Impact Of Insurance Risk Management On Fixed Capital Formation In Nigeria

Purpose: This study investigated the impact of insurance risk management on fixed capital formation in Nigeria. The sampled all companies operating Methodology: Time series data covering period 1996 - 2019 were obtained from CBN Statistical Bulletin, Annual Report National Insurance Commission, and various Nigerian Stock Exchange Factbook issues. General business life claims represent (independent variable), while gross was dependent variable. Data analyzed using descriptive statistics, unit root, Auto-Regressive Distributed Lag (ARDL), ARDL Bound cointegration test model diagnostic by Stata 15 software. Results Findings: found that exert an insignificant positive formation, with a reported estimate (p=0.058 >0.05). On other hand, general exerts negligible negative (p= 0.065>0.05) non-existent long-run connection between independent management. Originality Practical Implications: Our suggests regulatory authorities should implement strategies to encourage Nigerians patronize since this would lead more excellent investment and, turn, growth Nigeria's among things.