The Impact Of Digitization On The Nigeria Insurance Industry

Type Project Topics
Faculty Administration
Course Actuarial Science and Insurance
Price ₦3,000
Key Features:
- No of Pages: 76
- No of Chapters: 5
- Graphical illustrations
- Tables
- Charts
The purpose of the study is to examine insurance as an apparatus for business subsistence. The sampled size used by the researcher for the study was 48 and the methodology adopted was the use of simple percentage, tables, Pie chart and Bar chart. After the analysis, the findings revealed that Insurance management help covers the policy holder against the loss or damage to insured property which was caused by an accidental fire. Insurance management helps to promote financial stability and security of both the banks and its employees. Insurance also provide covers for banks' employees' cars, houses and their contents, life and pension products. Based on the findings, it is recommended that the business organizations in Nigeria and their staff should be trained on various forms of risk that their business could be exposed to and how to manage such risks. The government regulating agency (SMEDAN) should ensure that insurance coverage to ensure business continuity, to enhance easy and cheaper accessibility to insurance products by the small business owners.
Table of Content:
Title page
Certification ii
Dedication iii
Acknowledgement iv
Table of Contents vi
Abstract v

1.0 Introduction 1
1.1 Background of the Study 1-4
1.2 Statement of the Problem 4-5
1.3 Aims and Objectives 5
1.4 Scope of the Study 5-6
1.5 Research Questions 6
1.6 Hypothesis 6-7
1.7 Justification of the Study 7
1.8 Limitation of the Study 7-8
1.9 Significance of the Study 8
1.10 Operational Definition of Terms 8-9

2.0 Review of Literature 10
2.1. Introduction 10-13
2.2 Theories of Digitalization 13
2.2.1 Digitalization and the Future of Democratic Theory 13-16
2.2.2 Key Theories of Digital Culture 16-21
2.2.3 The First Stage Theory of Digital Transformation 21-23
2.3 Conceptual Framework 23
2.3.1 Digitalization 23-24
2.3.2 Insurance Advisor 24
2.3.3 Digitalization and Insurance Adviser 24-27
2.4 Empirical Literature 27-30
2.5 digitalization change in value chain and its effects insurance penetration
3.0 Research Methodology 36
3.1 Introduction 36-37
3.2 Area of Study 37
3.3 Research Method and Design 37
3.4 Method of Data Collection 38
3.5 Study Population 38
3.6 Sampling Design and Procedures 38-39
3.7 Research Instrument 39-40
3.8 Reliability of Research Instrument 40
3.9 Method of Data Analysis
4..0 Data Presentation and Analysis 41
4.1 Introduction 41
4.2 Data Presentation 41-45
4.3 Analysis of Data According to Research Questions 45-65
5.0 Summary, Conclusion and Recommendation s 66
5.1 Summary of Findings 66-67
5.2 Conclusion 67-68
5.3 Recommendations 68-69
5.4 suggestions for further studies 69
References 70
Questionnaire 71-73
In the past two decades, digital technology has transformed the world. Digitalization has altered virtually all aspects of human endeavor, government (e-tax administration system), business (e-commerce and payment solutions), travel (online booking, visa application), publishing (e-books, e-news) and even finance (e-banking).
Today in developed world services sectors including insurance, employs different forms of digital technologies to facilitate their day to day operations. Digitalization is applied in the insurance industry for information purposes, application submission, proposal preparation and online contract conclusion, notification of claims, probable address changes, access to customer and contract data (fadun, 2013).
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