THE INVESTMENT OF INSURANCE FUND IN NIGERIA (A CASE STUDY OF HALLMARK ASSURANCE NIGERIAN PLC)

THE INVESTMENT OF INSURANCE FUND IN NIGERIA (A CASE STUDY OF HALLMARK ASSURANCE NIGERIAN PLC)

ABSTRACT:

The aim of the project is to evaluate or appraise the investment of insurance funds in the Nigerian economy. In order to carry out this project, some statement of problems were evolved, the purpose of study as the sample size and various instrument used for the collection of data.  These helped to direct the course of this project work. The hypothesis were also tested and accepted with the responses received through administering of personal interview questions. On the whole, the purpose of the study was achieved and the problem statement answered. The researcher also received relevant literatures that relate to the topic of the research. The review of literature gave detailed information of the development and importance of the insurance industry in Nigeria, as well as the various classes of funds which they invest. There was a view of the legal requirement binding the investment of insurance funds in the Nigerian economy. Some of the reviews were explained in details. In the cause of the study, the researcher was able to note the problems that face the investment of insurance funds in Nigeria. Recommendations were also made on how these problems will be solved. Furthermore, in the course of the study, the data collected from respondents and the hypothesis were analysed and it was discovered that investment of insurance funds enhances the economy. Finally, in chapter five, the researcher concluded his finding, made suggestions for further research, in the area of enlightenment, provision of a developed capital market and recommended that the insurance companies should transact on cash basis, creation of insurance businesses and many other things.

TABLE OF CONTENT

CONTENT

CHAPTER ONE

INTRODUCTION

1.0BACKGROUND OF THE STUDY

1.1STATEMENT OF THE PROBLEM

1.2PURPOSE OF STUDY

1.3IMPLICATION OF THE STUDY

1.4LIMITATION OF THE STUDY

1.5RESEARCH QUESTION

1.6HYPOTHESIS

1.7SIGNIFICANCE OF THE STUDY

1.8DEFINITION OF THE TERMS

1.9ASSUMPTION OF STUDY

CHAPTER TWO

REVIEW OF RELATE LITERATURE

2.0INTRODUCTION STATEMENTS

2.1DEVELOPMENT AND IMPORTANCE OF INSURANCE IN Nigeria

2.2NATURE OF INVESTMENT

2.3LEGAL REQUIREMENT GUIDING THE INVESTMENT OF INSURANCE FUND IN Nigeria

2.4SOURCES AND INVESTMENT OF INSURANCE FUNDS IN Nigeria

CHAPTER THREE

DESIGN AND METHODOLOGY

3.0RESEARCH DESIGN

1. AREA OF STUDY
2. POPULATION OF THE STUDY
3. INSTRUMENT FOR DATA COLLECTION
4. VALIDATION OF THE INSTRUMENTS
5. RELIABILITY OF THE INSTRUMENTS
6. METHODS OF DATA COLLECTION
7. METHODS OF DATA INVESTIGATION.

CHAPTER FOUR

PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA

4.0ANALYSIS AND RESEARCH QUESTION

RQ1

RQ2

RQ3

4.1TESTING OF HYPOTHESIS

4.2FINDING OF THE STUDY

4.3DISCUSSION OF THE FINDINGS

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.0SUMMARY OF THE FINDING

5.1CONCLUSION

5.2RECOMMENDATIONS

BIBLIOGRAPHY

CHAPTER ONE

APPENDIX I

INTRODUCTION

The image of insurance has become more sensitive than ever, because we are in are in a world full of uncertainties, all kinds of stresses, growing complexities of business in modern day. Nigeria, coupled with the increasing number of business concerns employing many hands, the importance of an insurance scheme can hardly be underestimate. We can also note that every aspect of human life in any dimension one can think of is subject to one risk or the other.

THE INVESTMENT OF INSURANCE FUND IN NIGERIA (A CASE STUDY OF HALLMARK ASSURANCE NIGERIAN PLC)