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Claims management and profitability of insurance companies in nigeria

 

Table Of Contents


Chapter ONE

1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Research
1.9 Definition of Terms

Chapter TWO

2.1 Overview of Claims Management
2.2 Importance of Claims Management in Insurance
2.3 Factors Affecting Claims Management
2.4 Profitability in the Insurance Industry
2.5 Relationship between Claims Management and Profitability
2.6 Best Practices in Claims Management
2.7 Case Studies on Claims Management and Profitability
2.8 Technology and Claims Management
2.9 Challenges in Claims Management
2.10 Future Trends in Claims Management

Chapter THREE

3.1 Research Methodology Overview
3.2 Research Design
3.3 Data Collection Methods
3.4 Sampling Techniques
3.5 Data Analysis Methods
3.6 Questionnaire Design
3.7 Ethical Considerations
3.8 Limitations of the Methodology

Chapter FOUR

4.1 Data Analysis and Interpretation
4.2 Overview of the Sample Population
4.3 Claims Management Practices in Selected Insurance Companies
4.4 Profitability Analysis of the Insurance Companies
4.5 Correlation Analysis between Claims Management and Profitability
4.6 Comparison with Industry Benchmarks
4.7 Discussion on Findings
4.8 Recommendations for Improving Claims Management

Chapter FIVE

5.1 Summary of Findings
5.2 Conclusion
5.3 Implications for Insurance Companies
5.4 Contribution to Knowledge
5.5 Recommendations for Future Research
5.6 Conclusion and Closing Remarks

Thesis Abstract

The main objective of this study is to analyse the effects of claims settlement on the profitability of Nigeria Insurance industry. The study adopts descriptive and analytical method of historical and time series data. The study was conducted to cover the period from 1986 to 2011 (twenty-five years). The secondary data used for the study was obtained from the Central Bank of Nigeria (CBN) Statistical Bulletin, 2014. The secondary data were presented in tables and multiple regression method was adopted to assess the relationship between the variables employed. T-statistics and F-statistics were used to test the hypotheses formulated in the study. The result from the analysis revealed that there is a significant relationship between claims settlement and profitability of the Nigerian insurance industry. Also, there is a significant relationship between claims settlement and premium received by insurance industry in Nigeria. It is therefore, recommended that insurance firms need to emphasize prompt payment of adequate claims for increased patronage, which is always reflected in payment of premium and profitability.

Thesis Overview

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