INSURANCE PROJECT TOPICS AND MATERIALS

The study set out to establish the risks facing Agricultural Finance Corporation, determine the risk management strategies deployed to counter these risks and assess the effectiveness of these strategies in meeting the overall corporate objectives. This study set out to establish the relationship between risk management and the performance of the Agricultural Finance Corporation.

This study out whether brand strategy has any link with corporate identity. The study sample consists of 90 respondents, spread across the three level of management Viz: Top middle and low level of management. The sampling technique was done on stratified random base with a special attention to corporate organization which prompt the choosing of Intercontinental Bank Plc and Zenith Bank Plc as the case study, using the questionnaire as the principal data collection instrument. The data collection instrument was validated and also made to pass through the test or reliability for the effectiveness of the result obtained.

Insurance industry is a subsector of the Nigerian financial system that deals with uncertainties, that is, events which are likely to occur and cause loss. It is also a service oriented industry that exist to absorb or transfer the risk of individuals, groups of people, other business ventures or government to ensure and encourage their continuous growth and development. They evolved to safeguard the financial interest of people from uncertainties by providing indemnity if an unexpected event occurs. Insurance companies are financial institutions set up to provide insurance covers to individuals and corporate bodies against possible risk occurrences, (Akpan, 2005).

This study examines the factors that influence the techniques of credit risk modeling for life insurers in Nigeria - a major developing economy of sub-Sahara Africa. Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows, and increased collection costs. The loss may be complete or partial and can arise in a number of circumstances

For many years now a lot of manufacturing company does not know the important of stock methods and even when they know, it is not consciously handle or put in the care of professional. Infact, they belief that the stock control methods is not the ultimate things the organization desire this means the contribution on effective stock control can make to the success of an organization still not very widely appreciated and hence it is of great significant to reflect the impact and effective and efficient stock control would have on an organization as well as the profitability level of the company.

This paper is an empirical investigation into the relationship between insurance companies’ premium and gross fixed capital formation (GFCF) in Nigeria and specifically how the latter responds to stimuli emanating from the insurance companies. Data were collected from CBN statistical bulletin from 1993-2013 while regression statistical model was used for estimating and analyzing the variables involved. The results revealed that the insurance industry premium insignificantly correlate with Gross Fixed Capital Formation. Some Empirical findings also showed that there is a low insurance market activity in Nigeria and that Nigerians have not fully embrace the insurance industry despite its importance to the growth of the economy.

This study examines the implication of life assurance patronage on the Nigeria economy. The nature of life insurance business should do with the indemnification of the insured or the insured’s beneficiary on the maturity of the life insurance contract or on the death of the life assured. Life insurance patronages in Nigeria are confronted with several challenges that hinder its impact on the Nigeria economy which include; inflation, political instability, low domestic saving, customers lack familiarity with life assurance products, interest rate and low income. However, the objective of this study is to show the implication of life assurance gross premium on insurance companies assets, to examine life assurance business in Nigeria, to examine the implication of life assurance patronage and hence its importance to the Nigeria economy. In order to achieve the objectives of this study, data were collected from secondary sources and analyzed descriptively.

This study empirically investigated life insurance patronage and the growth of the insurance industry in Nigeria. The objective was to determine the impact of life insurance patronage and the growth of the insurance industry in Nigeria. To achieve the objective, secondary data extracted from Nigerian Insurers Association (NIA) Digest (various years) was used. Regression model was used for evaluation of data. Two hypothesis were tested using Scientific Package for Social Science (SPSS). The first hypothesis showed that there is a positive relationship between life insurance premium and total insurance premium which was used as a measure of the insurance industry’s performance. This means that total insurance income increases as the amount of life insurance premium increases. The second hypothesis showed that claims of life insurance benefits has a significant effect on the insurance industry in Nigeria meaning that other factors contribute. On this note, it was recommended that insurance companies should organize public lectures, seminars, and symposia on insurance as a way of creating awareness of life insurance and insurance policies.

Market risk is the risk that the value of an investment will decrease due to moves in market factors. It can also be said to be the risk to an institution resulting from movements in market prices, in particular, changes in interest rates, foreign exchange rates, and equity and commodity prices. Market risk is often propagated by other forms of financial risk such as credit and market-liquidity risks. Market risk is the risk of loss in the value of a financial institution's proprietary trading holdings in equity, debt, FX or commodity instruments, due to fluctuations in market prices. Market risk can also arise with the management of client's moneys where financial institutions provide unhedged guaranteed minimum returns.

The purpose of this study was to establish the relationship between the contributions of insurance companies and the growth of SMEs in NICON basing on the following objectives; to examine major factors that affects the growth of SMEs; to assess the contribution of insurance companies to the growth of SMEs; to investigate the factors inhibiting the purchase of insurance cover by SME operators and to determine the strength of the relationship between insurance companies and growth of SMEs. The research was descriptive in nature involving quantitative methods which was administered through questionnaires. The total sample comprised of 65 respondents of all the managers and employees of National Insurance Corporation. Simple random sampling was used whereby the researcher went to NICON and administered questionnaire to the sampled or selected employees.