Select Currency
Translate this page

RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES

Format: MS WORD  |  Chapter: 1-5  |  Pages: 73  |  1907 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES

 

ABSTRACT

This research work titled “Risk management as an efficient means of achieving corporate objectives” Some of the problems that led to this research work includes poor risk management in the country and non performing of duty by insurance practitioners. This research work examined the various problems facing the insurance practitioners which has been preventing them from playing their roles in risk management in Nigeria. Investigated into the reason for poor risk management which has ruined Nigerians insurance industries in the past. Examined why there has been daring escapades on the part of risk managers in performing their duties in the past. Data for the study was sourced from two main sources which include Primary and Secondary sources of data collection. Primary data: Questionnaires and oral interviews were used to collect information from the respondents. Secondary data : Journals, magazine and other relevant materials relating to the area of my investigation was reviewed. Extensive literature review was carried out on direct literature and indirect literature on books, journals and past works. The research instrument used in this study includes oral interview and questionnaire.  The questionnaire is structural as to contain both close and open ended question. Simple tables, pie-charts and percentages was used in treatment of data while chi-square was used in the research work. This study shows that there are mere courageous and daring escapades on the past of risk managers in performing their duties. The researcher recommends that risk management department should be established to be managed by a competent professionally qualified risk manager.

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Risk is an ingredient of all human life. How best to live with, is a problem for every individual and indeed every corporate body for a long time around, men has so urgent ways of controlling the risk elements to which individual, as private or public or as commercial and business ventures as exposed. Until about 25 years ago, the idea of risk management was thought of a subject and as a result of distaste. On the part of corporate and individual insurance buyers will gross inadequate premium rebate, given by insurance underwriters, to compensate for higher risk retention and loss prevention techniques being adopted for their insured risks.

Before looking at the meaning of “risk management” it will be curtail to briefly appreciate and examine the concept of risk “W.J” willet defined risk as objectified uncertaintly regarding undesirable events. Also by L.J meldrum defined risk as “the protection of assets, earning, liabilities and people of an enterprise with maximum efficient and at minimum cost.

Risk management can be defined as the process or transfer mechanism of identification, evaluation and earning of business or other enterprise with the minimum cost and maximum efficiency in a paper presented by “Insurance Training Centre” Ogere Ogun State in April, 1987 titled scope of risk management extend beyond mere handling of Insurable risk; it does encompassed, the management of all types of risk. Risk management is concerned with formally some forms of defensive strategy, which takes account of organizational assets and objectives.

This pieces of work will critically examine the various mechanism employed by corporate body in the assessment of risk. This will include;

A.  process of identification

B.  evaluation

C.  monitoring and controlling of such risk

The identification of risk will include information on the proposal from which reveals the physical and moral hazards of the subject matter of insurance. The identified risk which threatens a corperate assests. The monitoring and control of risks highlight the physical and financial control of risks that theaters assets. The centre pieces of this work will be to thoroughly analyze various means of identifying corporate objectives. These will include retention, reduction and transfer of risk. Also, taking steps pre loss and post loss objectives and the procedure for transfer and reduction of loss.

The entire work price will be comprehensively packaged by ascertaining various hazard and inherent liabilities present at the risk and makes recommendations based on experts. Opinion to enable underwrite to decide whether the risk offered is acceptable at standard rate or otherwise finally, I will also suggest ways and means for prudent risk management in respect with those risk that corporate bodies in an entity is faced with and bring about reduction to loss exposure.

1.2     STATEMENT OF THE PROBLEM

The following problems led to this research work:

1.  There are so many problems facing the insurance practitioners which has been preventing them from playing their roles in risk management in Nigeria.

2.  In the past poor risk management has ruined Nigerians insurance industries.

3.  There has been daring escapades on the part of risk managers in performing their duties in the past.

1.3     OBJECTIVE OF THE STUDY

The purpose of this research work is to examine and pronounce the challenges of the insurance practitioners (risk mangers) in making a better Nigeria by providing ways and means of curbing risk in our industries so as to improve national development and growth.

Based on this fact, the following factors were considered as the major objective of the study

1.  To recommend ways by which the insurance practitioners and risk managers can surmount the many constrains facing them and play a very important role in risk management in Nigeria.

2.  To determine the extent in which bad risk man against ruined Nigerians industries in the past.

3.  To encounter the need for mere courageous and daring escapades on the past of risk managers in performing their duties.

4.  To critically look into the reason why risk management had continued to elude the people of Nigeria.

5.  To examine and determine the contributions of insurance practitioners and risk management in the control of risk in Nigeria.

 

  DOWNLOAD THE FULL PROJECT

RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for RISK MANAGEMENT AS AN EFFICIENT MEANS OF ACHIEVING CORPORATE OBJECTIVES, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!