Problem Associated With General Accident Claims In Nigeria

Project and Seminar Material for Marketing

Problem Associated With General Accident Claims In Nigeria

Chapter One


1.1 Background Of The Study

Insurance industry is a financial institution that exists to indemnify the insured in the case of any occurrence of the subject matter of insurance.

According to Ivory (1986) on general accident insurance represents a conglomeration falling under life, fire, motor, marine and aviation insurance. The classification is later made for simplicity and to ease description of the indenting insurance. And secondly, to show the dynamism in insurance business since many more insurance policies can be designed as soon as the needs are identified and ability acquired. For insurance, it should not sound strange if Nigerian insurance design and market insurance policies such as rainfall, licenses, hair dressers and waste removal contractors because accidents are likely to arise from them.

Insurance derives from the situation of unforeseen event at least in timing that is to say, the insured event must be accidental rather than willful. During the period of 1976 insurance decree, accident insurance was under life policy. But accident depends on the event. And it is a benefit policy. The general accident arises in claim settlement, which the course of events occur on the policy which the policy holder purchases and the reason is for security purpose for instance company to prove their worth of their buy by them getting insurance security at their point of needs should not be jeopardized by insurance companies through refusal to pay claim on the policy therefore didn’t justify to say that the acid test of a reputable of insurance is its ability to provide assistance to the policy holder when the occasion arises for no matter the scope and intensity of the advertising, an insurer that fails its insured at the point of need is unwillingly liquidating his own company, this payments efficient and fair settlement of a claim give satisfaction to the insured and it’s the best way of advertising for the company.

When an event insured against in an insurance contract happens and the insured informs the insurer, demanding that the insurer fulfill his promise the insured is said to be making a claim.

1.2 Statement Of The Problem

The challenges that led to this research are as stated below:

  1. Non prompt settlement of accident claims in Nigeria.
  2. Inadequate payment of claim by insurance companies in Nigeria.
  3. Delay in claim settlement in Nigerian insurance industry.

1.3 Objective Of Study

The objectives of this research work are:

  1. To examine critically the issues influencing the non prompt settlement of general accident claims.
  2. To examine reasons for the non-adequate payment of claims by insurance companies
  3. To study the cause of delay in claims settlement in the insurance industry.

1.4 Research Question

In order to do a thorough work on this topic, the researcher formulated certain questionnaires as shown below:

  1. Is there non prompt settlement of accident claims in insurance services.
  2. Is there inadequate claims settlement in Nigeria insurance industry.
  3. Does non prompt settlement or accident claims affect the performance of insurance companies.

1.5 Research Hypothesis

  1. Ho: There is non prompt settlement of accident claim in insurance services.
    Hi: There is prompt settlement of accident claim in insurance services.
  2. Ho: There is inadequate claim settlement in insurance industry.
    Hi: There is adequate claim settlement in insurance industry.
  3. Ho: Non prompt settlement of accident claim does not affect the performance of insurance companies.

How To Get The Complete Material For Problem Associated With General Accident Claims In Nigeria

Project Material Download

3,000 Naira

The complete material will be sent to your email address after payment
( Quick & Simple)

CLICK HERE to make purchase (₦3,000)

CLICK HERE to make purchase ($15)

  Contact Our Help Desk

⚠️ Need a different topic? Perform a quick search

Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


This research material “Problem Associated With General Accident Claims In Nigeria” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”. is only providing this material “Problem Associated With General Accident Claims In Nigeria” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.