LIQUIDITY RISK AND TOTAL PREMIUM INCOMES OF QUOTED INSURERS' COMPANIES IN NIGERIA

The COVID-19 as pandemic has not only affected world economy but also nations as well as settlements. Basically, the research investigates main liquidity risks in Nigerian quoted insurers during the COVID-19 pandemic for a two-year (2019 and 2020). After-fact design is adapted from already prepared data through annual financial reports from 2019 to 2020. Multivariate ordinary statistics would be adopted to analyze the establishment of a quasi-experimental design. Based on this analysis, the key liquidity risks (ROA, ROE, ROCE and EPS) reveal to be statistically and directly weighted but non-significant on total gross premium incomes, which the proactiveness has to be taken place due to lockdown in world exigency diseases. The study is recommended in carrying on the analysis of fiscal and liquidity risks on insurance companies’ solvency, and pension fund as well as annuity fund. Further recommendations could be established on the analysis fiscal and liquidity risks, which government agency in-charge of liquidity risk should have put statutory regulations and guidelines on liquidity risk management in order to increasingly combine different liquidity ratios for futuristic period. Nigerian insurance companies should have employed professional personnel that manages the liquidity risk. Liquidity risk management should not only the priority of the top managerial personnels, but also at middle and lower level of hierarchy of insurance companies in Nigerian principles of liquidity ratios through NAICOM and NIA.