DESIGN AND IMPLEMENTATION OF A COMPUTER BASED INFORMATION SYSTEM FOR UNDERWRITING INSURANCE POLICIES
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CHAPTER ONE
1.1       INTRODUCTIONS
In a sector of the society there is a disaster, which many forms and on human being is immured to them. There is no way of knowing who may happen. But at least some of the money problems were net up by a group of people who come together to bear risks of others, these people are known as “ Insurance”Companies compensate or indemnity the return for the financial loss suffered as a result of those risks or life.
They do not set out to eliminate the loss and cannot stop the disaster or misfortune from occurring but rather they suffer the blow in a purely financial sense of offering momentary compensation to the nation.This project is developed so that most of the work done manually in to the insurance companies will be  carried out using computers with the aim to achieve efficiency and accuracy in the operations of the business (underwriting) and also to make the task of insurance managers cashier to providing them with additional information.In developing countries, insurance companies are the second largest users of computers but its use in Nigerian insurance companies are comparatively very low.
There are several areas of applications of computers in insurance companies apart from the ones mentioned above, the use of computers in insurance companies try to guard themselves against staff shortage, in addition to performing the administrative work associated with customer’s proposal calculations of premiums and claims when necessary.
1.2    STATEMENT OF THE PROBLEM
The need for proper and accurate information for the underwriting of insurance policies cannot be over emphasized. But some insurance companies neglect this resulting in poor performance of such company. Accurate information for the underwriting of insurance policies is very essential especially those policies that involves human life.
In a case where false and inaccurate information flows in and out, the company is bound to encounter settlement of claims, commissions, premiums of individual life assurance proposals.In NICON Plc, the company is still facing the problem of misfiling, many hands handling one file, missorting of files due to processing file manually.
Since NICON is a very big company with many deportments each department need to be computerized so as to carry it work efficiently for instance, the actuarial services department, which centers on the computation relating to premiums of individual life assurance proposals, preparation of accounting and member’s for deposit administration schemes, liaison with consulting actuaries by supplying the necessary data for carrying out actuarial valuations.Another is the general accounting department that takes care of gerneal accounting functions like settlement of claims, commissions and other third party liabilities as well as budgetary control and funds management.
1.3    PURPOSE OF THE STUDY
The researcher deemed it necessary to carry out this work so as to point out those areas where the insurance companies lack behind. This s essential because insurance company likes NICON is one of every nation pride when we talk of economy. Not only that, it also involved indemnity.The purpose of this study therefore is to point out in the necessity for the computerization of every department in the company. I mean developing a software that will aid for easy and better information.Also, to emphasize on the benefits to be obtained if one engaged in a business with on insurance company like NICON. The emphasis is much laid on the indemnity, the need to ensure promptness in the settlement of claims.
1.4    AIMS AND OBJECTIVES
The role of the insurance in any polity is of bearer of risks. In other words, the populace can feel insulted from risks when they take advantage of insurance to rely on when unexpected strikes.It is for this reason that NICCON Plc was rooted into existence. It is interesting to note that insurance has over the years developed both positive and negative facts. Positive in its insulate function, negative in its refusal to perform this function. such as this negative facet rooted itself in one psyche that the average Nigeria would probably insure only what is decreed for him to insure, such as his car.Based on these the study wants to achieve the foll owing objectives.
1.       To find out whether there is a computer-based information system for underwriting insurance policies in the case study (NICON).
2.       To find out whether the company is able to carry out all the insurance policies especially those that involved underwriting.
3.       To examine the methods of information flow in and out of the company.
4.       To identify the various problems encountered by the organization in the management information serves department. 
5.       To male useful recommendation on the development of a software which can be used to solve the existing problems.
1.5    SCOPE OF THE STUDY
The system is designed to run on IBM PERSONAL COMPUTERS and its compatible. Because of the many aspects in the insurance companies, this system is based on the “Underwriting” aspects, which involved the various insurance polices (life and Non life Policies) carried out by collecting various date such as proposal’s particulars, calculate premium and claims required.

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