THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
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form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

          This project work is aimed at giving an insight of what the prudential guidelines on insurance companies hold for the industry in the nearest future.

It is centered on the impact of issued guideline by the various regulatory bodies like the insurance.  Decree of 1976 and 1991 and the establishment of the various bodies like the NISB and others.

It also examine the performance apprisal of the insurance companies with a view of improving revenue profits, identifying the problems faced as a result of this prudential guidelines issued.

Hence the need to finding lasting solution to sanitize the insurance industry to bring about a more better future for its existence.

 

 

 

 

 

TABLE OF CONTENT

CHAPTER ONE

• Introduction 1

1.1     Background of study                                                       2

• Statement of problems 3
• Objective of study 4
• Significance of the study 5
• Scope limitation and delimitation 6
• Research Hypothesis                                                    8
• Definition of terms 9

 

CHAPTER TWO

• Review of Related Literature 13

2.1     Objectives of insurance regulations                              15

• Insurance Decree of 1976 17
• Insurance Decree No 58 of 1991 17
• Insurance Association 18
• Brief History of Insurable interest 27
• Claims settlement 29

 

CHAPTER THREE

• Research Design And Methodology 52

3.1     Data source                                                                     52

 

CHAPTER FOUR

• Presentation and analysis of data 58

4.1     Introduction                                                                      58

• Presentation of Question 58
• Analysis of Data 68

 

CHAPTER FIVE

5.O    Summary of Findings                                                      76

• Decision of Findings 78
• Conclusion 79
• Recommendation 81

 

Bibliography/References                                                83

 

 

 

 

 

 

 

 

CHAPTER ONE

1.0     INTRODUCTION

          Insurance companies deal principally money and property.

According to Brettl. J. the subject matter of insurance is money and money only.  They act as mobilizers of funds from surplus units and channel them to deficit units.

This channeling can be refered to as indemnity.

This can be put in another way, that the primary purpose traditionally of insurance to spread the financial losses of insured members over the whole of the insuring uncertainty by compensating the unfortunate few from the contributions of all members.

Premium changed by the insurance company is its primary sources of manning income, therefore the insurance companies help on premium for its insured or person, financial rights or liability to mention but a few.

However, the financial compensation promised by the insurer is what is called the subject matter of the contract.

Insurance contract is subject to the general Principles of Nigerian Law of Contract as in any other commercial activity.  It these principles that makes for its validity.  Not only does it affect insurance but it operates in every other commercial aspect of life.

 

1.1     BACKGROUND OF STUDY

The role of insurance as one of the major economic activities of a nation has long received would acclamation.  It is not a dispute that insurance has attained a high degree of commercial sophistication.

Insurance business plays a major role in shaping the economic furtunes of the business enterprise institutions and individuals.

The economic profits of any country usually has an impact on both cost and benefits of insurance.  Thus one should consider the examination of the subject of insurance regulation timely in view of current economic climate.

 

1.2     STATEMENT OF PROBLEMS

It has been a concern within the insurance industry on the introduction of the prudential guidelines, as it affects the performance appraisal of the insurance companies.

This research work is geared towards investigating the impact of this guideline as it affects the insurance industry in Nigerian.

In 19

AN ASSESSMENT OF ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENT ON DEPOSIT MONEY BANKS

(A case study of First Bank of Nigeria Plc, Kaduna South Branch)

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ABSTRACT

The purpose of this research work is to have an independence study on the analysis and interpretation of financial statement using first bank of Nigeria plc the rock no sooner than they started. The survival of any firm depend on how we the financial resources are been mange which could determine how well the firm is progress. This study was aimed at enlightening the entrepreneur on the objective and uses of financial ratios as a tool for financial analysis which could also help in investigating some management policy and practices of a company. In order to collect valuable information from this study the choice of questionnaire and oral interview method was used. It though reveal that the importance of ratio in analyzing and interpreting financial statement. The research work thus ended with appreciable recommendation in order to maximize profit and enhance the liquidity of the company as well the efficiency of production that ratio used in analyzing and interpretation of bank financial statement should be major and relevant ones in measuring the financial performance and the bank should capitalize on the advantage of the utilization of financial ratio in order to keep abreast with his business environment.

 

 

CHAPTER ONE
INTRODUCTION

1.0 BACKGROUND OF THE STUDY

According to frank wood and Allan songster (2002) business accounting is concerned with the quantitative expression of economic data? As a discipline it evolve from a need for a frame work of recording, classifying, summarizing, analyzing and communicating economic data.
Financial management is a specialized area of accounting, which is concerned, with the effective and efficient management of financial resources of any organization. The survival of any firm depends on how well the financial resources are being managed.

The interpretation of accounting involves the analysis and criticism of a given set of financial statement with the aim of providing useful information for decision making the principal techniques used in the interpretation of accounting is for calculating important and relevant ratios to an organization, such ratios when computed are most often used for comparism purposes and to know if the organization is sounding well in their performance.

This study is based on first bank of Nigeria plc Kaduna because it is widely believed that the cause of failure of much business organizations both small and large in Nigeria today is as a result of poor financial institution which could give an insight into the challenges facing the business world, the interpretation of the business world, prevalent economic situation of the country and how to manage financial resources effectively and efficiently.

Most business that started newly hit the rock on sooner than they start, not because the product is unprofitable but because of lack of modern techniques of financial management lack of planning and the ability of the entrepreneur to make use of financial management techniques to appraise the performance of the business and make correct forecast about failure.

Therefore, financial analysis is concerned with the key decision function in the firm these include:
a. The planning and allocation of funds for working capital.
b. evaluation of financial alternatives open to the firm and the cost associated with them
c. the strategy of acquisition and mergers and the external growth of the firm.
The assessment of financial management is to provide a basis for assessing the financial implication of decision made in order areas of management, which will be judged according to
i. the firm financial goal
ii. how they affect the overall valuation of the firm
iii. How they affect the overall performance of the firm.

 

1.2 STATEMENT OF PROBLEM
The survival of any firm depends on how well the financial resources are being managed. The firm determines how well the firm may progress. Points could be considered.
1. What role does financial record play in achieving good financial management?
2. In what way does financial ratio help an enterprise in management decision making?
3. What is the important of short and long – term loan or borrowing to an enterprise?
4. What is the major source of income for the organization?

 

 

Complete Material Cost #3000

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THE IMPACT OF THE PRUDENTIAL GUIDELINES IN THE INSURANCE INDUSTRY

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ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

          This project work is aimed at giving an insight of what the prudential guidelines on insurance companies hold for the industry in the nearest future.

It is centered on the impact of issued guideline by the various regulatory bodies like the insurance.  Decree of 1976 and 1991 and the establishment of the various bodies like the NISB and others.

It also examine the performance apprisal of the insurance companies with a view of improving revenue profits, identifying the problems faced as a result of this prudential guidelines issued.

Hence the need to finding lasting solution to sanitize the insurance industry to bring about a more better future for its existence.

 

 

 

 

 

TABLE OF CONTENT

CHAPTER ONE

• Introduction 1

1.1     Background of study                                                       2

• Statement of problems 3
• Objective of study 4
• Significance of the study 5
• Scope limitation and delimitation 6
• Research Hypothesis                                                    8
• Definition of terms 9

 

CHAPTER TWO

• Review of Related Literature 13

2.1     Objectives of insurance regulations                              15

• Insurance Decree of 1976 17
• Insurance Decree No 58 of 1991 17
• Insurance Association 18
• Brief History of Insurable interest 27
• Claims settlement 29

 

CHAPTER THREE

• Research Design And Methodology 52

3.1     Data source                                                                     52

 

CHAPTER FOUR

• Presentation and analysis of data 58

4.1     Introduction                                                                      58

• Presentation of Question 58
• Analysis of Data 68

 

CHAPTER FIVE

5.O    Summary of Findings                                                      76

• Decision of Findings 78
• Conclusion 79
• Recommendation 81

 

Bibliography/References                                                83

 

 

 

 

 

 

 

 

CHAPTER ONE

1.0     INTRODUCTION

          Insurance companies deal principally money and property.

According to Brettl. J. the subject matter of insurance is money and money only.  They act as mobilizers of funds from surplus units and channel them to deficit units.

This channeling can be refered to as indemnity.

This can be put in another way, that the primary purpose traditionally of insurance to spread the financial losses of insured members over the whole of the insuring uncertainty by compensating the unfortunate few from the contributions of all members.

Premium changed by the insurance company is its primary sources of manning income, therefore the insurance companies help on premium for its insured or person, financial rights or liability to mention but a few.

However, the financial compensation promised by the insurer is what is called the subject matter of the contract.

Insurance contract is subject to the general Principles of Nigerian Law of Contract as in any other commercial activity.  It these principles that makes for its validity.  Not only does it affect insurance but it operates in every other commercial aspect of life.

 

1.1     BACKGROUND OF STUDY

The role of insurance as one of the major economic activities of a nation has long received would acclamation.  It is not a dispute that insurance has attained a high degree of commercial sophistication.

Insurance business plays a major role in shaping the economic furtunes of the business enterprise institutions and individuals.

The economic profits of any country usually has an impact on both cost and benefits of insurance.  Thus one should consider the examination of the subject of insurance regulation timely in view of current economic climate.

 

1.2     STATEMENT OF PROBLEMS

It has been a concern within the insurance industry on the introduction of the prudential guidelines, as it affects the performance appraisal of the insurance companies.

AN ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES

(A case study of Leadway Assurance Company. Plc. Kaduna)

 

 

COMPLETE PROJECT  MATERIAL COST #3000 NAIRA

 

                                   ORDER NOW

We also accept :   ATM transfer , online money  transfer 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>

Call Help Desk Line :  08074466939,08063386834.

After Payment Send Your Payment Details To

08074466939 Or 08063386834,   The Project Title  You  Selected On Our Website , Amount Paid, Depositor Name, Your Email Address, Payment Date. You Will Receive Your Material In Less Than 1 Hour Once We Confirm Your Payment.

WE HAVE SECURITY IN OUR BUSINESS.

MONEY BACK GUARANTEE

You may also need:  web design company in Nigeria   

Bulk sms company in Nigeria

 

 

ABSTRACT
The assessment of adequate risk recognition and management in Nigerian insurance industry is aim at determining the effectiveness of how the insurance industry handle risk that is being transferred to them and also to assess how insurance companies render their services. The statement of problem include lack of adequate claims settlement procedures which are characterized with bureaucracy and lack of proper fixed or computed premiums which endangers the solvency and profitability of the insurance companies. The researcher finds including, prompt settlement of claims by the insurer encourages high level of patronage from it client and also premium is charged by the insurer according to the type of risk undertaking. Finally, insurers should not just issue policies, they should engage in careful diagnosis of what insurance products their clients deserve. By adequately monitoring the risk covered through professional advice and risk survey.

 

 

CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND OF THE STUDY
Insurance is a security device used by the inured to protect himself against a risk purchased from the insure and the right to be indemnified if the risk should materialize. The purchase price which the insured pays the insurer is known as the premium, often paid on monthly or annually basis and the insurer in return compensate the insured in event of loss.

THE DEVELOPMENT OF INSURANCWE INDUSTRY IN Nigeria begins in 1950 during the colonial era period characterized by a market dominated by Europeans company which virtually held the monopoly of insurance business over the continent of Africa. At that time most Nigerians citizens are not aware of insurance and it importance. After Nigeria independence in 1960 most of the industries managed by the Europeans are been taken over by Nigerians. As they begin to managed those companies, the awareness of insurance and it importance was known.

In the 1980, insurance companies operating in Nigeria begins to grow in numbers and the need to enlighten the citizens on insurance was carried out by some of the employee of those companies. Who went to the street to educate they people on the danger of risk that might occur in many ways, such as fire, theft, accident, rain storms etc. and the responsibility of the insurance is to compensate the unfortunate person who has suffered losses by placing him in the same position as he was before. However, some people agreed to take up an insurance policy but the number of those that patronize the company at that time was very few.

In Nigeria today, most industries and commercial business have insurance cover. This is because insurance ensure the growth and development of all industries and business established and spread all over the country. Apart from business most people don’t insure their houses, cars farms etc. they show reluctant attitude towards taking up insurance policy for such assets and also think it’s a waste of money. Giving great consideration to the above statement, the researcher is compelled to carry out a research on the topic in question an assessment of adequate risk recognition and management in Nigeria insurance companies. In order to re-oriented the people toward changing their attitude and belief about insurance industries.

 

1.1 STATEMENT OF THE PROBLEM
The insurance industry over the years has been going through a lot of problems, which hinders their effectiveness and efficient rendering of services. These include.

– Lack of survey of risk transferred by the insurance companies, as such risk are just assumed without properly scrutinizing the situations and circumstance surrounding such risk.
– Lack of adequate claims settlement procedures which are characterized with bureaucracy.
– Lack of proper fixed and computed premiums which endangers the solvency and profitability of the insurance companies.

 

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COMMUNITY BANKING SYSTEM IN NIGERIA: A IMPLICATION ON THE RURAL ECONOMY

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COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

This work is about inflation in Nigeria, the causes, consequences and how it can be controlled.

For inflation to be effectively controlled and for the economy to be conducive for foreign  investors, and hands must be on seek including the governments, manufactures, e.t.c.

The book is organized around the main causes of inflation in Nigeria, ie, casual factors of the Nigeria inflation and the related theories, which can also lead to inflation.

The first chapter looks at the introduction the statement of the problem the objective the limitation the term the scope and the significance of the study.

The second chapter looks at the definition of inflation the three strain of inflation the imposition of higher taxes, development of agriculture, effective control of ways and prices, the control of prices of essential commodities.

Chapter three focus on Summary of Findings the Conclusion, the Recommendation and Bibliography.

 

TABLE OF CONTENTS

CHAPTER ONE

• Introduction 9
• Statement of the Problem 9
• Objective of the Study 10
• Limitations of the Study 10
• Definition of Terms 11
• Scope of the Study 12
• Significance of the Study 12

 

CHAPTER TWO

• Definition of Inflation 13
• Three Strains of Inflation 14
• Imposition of Higher Taxes 15
• Investment in and Development of Agriculture 15
• Effective Control of ways and Prices 15
• Control of Prices of Essential Commodities 16

 

CHAPTER THREE

• Summary of Finding 17
• Conclusion 17
• Recommendation 17

Bibliography                                                                                          19

 

CHAPTER ONE

1.1     INTRODUCTION

          INFLATION

Considering the high rate at which  prices of goods and services increase in our society today I was moved to pick interest in finding out the causes the consequences, and if possible what should be done to control this social malady called inflation in Nigeria, there are certain ambiguity about the term inflation this because the work indeed has many usages in economic language as there are economists.

In ordinary speech, inflation is taken to mean a period of high price. But high price do not necessarily indicate the existence of inflation. This is because equilibrium of supply  and demand for goods and services can be established at any level of prices and once equilibrium has been achieved inflation  disappears.

 

1.2     STATEMENT OF THE PROBLEM

We are going to the problem of inflation and it will be stated out in order to reduce the raise of inflation in Nigeria.

A number of approaches to the explanation of the phenomenon  of inflation have been suggested and sometime tested in the economic literature thus, such concepts of inflation that have been popularized include “Demand Pull” anticipated inflation.

The cause of inflation at times could be based on the theories of inflation or caused by some factors,