Select Currency
Translate this page


Format: MS WORD  |  Chapter: 1-5  |  Pages: 73  |  832 Users found this project useful  |  Price NGN3,000





This study is titled the implications of ownership structure of insurance companies on policy holders patronage. I looked into the problem that often associates with ownership structure of insurance companies in Nigeria like lack of fund for expansion in order to carryout its day to day activities, bad records of some past insurance companies in Nigeria, the background of the company and lack of governments total supervision over the companies. I equally looked into the objectives of the study which include identifying the effect of each ownership structure and its implication on the policyholder and also identifying the possible solution in tackling the effects of policyholder’s patronage to private indigenous companies. Through the literature review, it should be noticed that work has been done on the classification of insurance business in Nigeria, the development of insurance industry, indigenization policy, decrees, basic principles of insurance and their effects on the insurance industry. prospects of adequate management of insurance companies is also highlighted. The research so far done which relates to this work has been carried out without consideration for the understanding of ordinary investors who have no knowledge of the legal aspect of ownership in an insurance industry. I equally looked into the research methodology which includes sources of data collection. The sources include primary sources and oral interview. It further looked at research instrument used and validity of the instrument. I also looked at summary of findings which include findings and discussion of findings. furthermore, I looked at the conclusions, recommendations and suggestion for further studies. This project tends to review the structure of ownership of insurance companies in the country and analyze its implications on policyholder – (customers) patronage, this will centre on the attitude of owners towards maintaining good insurance customer’s relationship, and how the policy holder claims and pays premiums.





Insurance plays a vital and important role in the economic development of the society. It pools funds for economic losses of the society from where It can indemnify the policyholders should the claim arise at any time. The wide spread of insurance industry in Nigeria was traditionally based on the mutual solidarity that made up the insurance business structure. This work captioned “the implication of ownership structure of insurance companies on policyholder patronage” is trying to pin point the reaction of policyholders over the ownership of insurance companies throughout the federation. It is basical to know if consumers of insurance product, actually prefer individuals managing insurance companies other than government and what benefit they derive from one particular insurance company over others may be due to its structure, activities, good will, aims and objectives.

The conglomeration of different insurance companies in Nigeria made the citizens who are well vast in insurance business apply to be shareholders in the various companies which they felt have solid asset base. This is because they fear that some insurance companies do not settle claims as at when due or at all. During the era of Llyods where the insurance business started, people never thought of the structure or the ownership of the business, they are only after their goods, business which should be adequately insured and protected. These problems were obstacles to insurance growth and needed  drastic solutions to combat them.


Ownership of insurance companies in the federation are faced with the following problems and prospects amongst which are:

·   Lack of fund.

·   Bad records of some part insurance companies in Nigeria.

·  The background of the company.


(i) Identifying how lack of fund posses as a problem to ownership of insurance companies.

(ii)    Ascertaining if bad records of some past insurance companies stand as a problem to ownership structure of insurance in Nigeria.

(iii)   Identifying how the background of a company stands as a problem to ownership of insurance companies.

·   Ascertaining how lack of government supervision posses as a problem to the ownership structure of insurance companies in Nigeria.


(i)  Does lack of fund act as a problem to the ownership structure of insurance companies in Nigeria?

(ii)    Does bad record of some past insurance companies stand as a problem to the ownership of insurance companies in Nigeria?

(iii)   Does the background of a company stand as a problem to ownership of insurance companies in Nigeria?

(iv)   Does lack of government supervision stand as a problem to ownership structure of insurance companies in Nigeria?


(a)    It enabled the students to be more careful in obeying the ethics of their profession.

(b)    It also directed the investors on the possible areas to invest, and enabled those that have already invested to have the edge to understand themselves better.

(c)    It enabled the general public to know the importance of insurance products and how best to obtain policy covers.

(d)    It directed the insurance company on how to improve the economy of the insurance business.

(e)    It gave the government the possible solutions on how to tighten their belt if there is any loophole in their control.


SCOPE:  In the course of carrying out this research      work, I went to some insurance companies like IGI, NICON, and STANDARD ALLIANCE, to make inquiries. I also went to insurances brokers and agents to ask questions pertaining to the study.

LIMITATIONS:   This research work is limited in certain areas. I was hindered from going beyond where I reached due to some factors like: limited time, finance, and poor transportation system.


(i)     Claim – This is a demand by the insured for payment under his policy

(ii)    Conglomerate – Group of companies that perform the same function

(iii)   Insured – These are the potential policy-holder of the company

(iv)   Insurance Company – This is the company that sells the service to the insured

(v)    Ownership – Individual or people that own a particular company

(vi)   Policy-holder – The person who owns the policy and who pays the premium usually the insured

(vii)  Product – This is the particular risk that is being insured

(viii) Patronage – The ways individuals patronize insurance companies

(ix)   Premium – Little consideration the insured pays to the insurance company in view of the risk insured

(x)    Proposer – Intending insured.


Dickson, G.C.A. etal (1982): Introduction to Insurance, Great Britain, Pitman.

Irukwu, J.O. (1977): Insurance management inAfrica, Ibadan, caxon press.

Insurance year book (1996) a pp. 5-9.


Not What You Are Looking For?

For Quick Help Chat with Us Now!

+234 814 010 7220

+233 54 135 1187

Here's what our amazing customers are saying

Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Gbadamosi Solomon Oluwabunmi
Swift delivery within 9 minutes of payment. Thank you project master
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.


  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on +234 814 010 7220 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.


How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 814 010 7220

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!