ABSTRACT
This research work was aimed at determining the impact on management of insurance companies in Nigeria with particular reference to UNIC INSURANCE PLC
A structured questionnaire made up of a little combination of some dictatorship and open ended questions was developed and distributed to a total of 80 male and female employees of UNIC INSURANCE PLC.
The data collected were analyzed using percentages, mean and rank order. Based on the above major findings include;
1, That the human and non-human resources available in the insurance company are not adequate.
2. That UNIC INSURANCEPLC has not experienced any form of friend.
3. Under interference and insanity of the job/position of supervisions affect the objetinty of their reports and recommendations.
4. That non-implementation of previous reports affect the function of supervisors.
Based on these findings, the following efficiency and effectiveness in the management of insurance companies.
a. That Insurance companies should use delegation as a supervisory strategy to be in professional touch with all the department in the insurance company.
b. A programme of in-service education and training should be given to staff on regular basis to enable them get abreact with the changing demand of time him.
c. Insurance companies should consistently organize seminars .Staff meeting, individual conferences, professional lectures and provision of office bulletins
d. Staff safety and welfare packages must be adequately assured for proper continuity.
TABLE OF CONTENT
Title page ii
Approval page iii
Dedication. iv
Acknowledgement v
Abstract vi
Table of contents viii
CHAPTER ONE
Introduction 1
1.1 Background of the study 1
1.2 Statement of problems 3
1.3 Purpose of the study 4
1.4 Test of Hypothesis 5
1.5 Significance of the study 5
CHAPTER TWO
Review of related literature 8
2.1 insurance company organization 8
2.2 Under writing 11
2.3 Theory of rating 21
2.4 Premium rating in non-life insurance 23
2.5 Premium change in life insurance 25
2.6 Sources of insurance company fund 27
2.7 The investment of insurance company fund 30
2.8 Insurance company account 31
2.9 Summary of the review literature 32
CHAPTER THREE
Research methodology 34
3.1 Area of study 34
3.2 Population 34
3.3 Sample and sampling procedure 34
3.4 Instrument for data collection 36
3.5 Validation of research instrument 37
3.6 Reliability of research instrument 38
3.7 Administration of the research instrument 37
3.8 Method of date analysis 39
CHAPTER FOUR
Data presentation and results 41
4.1 Date presentation and analysis 41
CHAPTER FIVE
Discussion of results 48
5.1 Discussion of findings 48
5.2 Conclusion 51
5.3 Recommendation 52
5.4 Limitation of study 54
Appendices 56
