<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Claims, being the heartbeat of the workability of insurance, are the most critical contact influencer between the insuring public and the insurer. It serves as a critical path to truth that shapes the policyholders’ ultimate perceptions of their insurers. Therefore, this study aimed at evaluating the relationships between claims settlement and risk attitudes, with specific reference to motor insurance policyholders in Lagos, Nigeria. The study adopted a cross-sectional survey research design. A survey based questionnaire was applied to 287 motor insurance policyholders. The findings-show that claims settlements are significant in attracting reasonable risk attitudes. The study recommends that motor insurance providers should put in place fascinating claims packages in order to boost the confidence level of the motoring communities. Government should rejuvenate and empower the motor insurance public complaint commission to address issues relating to motor insurance claims of either party in the motor insurance contract. Future research work could direct attention to insurance fraud issues emanating from the insurance claims settlement manual.</p>
</abstract>

Claims, being the heartbeat of the workability of insurance, are the most critical contact influencer between the insuring public and the insurer. It serves as a critical path to truth that shapes the policyholders’ ultimate perceptions of their insurers. Therefore, this study aimed at evaluating the relationships between claims settlement and risk attitudes, with specific reference to motor insurance policyholders in Lagos, Nigeria. The study adopted a cross-sectional survey research design. A survey based questionnaire was applied to 287 motor insurance policyholders. The findings-show that claims settlements are significant in attracting reasonable risk attitudes. The study recommends that motor insurance providers should put in place fascinating claims packages in order to boost the confidence level of the motoring communities. Government should rejuvenate and empower the motor insurance public complaint commission to address issues relating to motor insurance claims of either party in the motor insurance contract. Future research work could direct attention to insurance fraud issues emanating from the insurance claims settlement manual.

Claims Settlement and Risk Attitudes: Evidence from the Motor Insurance Policyholders

Studia Universitatis Babes-Bolyai Oeconomica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Claims, being the heartbeat of the workability of insurance, are the most critical contact influencer between the insuring public and the insurer. It serves as...

Claims Settlement and Risk Attitudes: Evidence from the Motor Insurance Policyholders

Online veröffentlicht: 13. Sept. 2022

Seitenbereich: 33 - 49

DOI: https://doi.org/10.2478/subboec-2022-0008

Schlüsselwörter
Claims settlement, risk attitudes, motor insurance policyholders, theory of planned behaviour, Nigeria

© 2022 Sunday Stephen Ajemunigbohun et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Claims Settlement and Risk Attitudes: Evidence from the Motor Insurance Policyholders

Online veröffentlicht: 13. Sept. 2022

Seitenbereich: 33 - 49

DOI: https://doi.org/10.2478/subboec-2022-0008

SchlüsselwörterClaims settlement, risk attitudes, motor insurance policyholders, theory of planned behaviour, Nigeria

© 2022 Sunday Stephen Ajemunigbohun et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Schlüsselwörter
Claims settlement, risk attitudes, motor insurance policyholders, theory of planned behaviour, Nigeria