The introduction of mergers and acquisition, the back ground of the study which states the different problems that brought about mergers and acquisitions which are the inability for the industry to settle claims, bad eggs in the insurance industry/ poor management of founds in the industry, inability to bring up better services and innovative ideas that can enable the industry grow. Insurance has not been able to get to the rural area, it makes insurance non-popular profession that one must study, but since it has failed in this area, the common man find it difficult to know what insurance is all about.
In order for the industry to stop the liquidation in the industry, the body called the insurance commission now brought about this means of merger and acquisition to improve and uplift the industry to have an outstanding and stronger insurance in Nigeria.
CHAPTER ONE
1.0 Introduction 1
1.1 Background of Study 1
1.2 Statement of Problems 3
1.3 Objective of the study 5
1.4 Significance of the study 6
1.5 Scope of the study 6
1.6 Limitation of the study 7
1.7 Definition of terms 7
CHAPTER TWO
2.0 Literature review 10
2.1 Concepts of mergers and acquisition 10
2.2 Why mergers and acquisition 11
2.3 Methods of mergers and acquisition 15
2.4 Types of mergers and acquisition 17
2.6 Statutory provisions for mergers and acquisition 20
2.7 Impact and roles of government bodies on
mergers and acquisitions 24
2.8 References 26
CHAPTER THREE
3.0 Research design and methodology 28
3.1 Sources of data 28
3.2 Population of the study 29
3.3 Sample size 29
3.4 The Questionnaire 29
3.5 Collection of data 30
CHAPTER FOUR
4.0 Presentation and analysis of data 31
4.1 Analysis of the questions
CHAPTER FIVE
5.0 Summary of findings and conclusion 47
5.1 Conclusion 47
5.2 Recommendation 50
5.3 Bibliography 52
5.4 Appendix 53
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Merger is involved with the combination of two different companies to form one entity with the intension of achieving a particular goal. While
Acquisition takes place when one company purchases the assets of another and inherits its liabilities. Mergers and acquisition was introduced into insurance industry due to their:
INABILITY TO SETTLE CLAIMS; since the taste of a good insurance transaction lies in the manner in which claim is being handled by the industry, but majority of our insurance industries have failed due to lack of fund to settle or compensate their insured. And this leads to lots of disputes between the insurance and their policyholders, and this area has impinge more on the image of an insurer and the insurance industry as a whole because most of the industries cajole their insurers into paying premium when due, but slow down when it comes to paying claims. Reasons is because most of the industries don’t have sufficient funds or the investments that fetch money to enable them settle their clients, but rather formulates a thing or the other to wave the settlements. This has brought a bad name to insurance company as a whole as people call them names like selfish lots, sets of legalized cheats it’s a useless exercise to insure in Nigeria and that their clauses are hardly explained to clients while selling polices.
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