EFFECT OF CLAIM SETTLEMENT OF PROFIT MAXIMIZATION IN THE INSURANCE INDUSTRIES (A CASE STUDY OF NICON INSURANCE COMPANY)

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TABLE OF CONTENTS

Title Page i

Approval Page ii

Dedication iii

Acknowledgement iv

Abstract v

Table of Content vi

CHAPTER ONE: INTRODUCTION

1.1 Background of the Study 1

1.2 Statement of Problems 6

1.3 Objective of the Study 8

1.4 Research Question 9

1.5 Hypothesis 9

1.6 Significance of the Study 11

1.7 Scope of Limitation of the Study 12

1.8 Definition of Terms 13

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.1 Introduction 16

2.2 Classification of Insurance 17

2.3 Principles of Insurance 22

2.4 Notification of Claims 24

2.5 Investigation of Claims 24

2.6 Circumstances given rise to Claim 25

2.7 Claims Report 26

2.8 The Problems, affecting effective claims settlement in Nigeria 26

2.9 Negotiating an Insurance Claim Settlement 28

2.10 Negotiating Your Car Accident Insurance Settlement 31

2.11 How to Claim Life Insurance Settlement 37

References 40

CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY

3.1 Research Methodology 41

3.2 Research Design 41

3.3 Methods and Sources of Data 42

3.4 Population 42

3.5 Sample Size 44

3.6 Sample and Sampling Technique 45

3.7 Instrument for Data Collection 45

3.8 Data Analysis Method 45

CHAPTER FOUR: SUMMARY OF FINDINGS

4.1 Findings 46

4.2 General Analysis of Questionnaire Distributed 46

4.3 Testing of Hypothesis 55

CHAPTER FIVE: CONCLUSIONS AND RECOMMENDATIONS

5.1 Conclusions 57

5.2 Recommendation 58

Bibliography 60

Questionnaire 61

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EFFECT OF CLAIM SETTLEMENT OF PROFIT MAXIMIZATION IN THE INSURANCE INDUSTRIES (A CASE STUDY OF NICON INSURANCE COMPANY)

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