Abstract
The aim of this project is to review and evaluate both physical, social and economic effect of the acturist analysis of Nigeria Reinsurance management in development of an economy. Using expo-facto research design and inferential statistic analysis; the study tested the sign of the significant relationship between dependent variable (profitability (ROA)) and set of independent variable (Net Retention ratio, Net Claim ratio, Net Commission ratio, and Ratio of Ceded Reinsurance). The study used secondary data obtained from financial report of the insurance companies considered for the study, covering a period from 2009 to 2015. Linear regression analysis was used to find out the extent to which independent variable impacted the set of dependent Variables. Correlation was used to find out whether the relationship among the variables to be measured was significant or not. The findings of the study reveal that Net Retention ratio, Net Claim ratio, Net Commission ratio, and Ratio of Ceded Reinsurance are correlated with insurance profitability (ROA), and administrative expenses. The study recommends that that insurance companies in Nigeria should put proper reinsurance programs into priority, taking into consideration characteristics of their underwriting documents and consideration factors such as past loss experience, size of risks and frequency of losses. It is important for insurance companies to have optimal retention levels in their risk diversification management basically to ensure favorable financial performance.
STATEMENT OF THE PROBLEM
Managing and formulating policies have been a serious problem of government ow...
Background To The Study
Family Planning is the deliberate regulation of conception or delivery, or the use of contracept...
Abstract
The usefulness of budgeting as a management tool cannot be over emphasized. A good budgeting system could aid m...
Background to the Study
The Covid-19 pandemic, which had a severe global impact, spurred the need for m...
BACKGROUND OF THE STUDY
Communication as known everywhere has developed over a number of centuries. The sophisticated an...
BACKGROUND OF THE STUDY
Generally, in the whole world, particularly in Nigeria, education has been cons...
BACKGROUND OF THE STUDY
The function of performance appraisal is a strategic aspect in any review of th...
Background of the Study
The majority of people have the misconception that farming is an activity that takes place...
Abstract
The study assessed the level of teaching effectiveness of ...
Background to the Study
In a dynamic and evolving culture like Nigeria, the role ...