Actuarial Analysis of Reinsurance Management in Nigeria's Economy
Student: Temitope Blessing Oloyede (Project, 2025)
Department of Actuarial Science
Ekiti State University, Ado-Ekiti, Ekiti State
Abstract
This study investigates the role of actuarial analysis in reinsurance management and its impact on Nigeria's economic development, using an ex-post facto research design and focusing on a population of Nigerian insurance companies. The study's objectives included determining the level of qualified personnel in the industry, evaluating company performance, and assessing contributions to economic development. The research utilized correlation analysis and econometric empirical analysis with ordinary least squares (OLS) estimation. The study concludes that while the Nigerian reinsurance sector has experienced growth and contributes to economic stability, it faces challenges such as outdated technology, regulatory constraints, and insufficient capital, hindering its full potential. The study recommends that insurance companies diversify their portfolios, prioritize reinsurance programs, and ensure effective underwriting practices. Additionally, regulatory bodies should simplify frameworks, and companies should seek international partnerships to enhance access to technology and capital.
Keywords
For the full publication, please contact the author directly at: temitopeblessing45@gmail.com
Filters
Institutions
- Covenant Polytechnic, Aba, Abia State 1
- Covenant University, Canaan Land, Ota, Ogun State 4
- Crawford University of Apostolic Faith Mission Faith City, Igbesa, Ogun State 3
- Crescent University, Abeokuta, Ogun State 1
- Cross Rivers University of Technology, Calabar, Cross Rivers State 147
- Delta State Polytechnic, Ogwashi-Uku, Delta State 16
- Delta State Polytechnic, Otefe, Delta State 13
- Delta State University, Abraka, Delta State 145
- Ebonyi State University, Abakaliki, Ebonyi State 18
- Edo University, Iyamho, Edo State 11