ATTENTION:
BEFORE
YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE
INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN
GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000
ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE
BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
THE
CONTRIBUTION OF INSURANCE COMPANIES TO THE GROWTH OF SMALL AND MEDIUM SCALE
BUSINESSES
ABSTRACT
The purpose of this study was to establish the
relationship between the contributions of insurance companies and the growth of
SMEs in NICON basing on the following objectives; to examine major factors that
affects the growth of SMEs; to assess the contribution of insurance companies
to the growth of SMEs; to investigate the factors inhibiting the purchase of
insurance cover by SME operators and to determine the strength of the
relationship between insurance companies and growth of SMEs. The research was
descriptive in nature involving quantitative methods which was administered
through questionnaires. The total sample comprised of 65 respondents of all the
managers and employees of National Insurance Corporation. Simple random
sampling was used whereby the researcher went to NICON and administered
questionnaire to the sampled or selected employees. Primary data was obtained
from the library materials, textbooks, NICON brochures, internet and journals.
Data analysis was carried out using SPSS and frequency distribution tables.
Findings revealed that innovation is a strong empirical evidence for fast
growing SMEs, competition has a great effect on SMEs industry and credit
remains a great challenge to the growth of SMEs. Besides that insurance
companies mitigate risks and enhance loan acceptability by SMEs sector with
banks. However low income earned by SMEs, high premium cost and paperwork and
experience and beliefs inhibit the purchase of insurance cover by SMEs.
Nevertheless, there is a strong positive relationship between insurance
companies and the growth of SMEs at Spearman Correlation Coefficient.
It was concluded that improvement in business
skills increases the performance of SMEs. However insurance companies do not
lowers insurance rates and offer protection to SMEs income statements. In
addition SMEs being small in size and their inability to fully understand the
document limits them to get insurance cover. It was recommended that management
of NICON need to build a great relationship with SMEs as their customers in
orders to develop and grow them in trust and also lower the premium rates to
SMEs in order to improve on their performance. Also NICON need to have a fresh
look at the scope and spectrum of services provided to SMEs and has a better
understanding on the scale of enterprise sector.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following
instructions and information if you will like to order/buy our complete written
material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount
(#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project
topics
(2) Email
Address
(3) Payment
Name
(4) Teller Number
We will send your material(s) after
we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE
Comments
Post a Comment