This study examines the determinants of insurance companies' performance and their impacts on Nigerian insurance industry from 2010-2019.
No doubt insurance companies' performance determinants play significant roles in the overall development and growth of the insurance industry. In particular, the study assessed the impact of returns on assets on leverage ratio; retention ratio; underwriting risk; and management competence index; and on the overall performance of the Nigerian insurance industry from 2010-2019. Secondary data were sourced from 32 licensed insurance companies who their financial reports were readily available for the purpose of this study. The study used expo facto research design and data were gathered from published annual reports of NAICOM, insurers' annual financial reports and NIA digests from 2010-2019. Both descriptive and inferential statistics of OLS were employed in analysing the data using E-views version 10.
This study led to the conclusion that profitability of insurance companies in Nigeria is positively and significantly influenced by leverage, management competence index, retention ratio and underwriting risk. The study recommended among others that for that insurance companies in Nigeria to perform better in terms of their return on assets, they should improve on their leverages, retention ratio, underwriting and management competence index by recruiting employees who had completed higher education and who are certified professionals.
Inhaltsverzeichnis (Table of Contents)
- INTRODUCTION
- STATEMENT OF THE PROBLEM
- OBJECTIVES OF THE STUDY
- RESEARCH QUESTIONS
- HYPOTHESES OF THE STUDY
- SIGNIFICANCE OF THE STUDY
- SCOPE OF THE STUDY
- LIMITATIONS OF THE STUDY
- DEFINITION OF TERMS
- LITERATURE REVIEW
- THEORETICAL FRAMEWORK
- CONCEPTUAL FRAMEWORK
- EMPIRICAL REVIEW
- RESEARCH METHODOLOGY
- RESEARCH DESIGN
- POPULATION OF THE STUDY
- SAMPLE SIZE AND SAMPLING TECHNIQUE
- DATA COLLECTION METHOD
- DATA ANALYSIS TECHNIQUE
- RESULTS AND DISCUSSION
- PRESENTATION AND ANALYSIS OF DATA
- TEST OF HYPOTHESES
- SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
- SUMMARY OF FINDINGS
- CONCLUSION
- RECOMMENDATIONS
- REFERENCES
- APPENDICES
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to identify and assess the determinants of insurance companies' performance and their impacts on the Nigerian insurance industry from 2010 to 2019. The study seeks to analyze the influence of leverage, retention ratio, underwriting risk, and management competence index on returns on assets and the overall performance of the insurance industry.
- Determinants of insurance companies' performance in Nigeria
- Impact of these determinants on the overall performance of the Nigerian insurance industry
- The role of financial performance in organizational health and survival
- Factors influencing insurance companies' performance in emerging markets
- Comparison of findings with previous studies on the Nigerian insurance industry
Zusammenfassung der Kapitel (Chapter Summaries)
The introductory chapter provides a comprehensive overview of the study, outlining the research problem, objectives, and significance. It also establishes the theoretical and conceptual framework for the study.
Chapter 2 delves into a thorough review of relevant literature, examining existing research on the determinants of insurance company performance. It explores theoretical frameworks, conceptual frameworks, and empirical evidence related to the study's focus.
Chapter 3 outlines the research methodology employed in the study, including the research design, population, sample size, sampling technique, data collection methods, and data analysis techniques. This chapter provides a clear and detailed explanation of the research approach used to gather and analyze data.
Chapter 4 presents the findings of the study, analyzing the data collected and exploring the relationship between the identified determinants and insurance company performance. This chapter aims to provide evidence-based insights into the impact of these factors on the Nigerian insurance industry.
Schlüsselwörter (Keywords)
The study primarily focuses on the determinants of insurance companies' performance in Nigeria, particularly analyzing leverage, retention ratio, underwriting risk, management competence index, and their impact on returns on assets and the overall performance of the Nigerian insurance industry. The study also examines the broader context of financial performance in organizational health and survival and explores comparative insights from previous studies on factors influencing insurance companies' performance in emerging markets.
- Quote paper
- Abasiama James (Author), 2024, Determinants of Insurance Companies' Performance and their Impacts on Nigerian Insurance Industry, Munich, GRIN Verlag, https://www.grin.com/document/1464327
