2.That UNIC INSURANCEPLC has not experienced any form of friend.

3.Under interference and insanity of the job/position of supervisions affect the objetinty of their reports and recommendations.

4.That non-implementation of previous reports affect the function of supervisors.

Based on these findings, the following efficiency and effectiveness in the management of insurance companies.

a.That Insurance companies should use delegation as a supervisory strategy to be in professional touch with all the department in the insurance company.

b.A programme of in-service education and training should be given to staff on regular basis to enable them get abreact with the changing demand of time him.

c.Insurance companies should consistently organize seminars .Staff meeting, individual conferences, professional lectures and provision of office bulletins

d.Staff safety and welfare packages must be adequately assured for proper continuity.

TABLE OF CONTENT

Title pageii

Approval pageiii

Dedication.iv

Acknowledgementv

Abstractvi

Table of contentsviii

CHAPTER ONE

Introduction1

1.1Background of the study1

1.2Statement of problems3

1.3Purpose of the study4

1.4Test of Hypothesis5

1.5Significance of the study5

CHAPTER TWO

Review of related literature8

2.1insurance company organization8

2.2Under writing 11

2.3Theory of rating21

2.4Premium rating in non-life insurance23

2.5Premium change in life insurance25

2.6Sources of insurance company fund27

2.7The investment of insurance company fund30

2.8Insurance company account31

2.9Summary of the review literature32

CHAPTER THREE

Research methodology34

3.1Area of study34

3.2Population34

3.3Sample and sampling procedure34

3.4Instrument for data collection36

3.5Validation of research instrument 37

3.6Reliability of research instrument38

3.7Administration of the research instrument37

3.8Method of date analysis39

CHAPTER FOUR

Data presentation and results41

4.1Date presentation and analysis 41

CHAPTER FIVE

Discussion of results48

5.1Discussion of findings48

5.2Conclusion51

5.3Recommendation52

5.4Limitation of study54

Appendices 56

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APA

Ugwu, A. (2018). MANAGEMENT OF INSURANCE COMPANIES IN NIGERIA A CASE STUDY OF UNIC INSURANCE PLC. Afribary. Retrieved from https://afribary.com/works/management-of-insurance-companies-in-nigeria-a-case-study-of-unic-insurance-plc-8787

MLA 8th

Ugwu, Anderson "MANAGEMENT OF INSURANCE COMPANIES IN NIGERIA A CASE STUDY OF UNIC INSURANCE PLC" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/management-of-insurance-companies-in-nigeria-a-case-study-of-unic-insurance-plc-8787. Accessed 08 Dec. 2023.

MLA7

Ugwu, Anderson . "MANAGEMENT OF INSURANCE COMPANIES IN NIGERIA A CASE STUDY OF UNIC INSURANCE PLC". Afribary, Afribary, 29 Jan. 2018. Web. 08 Dec. 2023. < https://afribary.com/works/management-of-insurance-companies-in-nigeria-a-case-study-of-unic-insurance-plc-8787 >.

Chicago

Ugwu, Anderson . "MANAGEMENT OF INSURANCE COMPANIES IN NIGERIA A CASE STUDY OF UNIC INSURANCE PLC" Afribary (2018). Accessed December 08, 2023. https://afribary.com/works/management-of-insurance-companies-in-nigeria-a-case-study-of-unic-insurance-plc-8787

MANAGEMENT OF INSURANCE COMPANIES IN NIGERIA A CASE STUDY OF UNIC INSURANCE PLC

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