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The factors for the growth of life insurance business in Tanzania: a case of Jubilee insurance

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dc.creator SAMWEL, JANETH
dc.date 2020-09-30T04:09:11Z
dc.date 2020-09-30T04:09:11Z
dc.date 2019
dc.date.accessioned 2021-05-05T08:08:37Z
dc.date.available 2021-05-05T08:08:37Z
dc.identifier APA
dc.identifier http://hdl.handle.net/11192/4307
dc.identifier.uri http://hdl.handle.net/11192/4307
dc.description A Dissertation Submitted in Partial Fulfillment of the Requirements for Award of the Degree of Master of Business Administration in cooperate management of the Mzumbe University
dc.description The study examined the factors influencing the growth Life of Insurance business: a case of Jubilee Insurance. The study was focused on three specific objectives which were to find out the influence of employees characteristics on growth of life insurance business, find out the influence of customer characteristics in growth of Life Insurance Business, and discover the influence of business (distribution) strategies on the growth of life insurance business. In this study the sample were employees of Jubilee insurance as well as clients of life insurance services. The study involved a sample size of 50 respondents. The researcher used purposive random sampling technique in obtaining employees or staff of jubilee insurance and simple random technique was used to randomly pick customers of jubilee life insurance at the offices and representative sales. . The study employed both qualitative and quantitative approaches. The findings to this study revealed that, customer characteristics had an influence in business growth since it was identified that clients with higher incomes prefer to purchase life insurance services than individuals with low incomes. With regard to occupation many respondents were identified to be working in the private sector like bankers, NGO’s and entrepreneurs. With regard to distribution strategies it was discovered that agents and social media are significant methods used by jubilee life insurance to keep customers informed and acquire clients. With regards to employee characteristics it was discovered that employees had good personalities such as confidence, need for achievement which is a common character in most private institutions intending to grow. The study then concluded that jubilee life insurance should focus more on customers in the private sector since they are more inclined to purchase life insurance products than public sector employees.
dc.language en
dc.publisher Mzumbe University
dc.subject Growth Life of Insurance
dc.subject Jubilee Insurance
dc.title The factors for the growth of life insurance business in Tanzania: a case of Jubilee insurance
dc.type Thesis


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