THE INVESTMENT OF INSURANCE FUND IN NIGERIA A CASE STUDY OF HALLMARK ASSURANCE NIGERIAN PLC
The aim of the project is to evaluate or appraise the investment of insurance funds in the Nigerian economy. In order to carryout this project, some statement of problems were evolved, the purpose of study as the sample size and various instrument used for the collection of data. These helped to direct the course of this project work. The hypothesis were also tested and accepted with the responses received through administering of personal interview questions. On the whole, the purpose of the study were achieved and the problem statement answered. The researcher also received relevant literatures that relate to the topic of the research. The review of literature gave detailed information of the development and importance of the insurance industry in Nigeria, as well as the various classes of funds which they invest. There was a view of the legal requirement binding the investment of insurance funds in the Nigerian economy. Some of the reviews were explained in details. In the cause of the study, the researcher was able to note the problems that face the investment of insurance funds in Nigeria. Recommendations were also made on how these problems will be solved. Furthermore, in the course of the study, the data collected from respondents and the hypothesis were analysed and it was discovered that investment of insurance funds enhances the economy. Finally, in chapter five, the researcher concluded his finding, made suggestions for further research, in the area of enlightenment, provision of a developed capital market and recommended that the insurance companies should transact on cash basis, creation of insurance businesses and many other things.