Effect Of Claim Settlement On Profit Maximization In The Insurance Industries (a Case Study Of Nicon Insurance Company)

ABSTRACTThis project work has critically highlighted the compact of claims settlement on profit maximization in insurance industry, the problems of 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 indicated in the study.  This study also examines the lapses and recommends some viable points that can also contribute to the image of the industry.  In conclusion for effective…