Motor insurance business portfolio and the gross premium of insurance industry: A case of Nigeria

Indian Journal of Commerce and Management Studies

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Field Value
 
Title Motor insurance business portfolio and the gross premium of insurance industry: A case of Nigeria
 
Creator Augustine, Soye Yinka
Ayoni, Momoh Omowumi
 
Subject
Fraud, general accident insurance, gross premium, motor insurance, risk
 
Description Purpose of the Research: This study examines the contribution of motor insurance business to the gross premium income of Nigeria insurance industry. Methodology: The research design used for this study is ex-post-facto design. Ordinary least square (OLS) regression model used to analyze the secondary data extracted from statistical bulletin of the Central Bank of Nigeria (CBN) from 1981 to 2011, and Nigeria Insurers Association (NIA) digest from 2012 to 2018. The population for this research is the entire quoted insurance companies in Nigeria. The sample size for the study is 38 years (from 1981 to 2018). Findings: The result of the findings shows that insurance premium of motor has no significant effect on insurance gross premium of Nigeria. In the same vein, insurance premium income of general accident has no significant effect on gross premium income of insurance companies in Nigeria. Implications: The government and insurance regulatory bodies should develop more strategies to ensure high compliance to third-party motor insurance buying in Nigeria. Originality: The originality of study is no doubt because there are very few of studies on motor insurance in Nigeria
 
Publisher Indian Journal of Commerce and Management Studies
 
Contributor ERM Publications, India
 
Date 2021-01-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://scholarshub.net/index.php/ijcms/article/view/540
 
Source Indian Journal of Commerce and Management Studies; Vol 12, No 1 (2021)
22295674
22490310
 
Language eng
 
Relation http://scholarshub.net/index.php/ijcms/article/view/540/525
 
Rights Copyright (c) 2021 Indian Journal of Commerce and Management Studies
https://creativecommons.org/licenses/by-sa/4.0
 

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