DESIGN AND IMPLEMENTATION OF A COMPUTER BOARD INSURANCE MANAGEMENT SYSTEM A CASE STUDY OF UNIVERSAL INSURANCE COMPANY LIMITED ENUGU

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CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

In all sector of the society there are disasters which take may forms and no human being is immuned to them. There is no way of knowing who will have a loss or when a loss will happen. But at least some of the monetary casually can be met up by a group of people who come together to bear the risks of others. These people are known as “INSURANCE”. Companies compensate for the financial losses suffered as a result of those risks of life. They do not stop the disasters or misfortunes from occurring but rather they suffer the offering of monetary compensation to the insurable victims. This work is developed so that most of the work done manually in the insurance companies can be carried out using computers with the aim of achieving efficiency and accuracy in the operations of business and also to make the task insurance manager easier through providing them with management information within a short period of time. In developed countries, insurance companies are the second larges users of computer but it’s use in the Nigerian insurance companies are comparatively very low. There are several areas of application of computers insurance companies. The use of computers insurance companies try to guard themselves against staff shortages in additions to performing the administrative work associated with customer’s policies like keeping records of customers, proposals, calculations of premises claims when necessary. Despite the fact that computers have been extensively used in insurance industries in Europe and America for over forty year, it’s use in the insurance industry in Nigeria is comparatively recent and very low.

DESIGN AND IMPLEMENTATION OF A COMPUTER BOARD INSURANCE MANAGEMENT SYSTEM A CASE STUDY OF UNIVERSAL INSURANCE COMPANY LIMITED ENUGU