This project work has critically highlighted the compact of claims settlements on profit maximization in insurance industry, the problems affecting effective claims settlement in Nigeria have been identified and how they can be controlled is also included in the study.
Also circumstances given rise to claims, fraudulent claims and effect of inflation on claims settlement have been discussed and ways to solve them are inductive in the study.
This study also examines the lapses and recommends some viable point (s) that can also contribute to the image of the industry.
In conclusion, for effective claims settlement to arise, the insurer and the insured must agree as to the actual amount to be paid in the event of claims taking into consideration the principles and the risk guiding the handling of insurance claims.
TABLE OF CONTENT
Table of contents
1.1 Background of the study.
1.2 Statement of problem
1.3 Purpose of the study
1.4 Significance of the study
1.5 Limitation of the study
2.0The Review Of Related Literature
2.1 Classes of insurance
2.2 Principles of insurance
2.3 Notification of claims
2.4 Investigation of claims
2.5 Circumstances given rise to claims
2.6 Claims report
2.7 Claim settlement under individual
2.8 The problems affecting effective claims settlement.
3.0Research Design And Methodology
3.1 Source of Data
3.2 Location of Data
3.3 Method of Data collection
5.0Recommendation And Conclusion
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CITE THIS WORK
(2012, 12). The Effect Of Claim Settlement On Profit Maximization In The Insurance Industries.. ProjectStoc.com. Retrieved 12, 2012, from https://projectstoc.com/read/550/the-effect-of-claim-settlement-on-profit-maximization-in-the-insurance-industries
"The Effect Of Claim Settlement On Profit Maximization In The Insurance Industries." ProjectStoc.com. 12 2012. 2012. 12 2012 <https://projectstoc.com/read/550/the-effect-of-claim-settlement-on-profit-maximization-in-the-insurance-industries>.
"The Effect Of Claim Settlement On Profit Maximization In The Insurance Industries.." ProjectStoc.com. ProjectStoc.com, 12 2012. Web. 12 2012. <https://projectstoc.com/read/550/the-effect-of-claim-settlement-on-profit-maximization-in-the-insurance-industries>.
"The Effect Of Claim Settlement On Profit Maximization In The Insurance Industries.." ProjectStoc.com. 12, 2012. Accessed 12, 2012. https://projectstoc.com/read/550/the-effect-of-claim-settlement-on-profit-maximization-in-the-insurance-industries.
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