ABSTRACT
Risk if not well managed could lead to collapse for most organisations especially those whose core business deals with day to day handling of risk. Risk management should, therefore, be at the core of an organization’s operations by integrating risk management practices into processes, systems and culture of the entire organization. This involves identifying and analysing risks, developing and implementing risk handling techniques and monitoring the progress of these in order to avoid and/or reduce the impact of risk on the financial performance of the firm. The objective of the study was to establish the effect of risk management practices adopted by Nigerian insurance companies on the financial performance of these companies. The study used both primary and secondary data. Primary data was collected through questionnaires eliciting response from the selected respondents. Secondary data was collected by use of desk search techniques from published reports as well as data from financial statements maintained by the organizations. The results were presented using tables and charts. The study established that a majority of insurance companies in Nigeria had adopted risk management practices in their operations and that this had a strong effect on their financial performance. Risk identification was found to be the most significant in influencing financial performance, followed by risk mitigation, risk management program implementation & monitoring and risk assessment & measurement respectively. This study concludes that there is a positive relationship between the adoption of risk management practices and the financial performance of insurance companies in Nigeria.
BACKGROUND TO THE STUDY
Adults learn in a variety of ways, one of which is through combining expe...
ABSTRACT
In a centralized organization, employees are not allowed to participate in decision making. This is because it is feared that th...
EXCERPT FROM THE STUDY
1. The problems of property taxation in Nigeria is undervaluation,incomplete registers and policy inadequacy...
Aim and Objectives of the Study
The aim of this research work is to deign a system that will be efficient to accept data...
BACKGROUND OF THE STUDY
Nigeria Television Authority Enugu was established in the year 1960 by the Premier...
ABSTRACT
This research was carried out to determine the effect of administration of Achomanes Difformis (blume)
ABSTRACT This study is aimed to ascertain the impact of mass media campaign aimed curbing the spread...
ABSTRACT This study was carried out to examine the nature and management of risk in a construction company sites. Specif...
ABSTRACT The study on the gender differentials of livelihood diversification strategies and its effects on poverty status of rural househ...
ABSTRACT This study was carried out to examine the psychological effect of conflict/violence on women and child...
THE IMPACT OF MASS MEDIA CAMPAIGN AGAINST AIDS AMONG TEENAGERS
THE NATURE AND MANAGEMENT OF RISK IN A CONSTRUCTION COMPANY SITES
GENDER DIFFERENTIALS OF LIVELIHOOD DIVERSIFICATION STRATEGIES AND ITS EFFECTS ON POVERTY STATUS OF RURAL HOUSEHOLDS IN NIGER STATE, NIGERIA
PSYCHOLOGICAL EFFECT OF CONFLICT/VIOLENCE ON WOMEN AND CHILDREN