An Assessment Of Adequate Risk Recognition And Management In Nigerian Insurance Companies (a Case Study Of Leadway Assurance Company. Plc. Kaduna)

ABSTRACTThe assessment of adequate risk recognition and management in Nigerian insurance industry is aim at determining the effectiveness of how the insurance industry handle risk that is being transferred to them and also to assess how insurance companies render their services. The statement of problem include lack of adequate claims settlement procedures which are characterized with bureaucracy and lack of proper fixed or computed premiums which endangers the solvency and profitability of the insurance companies. The researcher finds including, prompt settlement of claims by the insurer…