Published October 4, 2024 | Version v1
Journal article Open

EFFECTIVENESS OF MOTOR, MARINE AND AVIATION, AND FIRE INSURANCE ON MANUFACTURING COMPANIES' SUSTAINABLE PERFORMANCE IN NIGERIA

Description

Abstract

The research investigated the effectiveness of motor, marine, aviation, fire insurance on manufacturing companies’ sustainability in Nigeria for 7 years (2008-2019), using ready-made data (ex-post facto design) and multiple regression technique as the research design and inferential statistical analysis. Respectively. The collection of data from both the Central Bank of Nigeria (CBN) statistical Bulletin and Nigeria Insurers Association reports. The research observed that insurance policies have a strongly significant and direct associative effectiveness with GDP of Nigerian manufacturing commercial enterprises. In conclusion, the sustainable performance is directly and significantly influenced by the insurance premiums in Nigerian manufacturing commercial enterprises, which reportedly advise the manufacturing companies to be prudently implementing some obligatory policies that will improve their operational and sustainable activities. Based on the outcomes, the recommendations suggest that the Nigerian quoted manufacturing commercial enterprises should prudently operate in line with both memorandum and articles of association’ documents as well as regulatory’ directive in such a way to leverage the internal and external guidelines.

Keywords: Motor Insurance, Marine and Aviation Insurance, Fire insurance, Manufacturing Companies, Sustainable Performance, Insurance.

Files

ISRGJEBM1612024 I.pdf

Files (805.2 kB)

Name Size Download all
md5:7ac5c01148d7247497362a101f6b83ee
805.2 kB Preview Download