THE IMPORTANCE AND ROLES OF INSURANCE INDUSTRY IN NIGERIAN ECONOMY

TABLES OF CONTENT

CHAPTER ONE:

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

1.2   STATEMENT OF PROBLEM

1.3   OBJECTIVE OF THE STUDY

1.3   SCOPE OF THE STUDY

1.4   DEFINITION OF TERMS

CHAPTER TWO

1. REVIEW OF RELATED LITERATION
2. MEANING OF INSURANCE
3. TYPES OF INSURANCE
4. ROLES AND IMPORTANCE OF INSURANCE INDUSTRY
5. SUMMARY OF RELATED LITERATURE

CHAPTER THREE

1. SUMMARY
2. FINDINGS
3. RECOMMENDATION

REFERENCE

CHAPTER ONE

INTRODUCTION

Insurance industry is a very vital aspect of Nigeria economy, and its importance and roles cannot be overemphasized, in this project work the researcher want to identify the history of insurance industry in the Nigerian economy and also the actual roles and the importance of insurance industry to the common man and the society at large, such roles and importance includes in every sector of the economy, like, the banking sector, Agricultural sector, aviation sector, Business sector etc.

The research work also treated the types of insurance industry in  Nigeria, here the researcher compared it with the types operated overseas, and the method used to the standard.  Also the project work, focused on the problem encountered by the industry and all the necessary measures that can be used to improve Nigeria insurance up to the world’s standards.  Such problems are viz:

(a)    Lack of government  support;

(b)    Illiteracy in the part of the common man, since Nigeria is still developing;