THE ROLE OF INSURANCE COMPANIES IN NIGERIA ECONOMIC DEVELOPMENT (#8526)

ABSTRACT This project is on the role of insurance companies in Nigeria economic development. The insurance industry, from all indication plays a vital role in Nigeria economic development as well as in the problem of risk management in Nigeria. It is very obvious that the majority of the public who are ignorant of the contributions made by the insurance industry have more faith in the banking and other financial institution but these people forget the fact that the banking institution acknowledges the fact that the insurance companies contribute significantly to the development of the economy of the nation.   Chapter two is the review of related literature the most prominent among there were the extended family system the age grade association and the provide some kind of insurance covers to their member especially during adverse period.    Chapter three is a research design and methodology as this project work is done on secondary data only.  And chapter four is the findings that from the research and finding are that insurance companies settle more loss claim now than before. Chapter five is the conclusion and recommendation. 
TABLE OF CONTENTS                                   TITLE PAGE                                                        DEDICATION                                                        ACKNOWLEDGEMENT                                        INTRODUCTION                                                       ABSTRACT                                                                  TABLE OF CONTENTS                                                CHAPTER ONE 1.0INTRODUCTION AND BACKGROUND OF THE STUDY        1.1STATEMENT OF THE PROBLEM                                      1.2PURPOSE /OBJECTIVE OF THE STUDY                           1.3SIGNIFICANCE OF THE STUDY                                        1.4LIMITATION OF THE STUDY                                            1.5REFERENCES                                                                         CHAPTER TWO 2.0LITERATURE REVIEW                                                                  2.1THEIR ROLES IN DEVELOPMENT OF OUR NATION ECONOMY                                                             2.2DIFFERENT CLASSES OF INSURANCE AND THEIR CONTRIBUTION IN ECONOMIC DEVELOPMENT                2.3REFERENCES                                                                                CHAPTER THREE 3.0. RESEARCH DESIGN AND METHODOLOGY                         3.1 SOURCES OF DATA                                                                    3.2 LOCATION OF DATA                                                                  3.3 METHOD OF DATA COLLECTION AND METHODOLOGY OF INVESTIGATION                                                                           CHAPTER FOUR 4.0. FINDINGS                                                                                       CHAPTER FIVE 5.0 CONCLUSION AND RECOMMENDATION                               5.1 RECOMMENDATION                                                                   BIBLIOGRAPHY