{"id":360,"date":"2025-05-15T07:34:40","date_gmt":"2025-05-15T07:34:40","guid":{"rendered":"https:\/\/ijeti.uniben.edu\/?p=360"},"modified":"2025-05-15T07:34:50","modified_gmt":"2025-05-15T07:34:50","slug":"analyzing-the-effect-of-claims-on-nigerian-insurance-companies-profitability","status":"publish","type":"post","link":"https:\/\/ijeti.uniben.edu\/index.php\/2025\/05\/15\/analyzing-the-effect-of-claims-on-nigerian-insurance-companies-profitability\/","title":{"rendered":"Analyzing The Effect of Claims on Nigerian Insurance Companies Profitability"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><sup>1<\/sup>Agboola, Akeem Bamidele* &amp; <sup>2<\/sup>Isimoya, Ogorchukwu Augustine<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><sup>1,2<\/sup>Department of Actuarial Science and Insurance, Faculty of Management Sciences,University of Lagos, Lagos, Nigeria<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Correspondence Email Address: <a href=\"about:blank\"><u>aagboola@unilag.edu.ng<\/u><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Abstract<\/em><\/strong><strong><em><\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>T<\/em><em>his study set out to examine the impact of claims on the <\/em><em>profitability<\/em><em>&nbsp;of insurance companies in Nigeria. An ex-post facto method was employed by the study by extracting ten<\/em><em>&nbsp;(10) years period (2014-2023) secondary data for 11 (eleven) listed insurance companies from their annual report gotten from the Nigeria Stock Exchange website. <\/em><em>Descriptive statistics and <\/em><em>inferential statistics were applied on the extracted data using Eviews 9 application software.<\/em><em>&nbsp;<\/em><em>According to the estimation result of the fixed effect model, claim ratio significantly affect the profitability of Nigerian insurance companies, whereas reinsurance claims have no significant impact on the Nigerian insurance companies profitability. The implication of this is that<\/em><em>&nbsp;insurance companies should pay serious attention to their claims management process as well as the use of reinsurance facilities.<\/em><em>&nbsp;<\/em><em>It is recommended that insurance companies should effectively manage their claims process through the adoption of inclusive and efficient evaluation of claims, as well as paying attention to their <\/em><em>underwriting expenses that have the potential to lower the business&#8217;s profit margin.<\/em><em><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Keywords<\/strong>: Claims, Claim Ratio, Reinsurance Claims,&nbsp;Profitability<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/ijeti.uniben.edu\/wp-content\/uploads\/2025\/05\/ijeti-vol2-issue1-Article-20.pdf\">Click to Download Article<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>1Agboola, Akeem Bamidele* &amp; 2Isimoya, Ogorchukwu Augustine 1,2Department of Actuarial Science and Insurance, Faculty of Management Sciences,University of Lagos, Lagos, Nigeria Correspondence Email Address: aagboola@unilag.edu.ng Abstract This study set out to examine the impact of claims on the profitability&nbsp;of insurance companies in Nigeria. An ex-post facto method was employed by the study by extracting ten&nbsp;(10) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-360","post","type-post","status-publish","format-standard","hentry","category-volume-2-issue-1-february-2025"],"_links":{"self":[{"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/posts\/360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/comments?post=360"}],"version-history":[{"count":1,"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/posts\/360\/revisions"}],"predecessor-version":[{"id":361,"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/posts\/360\/revisions\/361"}],"wp:attachment":[{"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/media?parent=360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/categories?post=360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijeti.uniben.edu\/index.php\/wp-json\/wp\/v2\/tags?post=360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}