The Volume of Marine Insurance Business in an Insurance Firm and Its Impact on Corporate Turnover
The Volume of Marine Insurance Business in an Insurance Firm and Its Impact on Corporate Turnover
Abstract of The Volume of Marine Insurance Business in an Insurance Firm and Its Impact on Corporate Turnover
This project is purely an academic exercise presented to the department of insurance, IMT, Enugu in partial fulfilment of the requirement for the award of higher national diploma in insurance
From the project titled” the VOLUME Of MARINE INSURANCE ON CORPORATE TURNOVER”. This research work looks into the relatives contribution of marine insurances to the total presume income of UNIC insurance plc, a company established in 1965 and which underwriters insurance risks in all classes of insurances business (life and Non-life).
It also focus on the establishment of a period of three years 2003, 2004 and 2005 and the comparative growth in earnings attributable to marine insurance.
The methodology deals with the company’s investigation and analysis of actual corporate performance. It also deals on the major problems which UNIC PLC pace in generating higher premium income from marine insurances free from fraudsters.
The objective of this study broke into
1. How it can identify the major non-life insurance business from UNIC PLC from 200-2005 and he specific contributions of marine insurance to overall performance.
2. It also determine the relative importance and volume of marine insurance as a revenue generating sources.
3. It also gains an inside knowledge of marketing operating of marine insurance business, the customer profile and the procedure for claims requirement.