摘要
This paper evaluated performance of motor insurance companies in Nigeria. The objectives were to determine the following: 1) significant effects of claims settlements on motor insurance firms’ earned premium;2) differences in managerial/technological capabilities among the companies and 3) effects of policy (or time effect) on insurance firms’ output within the study </span><span style="font-family:Verdana;">period. Panel data obtained for this study comprised operational data on</span><span style="font-family:Verdana;"> premium earned and direct claims settlement by these companies over a period </span><span style="font-family:Verdana;">of six (6) years. Using panel data statistical models, we found that direct</span><span style="font-family:Verdana;"> claims settlement negatively affected insurance companies’ earned premium. Also, </span><span style="font-family:Verdana;">significant differences in technological and managerial capabilities were </span><span style="font-family:Verdana;">found to exist among the companies, though only one company exhibited this heterogeneity. Besides, there were no policy impacts (or time effect) on vehicle insurance firms’ output in the study period. Policy implications of the results were discussed.
This paper evaluated performance of motor insurance companies in Nigeria. The objectives were to determine the following: 1) significant effects of claims settlements on motor insurance firms’ earned premium;2) differences in managerial/technological capabilities among the companies and 3) effects of policy (or time effect) on insurance firms’ output within the study </span><span style="font-family:Verdana;">period. Panel data obtained for this study comprised operational data on</span><span style="font-family:Verdana;"> premium earned and direct claims settlement by these companies over a period </span><span style="font-family:Verdana;">of six (6) years. Using panel data statistical models, we found that direct</span><span style="font-family:Verdana;"> claims settlement negatively affected insurance companies’ earned premium. Also, </span><span style="font-family:Verdana;">significant differences in technological and managerial capabilities were </span><span style="font-family:Verdana;">found to exist among the companies, though only one company exhibited this heterogeneity. Besides, there were no policy impacts (or time effect) on vehicle insurance firms’ output in the study period. Policy implications of the results were discussed.
作者
G. U. Ugwuanyim
D. E. Onwuegbuchunam
D. C. Bartholomew
C. C. Anikpe
G. U. Ugwuanyim;D. E. Onwuegbuchunam;D. C. Bartholomew;C. C. Anikpe(Department of Statistics, Federal University of Technology, Owerri, Nigeria;Department of Maritime Management Technology, Federal University of Technology, Owerri, Nigeria;Department of Transport Management Technology, Federal University of Technology, Owerri, Nigeria)
