THE ROLE OF INSURANCE COMPANIES IN NIGERIA ECONOMIC DEVELOPMENT.

ABSTRACT

This project is 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                                                       I
DEDICATION                                                       11
ACKNOWLEDGEMENT                                       111
INTRODUCTION                                                      IV
ABSTRACT                                                                 V

TABLE OF CONTENTS                                              VI

CHAPTER ONE
1.0    INTRODUCTION AND BACKGROUND OF THE STUDY       1
1.1    STATEMENT OF THE PROBLEM                                     2
1.2    PURPOSE /OBJECTIVE OF THE STUDY                          3
1.3    SIGNIFICANCE OF THE STUDY                                       4
1.4    LIMITATION OF THE STUDY                                           5
1.5    REFERENCES                                                                       6

CHAPTER TWO
2.0    LITERATURE REVIEW                                                                 7
2.1    THEIR ROLES IN DEVELOPMENT OF OUR NATION ECONOMY                                                                           8
2.2    DIFFERENT CLASSES OF INSURANCE AND THEIR CONTRIBUTION IN ECONOMIC DEVELOPMENT               9
2.3    REFERENCES                                                                              10

CHAPTER THREE
3.0. RESEARCH DESIGN AND METHODOLOGY                        11
3.1 SOURCES OF DATA                                                                   12
3.2 LOCATION OF DATA                                                                 13
3.3 METHOD OF DATA COLLECTION AND METHODOLOGY OF INVESTIGATION                                                                          14

CHAPTER FOUR
4.0. FINDINGS                                                                                     15

CHAPTER FIVE
5.0 CONCLUSION AND RECOMMENDATION                              16
5.1 RECOMMENDATION                                                                  17
BIBLIOGRAPHY                                                                                 18