ABSTRACT.

The research carried out is on Evaluation of the effect of the recapitalization on the financial performance of insurance companies in Nigeria. The main objective is to evaluate the impact recapitalization on the financial performance of insurance companies in Nigeria. The Econometric technique method of analysis was used with the use of T-statistics. The econometric model was based on Capital Assets Pricing Model (CAPM). Relying on data collected an in depth analysis from 1990 to 2015 shows that the financial performance of  insurance industries would increase by about 55 percent variation for a unit change in the consolidation policy while holding other economic variables constant. This scenario leads credence to the fact that recapitalization policy has positive impact on financial performance and hence, economic growth and development of the country if all structural bottlenecks to implementation are removed. It is also recognized that the impact of consolidation policy on insurance companies to achieve the desired economic growth and development may not be necessary contemporaneous, but long lived if properly managed-especially as capital projects and human activities tends to have long gestation periods. To achieve intermediate and long-term economic aspirations to make Nigeria among the 20th most industrialized countries of the world (FSS 2020), efforts should be directed to develop a modern, well-structured, efficient and competitive insurance sub sector that caters for the long term needs of the economy.

 

 

TABLE OF CONTENTS

Abstract

Table of contents

CHAPTER ONE GENERAL INTRODUCTION

1.1 Background of Study

1.2 Statement of the Research Problem 

1.3 Objective of the Study

1.4 Research Questions 

1.5 Justification of the Study  

1.6 Scope and Limitation of the Study  

1.7 Definition of Key terms 

1.8 Organization of the Study

 

CHAPTER TWO: LITERATURE REVIEW

2.1 Introduction 

2.2 Conceptual Literature 

2.3 Theoretical Literature 

2.4 Empirical Literature 

2.5 Insurance consolidation and Economic Objectives 

2.6 Information Asymmetries and Insurance businesses  

2.7 Externalities 

2.8 Consolidation and the Nigeria’s Insurance Industry: An overview 

2.9 Strategic Objectives of the reforms in the Insurance Sector

2.10 General Objectives of the Insurance Companies in Nigeria

2.11 Contributions of Insurance Companies to the GDP after consolidation 

2.12 Post Consolidation Challenges of the Insurance Companies

 CHAPTER THREE: METHODOLOGY 

3.1 Introduction 

3.2 Research Design

3.3 Population of the Study

3.4 Sample and Sampling Techniques 

3.5 Instrument for data Collection 

3.6 Validity and Reliability of the Research Instrument 

3.7 Method of data Collection

3.8 Method of Analysis 

Reference

CHAPTER FOUR: PRESENTATION ANALYSIS AND INTERPRETATION OF RESULTS

4.1 Presentation of the Results

4.2 Discussions and Interpretations of the Results

4.3 Test of Hypothesis 

4.4 Policy issues of the findings

CHAPTER FIVE: SUMMARY, RECOMMENDATIONS AND CONCLUSIONS 

5.1 Summary 

5.2 Recommendations 

5.3 Conclusion 

 Suggestions for further readings 

Appendices