Insurance Industry Performance and the Selected Regulatory Instruments in Nigeria
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
This study examined the impact of selected regulatory instrument on the insurance sector performance in Nigeria. The study employed classical linear square technique for analysis of the data covering the period of 1981 to 2015. Data for the study were collected from CBN Statistical bulletin. Our results are in three-folds. First, liquidity ratio is found to exact negativebut insignificant effect on total insurance income. Second, loan to depositorsratio is found to exact negative and statistically influence on total insurance income. Third, minimum rediscount rate is found to exact significant impact on total insurance income. This findingshave some policy implications to the government, stakeholders and researchers. The government should benchmark for best practices in monetary policy development from those economies that are more advanced in order to develop better monetary policies that can improve the performance of the insurance industry indeed total income in the insurance industry.
Authors and Affiliations
Eugene Iheanacho (Phd)
Keywords
Related Articles
- EP ID EP414985
- DOI 10.9790/5933-0906016777.
- Views 163
- Downloads 0
Effect of Government Entrepreneurial Policies on Economic Growth: A Study Ondo of State, Nigeria.
This study accessed the effect of government entrepreneurial policies on Nigeria’s economic growth with Ondo State as a case study. Specifically, the study examined the effect of entrepreneurship policies on the producti...
Impact of Fishery Agricultural Loans and Co-Operators’ Insurance Premium on Economic Growth of Fishery Production Sub-Sector in Nigeria
The study analyzed the effect of fishery agricultural loans and insurance premium on the economic growth of fishery production sub-sector in Nigeria. It adopted ex-post facto research design, in which data obtained from...
Indonesian Capital Market Investor Response Toward The Simultaneous Regional Elections In 2018 ( Study On Lq45 Stocks February Until July 2018 )
This study aims to find the empirical evidence of the reaction of Indonesian capital market investors toward the simultaneous regional elections in Indonesia 2018. The population in this study is the consistent stocks li...
The Effect Of Economic Growth And Income Inequality On Poverty In Indonesia
The purpose of national development is to realize a just, competitive, progressive, and prosperous Indonesian society of the Republic of Indonesia. This study aims to determine the economic growth, inequality of developm...
Application of Truncated Distributions to Poverty Analysis among Etsako People of Edo State, Nigeria.
The rational for undertaking this study is to expound on the fact that public and self-employed people who earn income may not be out of poverty. To demonstrate this notion, a truncated poverty distribution analysis is e...