THE ROLE OF INSURANCE COMPANIES IN NIGERIAN ECONOMIC DEVELOPMENT

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INTRODUCTION

Insurance has been defined as an economic device whereby the risk of people and economic enterprises are transferred from an individual to a group. In the process, the individual pay’s a fee known as the premium to the group for the assumption of risk. In the evidence of the contract of risk assumption, the group issued a document known as the insurance policy to the individual.

TABLE OF CONTENTS

Cover page

Title page

Approval page

Dedication

Acknowledgement

Table of contents

CHAPTER ONE

Introduction

1.1Background of the study

1.2Statement of problems

1.3Objective of study

1.4Significance of the study

CHAPTER TWO

LITERATURE REVIEW

2.1The major development within the insurance industry in Nigeria in the most recent past.

2.2The roles in the development of our national economy

2.3Different classes of insurance and their contribution in economic development

2.4The role of insurance as regard to other financial institutions

2.5The performance of insurance companies in the field of claim settlement and risk management

2.6The role of NICON and some other insurance companies

2.7The problems facing insurance in Nigeria

2.8Solution to insurance problem in Nigeria

CHAPTER THREE

3.1Summary

3.2Conclusion

3.3Recommendation

3.4References

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THE ROLE OF INSURANCE COMPANIES IN NIGERIAN ECONOMIC DEVELOPMENT

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