Analysis Of The Role Of Insurance Industry In The Promotion Of Capital Market Services

Analysis Of The Role Of Insurance Industry In The Promotion Of Capital Market Services

Abstract

The content “ Analysis of the places of insurance assiduity in the creation of capital request services ” has been adequately delved on. The exploration identify that the places of insurance assiduity in the creation of capital request had been the major reason for the promoting of insurance diligence in the capital request. The exploration used primary and secondary data collection which was distributed to the replier and will be interpreted by the replier. The exploration question objects of the study, the exploration thesis were all validated and if at the end it was discovered that the creation of capital request in the part of insurance assiduity has been the main stay of any insurance company.

Chapter One

Preface

Background Of The Study

When one is satisfied with introductory need of man similar as food, apparel, sanctumetc. he’d design for security against query according to Abraham Malsow in the proposition of provocation, hence insurance provides security or protection against query.

Insurance is defied according to Nwite( 2008) as a system for transubstantiating the responsibility for paying looses from one party to another.

still, insurance play vital part in promoting capital request service in Nigeria. Insurance assiduity has needed to give specialized backing( TA) for supporting further balance development of capital request adding the range and complication of fiscal products and strengthen the being institution and policy frame work making the Nigeria capital request effective competitive financially sound responsive to global trend and ameliorate access to debt equity and threat operation to support high position of profitable growth and investment.

likewise, the insurance assiduity helps to government aims to make on former advisory that addressed sins in important area of capital request operation, and laid the ground work for the capital request to play a strong part in supporting Nigeria profitable development with this regard the capital request has grown mainly. Loans from fiscal institutions continue to be the major sources of private sector backing as of 2007. Bank backing to gross domestic product( GDP) amounted to 80 while equities request 54.

thus capital request can be defined as a part of finance request that provides, installations for transfer of medium and long term finances to colorful profitable Unilbal( 1976).

Statement Of Problems

i) The major problem ensilage the poor participation of Nigeria capital request in developing countries like Nigeria, because it’s though it that enterprises are suitable to expand and gain Nigeria ministry and outfit.

ii) shy fiscal capital to take of and expansion of the small medium and large scale diligence, similar as lack of collateral and low credibility.

iii) Fraud is one of the problem capital request hassle. The rate of fraud in the frugality is embracing thereby limited some capital request capability to effective and effective operation in their frugality.

iv) Inconsistence power force is another problem facing effective operation of Nigeria capital request are operated through the use of electricity and beak in similar power force will challenge effective operation.

v) Bad terrain for investment An terrain which isn’t force due to political changes and religious or artistic extremity will affect effective operation of the Nigeria capital request.

Ideal Of The Study

The exploration work is thus directed toward the achievement of the following.

a) To have an overview of the study and operation of the capital request.

b) To identify a strong member regulation that will being about request discipline and confidence in the Nigeria capital request.

c) To determine how to reduce the cost of sale to make the Nigeria capital request internationally competitive and alterative to both original and foreign investors

d) To examine the programs insurance assiduity frequently in bringing the effective and effective of capital request.