Nexus Between Underwriting Operation And Financial Performance Of Non-life Insurance Companies In Nigeria

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY: Insurance is a provision of a system of compensation for loss, damage, sickness, death and other unbearable circumstances in return for regular payment of a pre-determined premium. Insurance companies are important for both businesses and individuals as they indemnify the losses and put them in the same positions as they were before the occurrence of the loss. Insurers also provide economic and social benefits in the society i.e. prevention of losses, reduction in anxiety fear and increasing employment (Omoke, 2012). Underwriting and …