Canonizing Promptness: A Re-Think on Insurance principles In the Nigeria Insurance Sector
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 7
Abstract
This paper examines the effectiveness of promptness as a principle of insurance services.Utilizing the content analysis approach to review literatures from various studies, it is this paper’s position that if promptness is canonized, there will be several efforts to reframe the rule and practice of insurance and its effect will enhance and increased productivity in the industry. Also, promptness will teach and encourage parties to do what they are expected to do with little delay. It will task both parties to be alert to their responsibilities so as to attract better result and change the fortune in insurance, thus, promptness need to be canonized as a principle in the insurance sector. To curb the menace of neglect in the insurance sector, this paper recommends that the principle of promptness be introduced and implemented into the practice of insurance. This will drastically change the operation of insurance for the better.
Authors and Affiliations
Fiiwe, James Leekaaga
Keywords
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- EP ID EP412091
- DOI 10.9790/487X-2007020811.
- Views 72
- Downloads 0
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