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COMPARATIVE ANALYSIS OF AMOUNT OF PREMUIM PAID AND CLAIMS SETTLED ON FIRE, LIFE AND MOTOR POLICIES
[A CASE OF KWARA INSURANCE BROKER LIMITED, KWARA STATE] -
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- Contributor: projectwaka
- engagements: 131
- Case No: 615684pw
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ABSRACT - [ Total Page(s): 1 ]This project is on comparative analysis of amount of premium paid and claims settled on fire, motor and life policies in Kwara Insurance Broker’s Limited, Ilorin from 1996-2005 was aimed to analysis the trend of insurance in Nigeria as regards to the three policies mentioned above regression analysis and correlation was use to analyse the data. Sequences to the analysis carried out, it revealed that the amount of claims settled does not depend on the amount of premium paid. The life policy which shows that no awareness is being created to prevail its importance. It can be seen from the three
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CHAPTER ONE - [ Total Page(s): 1 ]1.0 INTRODUCTIONWe can define insurance in two major contexts as an economic or social institution designed to perform certain function and as a legal contact between two parties. It can also be defined as a pool of risk whereby the unfortunate ones are being compensated. There unfortunate few who funds themselves victims of loss of properties or accident.It is not only for the private ones but also for the commercial and industrial concern. It is carried out all over the word.The practice, organization and management of insurance in modern items came with the advert of the colonialist. The ma ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]This project is on comparative analysis of amount of premium paid and claims settled on fire, motor and life policies in Kwara Insurance Broker’s Limited, Ilorin from 1996-2005 was aimed to analysis the trend of insurance in Nigeria as regards to the three policies mentioned above regression analysis and correlation was use to analyse the data. Sequences to the analysis carried out, it revealed that the amount of claims settled does not depend on the amount of premium paid. The life policy which shows that no awareness is being created to prevail its importance. It can be seen from the three
... Continue Reading
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