The Impact of Risk Management on the  Profitability of Insurance Companies in  Nigeria

Irinyemi, Ademola; A. O. OWOLABI; F. A. OLOYEDE; A. T. AKINOLA

The Impact of Risk Management on the Profitability of Insurance Companies in Nigeria

dc.contributor.author	Irinyemi, Ademola
dc.contributor.author	A. O. OWOLABI
dc.contributor.author	F. A. OLOYEDE
dc.contributor.author	A. T. AKINOLA
dc.date.accessioned	2025-05-28T08:40:52Z
dc.date.available	2025-05-28T08:40:52Z
dc.date.issued	2017
dc.description.abstract	Risk management should be at the core of all insurance companies‟ operations by integrating risk management practices into processes, systems and culture of the entire organization. The purpose of this study was to assess the impact of risk management on the profitability of insurance company. The study‟s specific objectives were: To study the extent insurance companies adopted risk management practices; “to examine the effect of risk management on the profitability of insurance companies”; “to critically determine challenges mitigating risk management practices in insurance firms” and “to study the extent insurance companies adopted risk management practices”. The research adopted a descriptive survey design. A total of 60 respondents who were selected through simple random sampling techniques participated in the study. Null hypotheses were tested using Simple Linear Regression, and Pearson Correlation coefficient, with Statistical Analysis System (SAS 9.2). Findings revealed that the financial risk management practices have
dc.identifier.issn	2249-1058
dc.identifier.uri	https://repository.run.edu.ng/handle/123456789/4828
dc.language.iso	en
dc.relation.ispartofseries	7; 6
dc.title	The Impact of Risk Management on the Profitability of Insurance Companies in Nigeria
dc.type	Article