1.

2     STATEMENT OF PROBLEMS

In this section, the researcher focused on the prevalent problems facing economic importance of motor
insurance in our society.

1.  Lack of adequate compensation concerning injury and damage to the third party.

2.  Low management of motor insurance contract.

3.  Inadequate existence of uninsured vehicle the high way

4.  Lack of adequate information of motor insurance contract.

5.  Low level promotion of motor insurance business.

6.  Lack of adequate service rendered by insurance middlemen

7.  Inadequate of claim settlement of motor insurance

8.  Inadequate cover of motor insurance business

9.  Lack of encouragement from the insurer and middlemen.

10.              Lack of risk management of motor insurance contract.

1.3     OBJECTIVE OF THE STUDY

The objective that made the researchers go into this topic are as follows.

a.  To determine the economic importance of motor insurance in our society

b.  To find out a strategy that can help in the developing of motor insurance in our society

c.   To determines the reason for lack information of motor insurance contract.

d.  To determine the reason for lack of adequate compensation

e.  To determine the cause of low management of motor insurance contract.

f.    To determine the cause of low level services of the middlemen.