CHAPETR ONE
INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research Hypotheses
1.5 Significance of the study
1.6 Scope and limitation of the study
1.7 Definition of terms
1.8 Organization of the study
CHAPETR TWO
2.0 LITERATURE REVIEW
CHAPETR THREE
3.0 Research methodology
3.1 sources of data collection
3.3 Population of the study
3.4 Sampling and sampling distribution
3.5 Validation of research instrument
3.6 Method of data analysis
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS AND INTERPRETATION
4.1 Introductions
4.2 Data analysis
CHAPTER FIVE
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
Appendix
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
CHAPTER ONE
INTRODUCTION
- 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 international communities. They are currently participating in the local content initiative of out and gas business energy insurance marine and aviation and other transportation 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. Nigeria is not only seen as a leading country in Africa in the field of sports but also a world achiever in the field such as world cup of various categories is over emphasized. because he scored four goals in match.the family comprehensively recovered by way of insurance protection which is not obtainable in Africa setting Ukpai (2004) advocated that insurance in sports will create confidence, provides for retirement protection, protects various elements of disability and equally improves an economy. Mordi (1988) Opined that a country with adequate insurance protection is a sick country and s healthy country is a wealthy nation. Based on this maximum it is plausible that we evaluate the contributions of insurance business in the development of sporting sector in Nigeria.
1.2 STATEMENT OF THE PROBLEM
Based on the nature of sporting activities in Nigeria and their inherent, the followings are the identified statement of problems;
- Studies have shown that Nigerian sports sector do not embraces insurance protection.
- Lack of awareness has been one of the challenges faced by insurance industry.
- Another major challenge facing Nigerian insurance industry is nonpayment of claims which results to loss of image and confidence in insurance contract by the sports sector.
1.3 OBJECTIVE OF THE STUDY
The aim of this research work is to evaluate the contributions of insurance in the sports sector in Nigeria. The specific objectives of this research work include the following;
- To investigate why Nigerian sports sector do not embraces insurance protection.
- To investigate the factors militating against the insurance industry not to create adequate awareness about sports insurance protection.
- To know why insurance industry does not pay claims immediately which results to loss of image and confidence in the sports sector?
1.4 RESEARCH HYPOTHESES
Based on the above research objectives and questions, the researcher formulated the following research hypotheses;
Ho: Nigerian sports sector do not embrace insurance protection.
H1: Nigerian sports sector embraces insurance protection.
Ho: Nigerian Insurance industry does not create adequate awareness about sports insurance protection.
H1: Nigerian Insurance industry creates adequate awareness about sports insurance protection.
1.5 SIGNIFICANCE OF THE STUDY
The study will give clear insight on the contribution of insurance in the sports sector of Nigeria. The study will be beneficial to students, sport sector and the general public. The study will also serve as reference to other researchers.
1.6 SCOPE AND LIMITATION OF THE STUDY
This research work will focus on the contributions of insurance in the sports sector in Nigeria. The area of this research work is Nigerian football association Enugu state chapter. The researcher encounters some constrain which limited the scope of the study;
- a) AVAILABILITY OF RESEARCH MATERIAL: The research material available to the researcher is insufficient, thereby limiting the study
- b) TIME: The time frame allocated to the study does not enhance wider coverage as the researcher has to combine other academic activities and examinations with the study.
- c) Organizational privacy: Limited Access to the selected auditing firm makes it difficult to get all the necessary and required information concerning the activities
1.7 DEFINITION OF TERMS
CONTRIBUTION: The part played by a person or thing in bringing about a result or helping something to advance.
INSURANCE: Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss
SPORT: An activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment.
1.8 ORGANIZATION OF THE STUDY
This research work is organized in five chapters, for easy understanding, as follows
Chapter one is concern with the introduction, which consist of the (overview, of the study), historical background, statement of problem, objectives of the study, research hypotheses, significance of the study, scope and limitation of the study, definition of terms and historical background of the study. Chapter two highlights the theoretical framework on which the study is based, thus the review of related literature. Chapter three deals on the research design and methodology adopted in the study. Chapter four concentrate on the data collection and analysis and presentation of finding. Chapter five gives summary, conclusion, and recommendations made of the study
