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The Management Of Insurance Companies Towards The Development Of Business Enterprises
[A CASE STUDY OF ROYAL EXCHANGE ASSURANCE NIG. PLC.KANO STATE]
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1.2 STATEMENT OF THE PROBLEM
Owing to the negative factions
surrounding the insurance industry in Nigeria, the activities of the
industry have been subjected to various criticisms of those negative
factions. We can identify good number of problems. Therefore, the
statement of this problem of this study could be obtained based on the
observation and critical analysis of the industry. Non payments of
claims in the industry have become a faction that negatives the
performance of the industry. Despite the factor, insurance company
collect premium from their clients.
Another is the issue of
inadequate capital and investment to put the company in a more favorable
condition to meet their demand of their clients.
Often business
organization in the country that rely on the insurance companies realize
they are in the case were they incurred losses which have been insured
barely affect the business.
1.3 OBJECTIVE OF THE STUDY
As a
general rule, there are hardly any differences between the aims and
objectives of the insurance in Africa from those of similar ones
operating elsewhere in the world. A brief examination of the aims of a
typical insurance emphasizing those features that would be OD special
interest to the prop actors and managers of insurance company in
Africa will be useful. The objective of an insurance company may be summarized as follows;-
1. To sell insurance cover to insurance consumers.
2. To settle all genuine claim family land promptly in accordance with law and be formed relevant insurance policy.
3.
To run business or organization in such a way that it produce a fair to
the shareholders who funded that capital with which the business was
established.
In moving forward these basic objectives, the prop
actor and managers of the insurance company have certain responsibility
to different group and making their decision they must bear in mind and
protect the interest of each group, these groups are;-
i. The policy holders.
ii. The shareholders.
iii. The workers and staffs.
iv. The Nation and the society.
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
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ABSRACT - [ Total Page(s): 1 ]This project work titled ‘’the management of insurance company towards the development of business enterprises’’ a case Study of Royal exchange assurance Nig. Plc. Kano. This research work intends to survey the role and the concept of insurance companies in business and in the sustainability of business enterprises in Nigeria. The researcher adopted a descriptive method of survey; the sample method use was sampling method. Both primary and secondary sources of data wer ... Continue reading---
