THE DESIGN AND IMPLEMENTATION OF SOFTWARE FOR AUTOMOBILE INSURANCE SCHEME IN NIGERIA A CASE STUDY OF MOTOR INSURANCE DEPARTMENT OF UNIVERSAL INSURANCE COMPANY LTD. A RESEARCH PROJECT MATERIAL ON COMPUTER SCIENCE
The main purpose of the project is to design a software for insurance institutions. It studies the operations and concept of insurance companies. Insurance as a vital discipline, in the society deals with different security, policies and has a diverse relationship with other professional fields.
This project has been specially written and presented in a concise manger to cover the necessary back-ground information; to satisfy the needs of insurance institutions. It researched into the fundamental job operation of insurance, the data requirements, data manipulation, process on data, data requirements, data, data storage and retrieval, method of report generation are carefully analyzed and detailed findings are made a new computerized system are designed and implemented, the computerized system reduced the difficulties experienced in the old manual system. It is easier timely, more reliable and efficient in workflow.
The purpose of insurance is to provide end with greater financial security. We run risk everyday either by accident or loss of valuable property. One of the biggest risk people take is driving a car. There are newspaper, radio and television reports about automobile accidents. There is energy need to handle such risk. Automobile insurance handles it all.
Automobile insurance creates for one to share ones losses with here who have the same risk. In this economic risk and shared most effectively when many people are involved. Automobile insurance possible loss among large number of people and sharing the lost among many people reduces financial loss.
Automobile insurance companies are big business both terms of sales and employment as it contributes to our economic system by offering many services as well as jobs. It protects all kinds of perils and is available for all kinds of life, properly and health protection, decision making and right insurance plan and policy are important tasks to the automobile making.