THE CONTRIBUTIONS OF INSURANCE IN THE SPORTS SECTOR OF NIGERIA

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THE CONTRIBUTIONS OF INSURANCE IN THE SPORTS SECTOR OF NIGERIA

ABSTRACT

In this research work titled ‘The contributions of insurance in the sports sector of Nigeria. The researcher investigated why Nigerian sports sector do not embraces insurance protection. Investigated the factors militating against the insurance industry not to create adequate awareness about sports insurance protection. The information for the study was collected using primary and secondary methods of data collection. For a primary data collection, while existing literature relevant to the topic was consulted for the secondary data. The research used chi-square statistical model to analyze the data. four major findings were made, based on the findings the recommendations proffered are; Nigerian sports sector should be educated on the benefit of insurance policies to enable them embrace insurance protection. Nigerian insurance industry should try as much as possible to settle claim, for the public not to see them as fraudsters.

TABLE OF CONTENTS

Title page                                                                           i

Approval page                                                                 ii

Dedication                                                                       iii

Acknowledgement                                                          iv

Abstract                                                                            vi

Table of contents                                                            vii

CHAPTER ONE

INTRODUCTION

1.1      Background of the Study                                       1

1.2      Statement of the Problem                                      3

1.3      Objective of the Study                                            6

1.4      Research Questions                                                7

1.5      Research Hypotheses                                             8

1.6      Significance of the Study                                        9

1.7      Scope and Limitations of the Study                       9

1.8      Definition of the Terms                                           10

Reference                                                                       13

CHAPTER TWO

REVIEW OF RELATED LITERATURES

2.1      An overview                                                             14

2.2      History Insurance In Nigerian Sports Sector         14

2.3 Historical Development of Nigerian Sport Sector    16

2.4      The Development of Insurance in Nigerian Sports Sector                                                                    27

2.5      Role of sports in the development of Nigerian

Economy                                                                 30

2.6 Sports Administration and Insurance in Nigerian  34

2.7 Analysis of Nigerian sports policies and its impact on Nigerian sports                                                           38

2.8      The Challenges of Insurance in Nigerian Sports Sector                                                                        44

Reference                                                                       46

CHAPTER THREE

RESEARCH METHODOLOGY AND DESIGN

3.1      An Overview                                                            49

3.2      Source of Data                                                        49

3.2.1        Primary data                                                       50

3.2.2        Secondary data                                                   50

3.3      Population of the Study                                          51

3.4      Sample size and Sampling Techniques                  52

3.5      Validity and Reliability of the Instrument             55

3.6      Method of data Presentation and Analysis            56

CHAPTER FOUR

DATA PRESENTATION ANALYSIS, DISCUSSION OF FINDING

4.1      An overview                                                             59

4.2      Data presentation                                                  60

4.3      Data Analysis                                                         61

4.4      Testing of Hypothesis                                             71

4.5      Discussion of Findings                                            78

CHAPTER FOUR

5.1      Summary of Findings                                             80

5.2      Conclusions                                                            81

5.3      Recommendations                                                  82

5.4      Suggestions for Further Studies                            86

Bibliography                                                           87

Appendixes                                                             90

Sample questionnaire                                            91

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

Nigerian insurance industry has been in a great trend of improvement from the pre-consolidation to the post consideration ear. They are smarting from the wealth sport industry from the recapitalization and expanding globally to compete internation communities. They are currently participating in the local content initiative of out and gas business energy insurance marine and aviation and other transportational and logistic risks. Hence, Nigerian supporting industry is an area that have not actually benefited from the activities of insurance since insurance has been defined as a social security welfare, it will help the  participants to boast their confidence in participating in sports without fear.

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THE CONTRIBUTIONS OF INSURANCE IN THE SPORTS SECTOR OF NIGERIA

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