THE IMPACT OF INSURANCE COMPANIES TOWARDS THE DEVELOPMENT OF BUSINESS ENTERPRISES: CASE STUDY OF NATIONAL DEPOSIT INSURANCE CORPORATION (NDIC) YOLA

Abstract

This study discusses “The Impact of Insurance Companies towards the Development of Business Enterprises: Case study of National Deposit Insurance Corporation (NDIC) Yola”. The study looks at some challenges faced by insurance companies in the discharge of their duties that contribute to Business Enterprises in Nigeria. The major objective of the study is to assess the impact of insurance company towards the development of business enterprise in Yola of
Adamawa State. The research design used for this study is survey research method. The population of this is 53 staff. Therefore, the research tends to carry out research on the whole population; sampling techniques will not be required because of the small size of the population. The instrument used for collecting data from the respondents is the questionnaire, and the data gathered from the respondent was analyzed using simple percentage and chi-square to analyze
the data. The findings shows that continual changes in government regulations hindered insurance companies from providing available fund security to business enterprises in Yola. The study therefore, recommended that government should ensure stable and reliable policies and regulations in order to help insurance companies to make appropriate plans towards enhancing and financing business enterprises in Yola and Adamawa state at large.