A Critical Analysis Of The Impact Of Insurance Industry Towards Economic Development Of Nigeria

A Critical Analysis Of The Impact Of Insurance Industry Towards Economic Development Of Nigeria

Abstract

Evaluation of the impact threat check in the manufacturing establishment in Nigeria. The exploration was aimed at evaluation the impact of threat check in manufacturing enterprises in Nigeria with a case study of Emenite Limited which is the experimenters ’ content, ideal of this study is to determine how threat directors survey their threat and how it’s being control in manufacturing establishment, and also these underwriting consideration in threat check. The exploration system used was design in a manner to insure acceptable representation of Emenite Limited in Enugu Research findings established that reduction in the volume of loss and increase in profit maximization are the important of threat check in the manufacturing enterprises. piecemeal form the being threat control in manufacturing enterprises, other colorful new threat controls should be espoused.

TABLE OF CONTENTS

Title runner ii

blessing runner iii

fidelity iv

Acknowledgement v

Abstract vi

Table of contents vii

CHAPTER ONE preface

Background of the study 1

Statement of the problem 3

objects of the study 4

exploration question 5

Significance of the study 6

compass and limitations of the study 6

description of functional terms 7

CHAPTER TWO REVIEW OF RELATED LITERATURE

detail history of Emenite limited 10

introductory orders of threat 13

Concept of threat check 15

Reasons for threat check 16

The products offer by Emenite limited 18

colorful pitfalls exposed to Emenite as a company 19

Duties of a threat check in a manufacturing establishment 21

Factors to be considered in threat check 22

The recrimination of threat check in a manufacturing

firm 24

colorful system/ strategies used in threat control 25

The legal frame work of threat check 29

The problems facing insurance assiduity in threat

control 32

The prospects of effective threat operation

in manufacturing enterprises 34

Challenges facing the insurance assiduity in

effective threat operation 35

Safety inspection according to David( 1989) 36

Important of safety inspection in manufacturing establishment 37

Advantages and disadvantages of threat check

according to Odoh 2003) 38

CHAPTER THREE exploration METHODOLOGY

exploration design 40

Source of data 40

Primary data 40

Secondary data 41

position of the study 41

Population of the study 41

Validity of the study 42

CHAPTER FOUR SUMMARY OF FINDINGS

Summary of findings 43

CHAPTER FIVE CONCLUSION AND RECOMMENDATION

Conclusion 45

Recommendation 46

Suggestion for farther studies 47

Bibliography 49

Chapter One

Preface

Background Of The Study

threat is integral to everyday life. Once we’ve said that threat is always at the centre of insurance. We should also understand that threat is at the centre of our life. This means that for every mortal bid there’s ‘ threat ’ as a result of our different profitable hobbies. According to David( 2001) threat exists where the future is unknown. It represents both desirable events and undesirable event. It’s a desirable event when one internationally initiates certain effects in order to more his socio- profitable well being. Because of these desirable and undesirable events, an association will want to transfer their threat to an case company, which thereby brings about threat check.

According to David( 1989) the high object of a threat check is to give the coach with as complete a picture of the threat being offered as possible; to enable him decide whether the threat was respectable and how it compared with the same kind and as the base for deciding decoration and other terms.

In the present day the surveyor is still nearly concerned with provision of financing information and in numerous situations the information bared by the completed offer form, will need to be supplemented by a surveyors report before the picture is completed. still, the surveyor is now more nearly concerned with accident forestallment, surveying represents one aspect of the wider subject of threat control. also, practice varies among individual answers and there are no established criteria for surveying manufacturing enterprises. still, it may safely be stated that pitfalls of unusual character or with special features will typically be surveyed in that establishment. A safety or threat inspection will be conducted.

A safety inspection is a critical examination of an individual operation in its entirely to identify implicit hazard and position of threat checkups are frequently accepted by multidisciplinary terms individual members should have a good knowledge of legal conditions, an understanding of reasonable practice in the assiduity and over all the capability to communicate with at situations of labor force or department within the association. In numerous companies, this moxie isn’t readily available and so checkups tend to be accepted by external specialist similar as consulting masterminds acting singly or employed by insurance companies. In a manufacturing establishment like Emenite Limited. pitfalls that presents a serious injury/ hazard are those where there are substantial involvement ministry( s) Reports from the Health and safety superintendent in Emenite limited still, shows that some 80 of accidents aren’t caused by ministry but by similar simple effects as cascade, lifting heavy weight or imperfect hand tools.

threat check will thereby go a long way in boosting productivity in manufacturing establishment via review of threat and it’ll also help to grease enhancement in the work force of the company like Emenite Limited.

Statement Of The Problem

For the purpose of this study, the experimenter linked some crucial factors that will help in relating the problem.

a. There are colorful threat exposures in manufacturing enterprises

b. The ways of handling similar threat exposures haven’t been encouraging.

threat surveyors in manufacturing enterprises haven’t been living up to their prospects.

d. There have been lots of backups in enforcing the favored recommendations.

To know the part of checks in relating similar threat and controlling the goods of the operation of manufacturing enterprises in Nigeria.

Objects Of The Study

To find out the colorful threat exposure in manufacturing enterprises in Nigeria

To find out colorful ways of handling similar pitfalls exposures in manufacturing enterprises.

To find out the problems facing the insurance companies on relating similar threat exposures in manufacturing enterprises.

To know the part of threat check in manufacturing enterprises

To make recommendations on how to ameliorate the manufacturing enterprises through acceptable threat check tools by the insurance assiduity.

Exploration Questions

a. What are the colorful pitfalls exposures in manufacturing establishment in Nigeria?

b. How can similar pitfalls exposures be handled by the insurance assiduity in order to keep the manufacturing enterprises going?

c. What are the problems facing the insurance assiduity in threat check in manufacturing enterprises?

d. What are the places of threat surveying the manufacturing enterprises in Nigeria?

e. What are the recommendations to ameliorate pitfalls checks in manufacturing enterprises?

Significance Of The Study

This exploration work will be of immense help to

The pupil it’ll help the experimenter to know more on the impact of insurance assiduity towards profitable development of Nigeria.

The Stake holders this study will be of great significance to stake holders as it’ll enrich their knowledge on the colorful threat in manufacturing enterprises.

Insurance company this will inversely be of help to the insurance companies and fiscal institutions in Nigeria because when they abide by the recommendations handed by the experimenter it’ll help them in time of decision timber.