📄 Abstract
The study established the influence of insurance pricing on the growth Nigerian economy, covering the period 2000-2022. Using the unit root test, descriptive statistics, and ARDL model, we examined the effects of insurance premium, venture, and underwriting profit on economic advancement. Our result suggests that insurance premium had a substantial positive outcome (p-value = 0.0000 < 5% significance level), insurance investment had a substantial positive outcome (p-value = 0.0005 < 5% significance level), and underwriting profit had a substantial adverse outcome (p-value = 0.0004 < 5% significance level) on economic growth. The results suggested that insurance pricing played a crucial role in promoting economic growth in Nigeria. We recommended improved corporate governance and transparency in the insurance industry to enhance underwriting profits and contribute to economic development.
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📚 How to Cite:
EDIKE Bolou-owei Josiah PhD, AGBEYEI Nemiwa-Emi Silver , EFFECT OF INSURANCE PRICING ON ECONOMIC GROWTH IN NIGERIA , Volume 11 , Issue 10, october 2024, EPRA International Journal of Economics, Business and Management Studies (EBMS) ,