Claims management and profitability of insurance companies in nigeria | Blazingprojects Postgraduate Thesis
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Claims management and profitability of insurance companies in nigeria

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of Study
  • 1.3Problem Statement
  • 1.4Objective of Study
  • 1.5Limitation of Study
  • 1.6Scope of Study
  • 1.7Significance of Study
  • 1.8Structure of the Research
  • 1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Claims Management
  • 2.2Importance of Claims Management in Insurance
  • 2.3Factors Affecting Claims Management
  • 2.4Profitability in the Insurance Industry
  • 2.5Relationship between Claims Management and Profitability
  • 2.6Best Practices in Claims Management
  • 2.7Case Studies on Claims Management and Profitability
  • 2.8Technology and Claims Management
  • 2.9Challenges in Claims Management
  • 2.10Future Trends in Claims Management

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Methodology Overview
  • 3.2Research Design
  • 3.3Data Collection Methods
  • 3.4Sampling Techniques
  • 3.5Data Analysis Methods
  • 3.6Questionnaire Design
  • 3.7Ethical Considerations
  • 3.8Limitations of the Methodology

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Data Analysis and Interpretation
  • 4.2Overview of the Sample Population
  • 4.3Claims Management Practices in Selected Insurance Companies
  • 4.4Profitability Analysis of the Insurance Companies
  • 4.5Correlation Analysis between Claims Management and Profitability
  • 4.6Comparison with Industry Benchmarks
  • 4.7Discussion on Findings
  • 4.8Recommendations for Improving Claims Management

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Summary of Findings
  • 5.2Conclusion
  • 5.3Implications for Insurance Companies
  • 5.4Contribution to Knowledge
  • 5.5Recommendations for Future Research
  • 5.6Conclusion and Closing Remarks

Thesis Abstract

The main objective of this study is to analyse the effects of claims settlement on the profitability of Nigeria Insurance industry. The study adopts descriptive and analytical method of historical and time series data. The study was conducted to cover the period from 1986 to 2011 (twenty-five years). The secondary data used for the study was obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin, 2014. The secondary data were presented in tables and multiple regression method was adopted to assess the relationship between the variables employed. T-statistics and F-statistics were used to test the hypotheses formulated in the study. The result from the analysis revealed that there is a significant relationship between claims settlement and profitability of the Nigerian insurance industry. Also, there is a significant relationship between claims settlement and premium received by insurance industry in Nigeria. It is therefore, recommended that insurance firms need to emphasize prompt payment of adequate claims for increased patronage, which is always reflected in payment of premium and profitability.

Thesis Overview

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