THE MANAGEMENT OF INSURANCE RISKS IN NIGERA: THE CASE FOR REINSURANCE

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Date
1998-07
Authors
ISHAKU, AHMED PAIKO
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Abstract
The Insurance industry is a major component of the economy by virtue of the amount of premiums it collects from its policy holders, the scale of its investments to the Nigerian economy and more fundamentally, the essential social and economic role it plays by covering personal and business risks in Nigeria. Though, the impacts of insurance business on the economic development of Nigeria did not become noticeable until after Nigeria's independence in 1960, it has since developed into one of thee major Nonbank financial industries in the country. However, despite the enormous contribution of this key financial sector towards the economic development of Nigeria over the year and its potentialities for future development, it is quite discouraging to note that the widespread criticisms on the insurance practices has inhibit its effective marketing. This research project is therefore aimed at broadening the relevance of the insurance industry and the management of insurable risks to individuals and corporate organisations, its contribution to the economic development of Nigeria, Investment and management of insurance funds, promoting insurance awareness and the manpower development of the industry. The research finding will also focus on the various insurance covers provided, the management of risks, the ceding of risks to reinsurance and reinsurance, factor affecting insurance marketing, measures taken to regulate and control the industry and problems and prospects of the insurance industry in Nigeria with a view to making some acceptable recommendations towards the greater development of Insurance industry in Nigeria.
Description
BEING A PROJECT SUBMITTED TO THE POST - GRADUATE SCHOOL, AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINTRATION (MBA) JULY, 1998
Keywords
MANAGEMENT,, INSURANCE RISKS,, NIGERA:,, REINSURANCE.
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