IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY

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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.

TABLE OF CONTENT

Title page

 i Certification                                                                  ii

Dedication                                                                    iii

Acknowledgement                                                         iv

Abstract                                                                       vii

Table of content                                                            viii

CHAPTER ONE

1.0 Introduction                                                            1

1.1      Background of study                                               1

1.2      Statement of the problem                                        5

1.3      Objective of study                                                  6

1.4      Research Question

1.5      Significance of the study                                        7

1.6      Scope and Limitation of the study

1.7      Definition of terms                                                  11

CHAPTER TWO

2.0 LITERATURE REVIEW

2.1      History of computerized management system

2.1    History of topic of study

2.3 Information technology and insurance industry.

2.4    Effect of information technology on customers satisfaction in Nigeria financial institutions.

2.5 Impact of technology on insurance industry

2.6 Applications for the insurance industry

2.7 The use of technology in insurance

2.8 Technology and distribution of insurance and advertising of insurance services

2.8 Summary of related review

CHAPTER THREE

3.0      Research Methodology                            26

3.1      Data Collection                                                   26

3.2      Research design                                                   27

3.3      Population of the study                                       29

3.4      Sampling method used                                        29

3.5      Instrument for data collection                             30

3.6      Validity of the Instrument                                     31

3.7      Reliability of Research Instrument                     32

CHAPTER FOUR

4.1      Findings                                                                      33

4.2      Discussion of findings                                             45

CHAPTER FIVE

5.1      Conclusion                                                             51

5.2      Recommendations                                            52

Bibliography                                                                 55

Appendix                                                                     56

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IMPLEMENTATION OF A COMPUTERIZED MANAGEMENT SYSTEM IN INSURANCE INDUSTRY

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