Reinsurance and the Financial Performance of Insurance Companies in Nigeria
- Editore:
GRIN Verlag
- EAN:
9783346420367
- ISBN:
3346420361
- Pagine:
- 108
- Formato:
- Paperback
- Lingua:
- Tedesco
Descrizione Reinsurance and the Financial Performance of Insurance Companies in Nigeria
Bachelor Thesis from the year 2021 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 4.6, , course: Insurance and Risk Management, language: English, abstract: This study explores the effects of reinsurance arrangements on financial performance of insurance companies in Nigeria. It is worthy of note that insurance companies are exposed to a harsh environment once engaged in high-level risk taking that have the potentials to weaken their financial ability to settle claims and mostly threaten their survival. Hence, it is a known fact that reinsurance arrangement can provide some level of financial protections for insurers against the risk of their own default. In particular, the study assessed the effect of reinsurance utilization on underwriting profit, gross premium incomes and gross claim payments of insurance companies in Nigeria. Secondary data was collected from 32 licensed insurance firms who have reinsurance coverage out of the 42 registered insurance companies in Nigeria. 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 2009-2018.Both descriptive and inferential statistics of OLS were employed in analyzing the data.
