ANALYTICAL STUDY OF MERGER AND ACQUISITIONS IN THE INSURANCE INDUSTRY IN NIGERIA
ABSTRACT :Â This project is divided into different stages for ease of references of simplification of analysis which goes as follows: The introduction of mergers and acquisition, the background of the study which state the different problems that brought about mergers and acquisition which are the inability to settle claims, bad eggs in the industry, inability to bring up better services and innovative ideas that can enable the industry grow. Insurance has not been able to get to the rural area, it makes insurance non-popular profession that one must study, but since it has failed in this area, the common man find it difficult to know what insurance is all about. In order for the industry to stop the liquidation in the industry, the body called the insurance commission now brought about the means of mergers and acquisition to improve and uplift the industry to have an outstanding and stronger insurance in Nigeria, and I concluded that mergers will help the reliability and growth of insurance companies in Nigeria and also help them to settle claims. Finally I recommended that government should give more power to the commission of insurance to enable them carryout the task effectively in the country.
TABLE OF CONTENTS
CHAPTER ONE
1.0Â INTRODUCTIONÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 1
- Background of the Study                                        1
- Statement of the Problems                              4
- Objective of the Study                                     5
- Research Questions                                         6
- Significance of the Study                                        6
- Scope and Limitation of the Study                    7
- Definition of Terms                                         8
CHAPTER TWO
2.0Â REVIEW OF RELATED LITERATUREÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 10
- Overview                                                       10
- Why Mergers and Acquisitions                                 11
- Methods of Mergers and Acquisitions                 15
- Types of Mergers and Acquisitions                     17
- Statutory Provision for Mergers and Acquisitions 20
- Impact and Role of Government Bodies on
Mergers and Acquisitions                                        24
- Benefits of Mergers and Acquisitions                  25
- References                                                     27
CHAPTER THREE
3.0Â RESEARCH METHODOLOGYÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 28
- Sources of Data                                              28
- Population of the Study                                   29
- Sample Size                                                   29
- The Questionnaire                                           31
- Validity and Reliability of the Instrument                   33
CHAPTER FOUR
4.0Â SUMMARY OF FINDINGS AND DISCUSSIONÂ Â Â Â Â Â Â Â 34
- Summary of Findings                                      34
- Discussion of Findings                                     34
CHAPTER FIVE
5.0Â CONCLUSION AND RECOMMENDATIONSÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 37
- Conclusion                                                     37
- Recommendations                                          40
Bibliography                                                   42
Appendix I                                                   44
Appendix IIÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45
CHAPTER ONE
INTRODUCTION
1.1Â BACKGROUND OF THE STUDY
Merger is involved with the combination of two different companies to form one entity with the intension of achieving particular goal. While acquisition takes place when one company purchase the assets of another and inherits its liabilities.
