The Contributions Of Insurance In The Sports Sector Of Nigeria

The Contributions Of Insurance In The Sports Sector Of Nigeria

Abstract

In this exploration work named ‘ The benefactions of insurance in the sports sector of Nigeria. The experimenter delved why Nigerian sports sector don’t embraces insurance protection. Delved the factors militating against the insurance assiduity not to produce acceptable mindfulness about sports insurance protection. The information for the study was collected using primary and secondary styles of data collection. For a primary data collection, while being literature applicable to the content was consulted for the secondary data. The exploration used ki-square statistical model to dissect the data. four major findings were made, grounded on the findings the recommendations proffered are; Nigerian sports sector should be educated on the benefit of insurance programs to enable them embrace insurance protection. Nigerian insurance assiduity should try as important as possible to settle claim, for the public not to see them as fraudsters.

TABLE OF CONTENTS

Title runner i

blessing runner ii

fidelity iii

Acknowledgement iv

Abstract vi

Table of contents vii

CHAPTER ONE

preface

Background of the Study 1

Statement of the Problem 3

ideal of the Study 6

exploration Questions 7

exploration suppositions 8

Significance of the Study 9

compass and Limitations of the Study 9

description of the Terms 10

Reference 13

CHAPTER TWO

REVIEW OF RELATED LITERATURES

An overview 14

History Insurance In Nigerian Sports Sector 14

literal Development of Nigerian Sport Sector 16

The Development of Insurance in Nigerian Sports Sector 27

part of sports in the development of Nigerian

Economy 30

Sports Administration and Insurance in Nigerian 34

Analysis of Nigerian sports programs and its impact on Nigerian sports 38

The Challenges of Insurance in Nigerian Sports Sector 44

Reference 46

CHAPTER THREE

exploration METHODOLOGY AND DESIGN

An Overview 49

Source of Data 49

Primary data 50

Secondary data 50

Population of the Study 51

Sample size and slice ways 52

Validity and trustability of the Instrument 55

system of data donation and Analysis 56

CHAPTER FOUR

DATA PRESENTATION ANALYSIS, DISCUSSION OF Chancing

An overview 59

Data donation 60

Data Analysis 61

Testing of thesis 71

Discussion of Findings 78

CHAPTER FOUR

Summary of Findings 80

Conclusions 81

Recommendations 82

Suggestions for farther Studies 86

Bibliography 87

Appendixes 90

Sample questionnaire 91

Chapter One

Preface

Background of the Study

Nigerian insurance assiduity has been in a great trend of enhancement from thepre-consolidation to the post consideration observance. They’re paining from the wealth sport assiduity from the recapitalization and expanding encyclopedically to contend internation communities. They’re presently sharing in the original content action of out and gas business energy insurance marine and aeronautics and other transportational and logistic pitfalls. Hence, Nigerian supporting assiduity is an area that haven’t actually served from the conditioning of insurance since insurance has been defined as a social security weal, it’ll help the actors to boast their confidence in sharing in sports without fear. Nigeria isn’t only seen as a leading country in Africa in the field of sports but also a world achiever in the field similar as world mug of colorful orders is over emphasized.

because he scored four pretensions inmatch.the family exhaustively recovered by way of insurance protection which isn’t accessible in Africa setting Ukpai( 2004) supported that insurance in sports will produce confidence, provides for withdrawal protection, protects colorful rudiments of disability and inversely improves an frugality. Mordi( 1988) editorialized that a country with acceptable insurance protection is a sick country and s healthy country is a fat nation. Grounded on this outside it’s presumptive that we estimate the benefactions of insurance business in the development of sporting sector in Nigeria.

Statement of problems

Grounded on the nature of sporting conditioning in Nigeria and their essential, The entourages are the linked statement of problems;

1. Studies has shown that Nigerian sports sector don’t embraces insurance protection.

2. Lack of mindfulness has been one of the challenges faced by insurance assiduity.

3. Another major challenge facing Nigerian insurance assiduity is remitment of claims which results to loss of image and confidence in insurance contract by the sports sector.

Ideal of the Study

The end of this exploration work is to estimate the benefactions of insurance in the sports sector in Nigeria. The specific objects of this exploration work includes the following;

1. To probe why Nigerian sports sector don’t embraces insurance protection.

2. To probe the factors militating against the insurance assiduity not to produce acceptable mindfulness about sports insurance protection.

3. To know why insurance assiduity don’t pay claims incontinently which results to loss of image and confidence in the sports sector.

Exploration Questions

The experimenter developed the following exploration questions

1. Why are the Nigerian sports sector not embraces insurance protection?

2. What are the factors militating against the insurance assiduity in terms of creating mindfulness about sports insurance protection?

3. Why do insurance assiduity not pay claims incontinently which results to loss of image and confidence in the sports sector.

Exploration Hypotheses

Grounded on the below exploration objects and questions, the experimenter formulated the following exploration suppositions;

Ho Nigerian sports sector don’t embrace insurance protection.

H1 Nigerian sports sector embraces insurance protection.

Ho Nigerian Insurance assiduity don’t produce acceptable mindfulness about sports insurance protection.

H1 Nigerian Insurance assiduity creates acceptable mindfulness about sports insurance protection.

Ho Nonpayment of claims incontinently by the insurance assiduity doesn’t results to loss of image and confidence in the sports sector.

H1 Remitment of claims incontinently by the insurance assiduity results to loss of image and confidence in the sports sector.

Compass and Limitation of the Study

Compass of the Study

This exploration work will concentrate on the benefactions of insurance in the sports sector in Nigeria. The area of this exploration work is Nigerian football association Enugu state chapter.

Limitations

The experimenter in carrying out this study encountered multitudinous problems which includes

· Fund

· Time

· Lack of Research accoutrements

The experimenter didn’t have enough plutocrat to visit the company as plutocrat times as numerous times as needed data adequately.

The time distributed for the work wasn’t enough. This is because I had to partake the time with other academic workshop of the semesters. This made her unfit to cover a lot of intriguing areas but thus limited her exploration work only at Enugu megalopolis.