Select Currency
Translate this page

IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY

Format: MS WORD  |  Chapter: 1-5  |  Pages: 75  |  1688 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY

 

ABSTRACT

The study examines the implementation of computerized management system in insurance industry.  It identifies the imperatives for adoption of technology to promoting efficient and effective service delivery in the insurance industry as a strategy for attainment of profit maximization objectives of insurance company in Nigeria. The study is an empirical design which utilizes responses of structured questionnaire of 160 respondents from 3 insurance companies to explore the impact of technology adoption and insurance companies profitability in Nigeria. This implies that the adoption of technologies by insurance companies enhanced their efficiency, quality of service delivery and profitability. The study included the implementation of a computerized management system has positively effected insurance industries in Nigeria. One of the findings of the research is that there is improvement in the computerized management system in the insurance industry since it was computerized. And one of the recommendations is that physical control should be established for overall security of data centre to prevent physical damage to hardware and software or injury to personnel arising from fire or other hazard and to prevent theft.   

 

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Introduction of computer in the in the insurance sector has improved every aspect of the industry. Technology plays a major role in data management process at an insurance companies by providing flawless services from underwriting policies, producing documents to collecting various ratings and data. The state of the art implementations offers instantaneous accurate information about different insurance's to the clients. Insurance firms regularly  spend a part of their yearly premiums on morden technology that aids in enhancing the overall performance of the organization. Insurance technologies helps the insurance agents to immediately respond to the requirements of the customers and technology has managed to cut back the annual expenditure of the organizations. The basic purpose of insurance technology is to reduce the paper work of proposals and policies also address the customer service effectively in a shorter time than any other traditional method. Information technology in insurance has made it easier for the customers too. Online availability of insurance agencies allow the client in dealing with application procedures, signing proposals and policies as well as in receiving quotes without even visiting the insurance office in person.

The best part of technology in insurance is that it help the in reducing the cost by eliminating the mail rooms, paper files as well as data entry clerks. The elaborate underwriting data processing and the rating take place online and customers or brokers receive the email policy documents within a short time. This online advantage. However, comes with a price. The system requires a substantial initial investment in it primary stages but the owner certainly gets his returns on investment over the years that has come equipped with superior services and response timing. Various innovative technological applications allows the insurers to recognize the risks and opportunities easily. The modeling device examines the loss histories and compare them with the risk characteristics  while it searches for correlation's. Such insurance technology help the insurance companies to charge higher prices for the higher risk client base and lower price for the safer opportunities. There are a variety of insurance technologies available in the market. The hardware and the insurance software should be chosen depending on the business necessities of the insurance agencies. Different insurance management systems and comparative rating system enables the firm to generate more revenues by decreasing the span of output and input procedures.

Insurance technologies have made insurance services mobile with the availability of smart phones and such devices. Insurance companies use these devices to provide faster services like view policies, obtain quotes, and report claims through live chart application. Such improvement would have been impossible if there were no insurance technology available within the industry.

1.2 STATEMENT OF PROBLEMS

The problems that led to this project are as follows:

1.  There has been no improvement in management of insurance industry since there has been computerized management information system.

2.  The introduction of management computerized system has failed to achieve the objectives.

3.  The computerized system displaced some people from their job.

1.3 OBJECTIVE OF THE STUDY

1.  To determine whether there is improvement in computerized management system in insurance industry since it has been computerized.

2.  To expose those areas in which management of computerized firm has failed to take advantage.

3.  To examine some presumption that have existed around the computer has displaced some people from their job.

1.4 RESEARCH QUESTIONS

1.    Has the computerization management system improved the method of advert in the insurance industries?

1.  Are customers effectively and satisfactorily served better now wish the computerization of insurance industry?

2.  Has computer in any way displaced people from their job?

3.  Before now, how is their profitability level and at present any improvement?

4.  What are the applications of computerized system for the insurance industry?

1.5 SIGNIFICANCE OF THE STUDY

This study will be of immense benefit to the under-listed persons: 

1. Students:

Students that will be undergoing further study on the related topics will find this to be very helpful. Computerized system is new in insurance industry and they will find the point raised very useful.

2. Stake holders:

Stake holders will find this book to be very useful. If they is they recommendations of this work is implemented. They will help the users.

3. Insurance company:

If the recommendations are implemented, the companies will find their works easy.

4. Country at large:

The nation will benefit if the recommendations are implemented because, the profits of companies will improve and this will increase the nation's Gross Domestic Product (GDP).

1.6 SCOPE AND LIMITATION OF THE STUDY

Scope:

The scope of the research work is limited to Enugu metropolis and its environs.

Limitations:

The problems faced by the researcher include lack of finance, research materials and time.

Lack of money prevented the researcher from traveling outside Enugu to search for materials.

Time: the time allocated to the project work is too short coupled with other academic activities.

Research materials: lack of research materials is another problem that faced the writer.

Poor response from the respondents: many of them fear that their masters will victimize them if they release informations.

1.7 DEFINITION OF TERMS

TRAINING: The process of learning skills needed to do a job.

DEVELOPMENT: The gradual growth of a thing so that it becomes more advance and stronger.

GROWTH: The growth of gross domestic product (GDP) of any economy.

IMPLEMENTATION: The act of implementing a plan, policy etc.

COMPUTER: An electronic machine that store information and do things with it according to a set of instructions called a programm.

INSURANCE: An arrangement with a company  in which you pay them money each year are they pay the costs if any thing bad happens to you, such as illness or an accident.

TECHNOLOGY: Knowledge about scientific or industrial methods or the use of these methods. The application of modern technologies to agriculture.

INFORMATION: Fact of details that tell you some thing about a situation, person, event etc.

EMAIL: Mails that are transmitted electronically.

CLIENT: Some one who pays for service or advice from a person or organization.

  DOWNLOAD THE COMPLETE PROJECT

IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
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 iprojectmaster.com, 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...
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
JONNAH EHIS
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!!!
Excellent
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
MATTHEW NGBEDE
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!
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY?

Simply click on the Download button above and follow the procedure stated.

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

How fast can I get this complete project on IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY?

Within 15 minutes if you want this exact project topic without adjustment

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

What if I want to change the case study for IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will 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: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 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: +234 813 292 6373

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!