Papers by PRETORIA IPIGANSI
Annals of Spiru Haret University. Economic Series
Risk financing is a critical element of a resilient future. Risk management techniques are import... more Risk financing is a critical element of a resilient future. Risk management techniques are important metrics in safeguarding the lives and property of mankind. Therefore, this study aimed to assess the effects of financial risk management techniques on business performance, with specific reference to the perceptions of selected SMEs in Lagos, Nigeria. The study adopted a cross-sectional survey research design. The study population consisted of the total number of registered SMEs recorded in Lagos State at 11,666. Thus, single-stage cluster and convenience sampling techniques were employed in the questionnaire distribution and data collection processes. Two hundred and forty-eight (248) respondents were used in the study. The statistical technique employed was simple regression. This study confirms the importance of financial risk management techniques in business performance of selected SMEs operators in Lagos, Nigeria. It is recommended that insurance providers in Nigeria should at...
Global Journal of Business, Economics and Management: Current Issues
Financial losses from the inactions of motorists culminated in financial anxieties, probably due ... more Financial losses from the inactions of motorists culminated in financial anxieties, probably due to financial illiteracy in financial decisions. However, financial decisions are usually made in the course of attaining a high level of personal financial satisfaction. Therefore, this study examined the relationships between financial knowledge, financial confidence and risk attitudes, with specific reference to motor insurance policyholders in Lagos, Nigeria. The study adopted a cross-sectional survey research design. The study population consisted of the total number of registered motorists recorded as of 2019 by the Lagos State Motor Vehicle Administration Agency. Thus, quota and convenience sampling methods were adopted in the questionnaire distribution and collection processes. A structured questionnaire was employed for data gathering. A total of 399 copies of the questionnaire were distributed, of which 287 were found usable. The data processing technique employed was simple fre...
The aim of this study is to examine the rationale and impact of Risk Management Committee (RMC) o... more The aim of this study is to examine the rationale and impact of Risk Management Committee (RMC) on companies. Using a sample of 639 observations from 71 European banks between 2006 and 2014, this study employed a matched sample methodology to compare banks with a RMC and those without. Data was obtained from the BANKSCOPE database, Thomson Reuters financial DataStream and company websites. The results, based on our logistic regression analysis, suggests that commercial banks, banks domiciled in the United Kingdom and bigger banks in terms of total assets have a higher likelihood of establishing RMC holding all other variables constant. However, risk exposure (beta/vol), financial stability (z-score) and reputation (credit rating) variables are insignificant as signalling evidence of regulatory influence. Furthermore, the panel regression matching samples of banks with such a committee and those without reveal that banks with RMC did not perform significantly better than those withou...
This research attempted to investigate the effect of new pension reform on the lives of Nigeria r... more This research attempted to investigate the effect of new pension reform on the lives of Nigeria retirees. The purpose of this is to explore the need for better retirement welfare and ensure prompt payment of retirement benefits. A structured questionnaire was used to obtain data. Data were analyzed using the information obtained from the questionnaires. Results from data analyses suggest that pension business should not be run like government business. Stocks at the floor of the stock exchange should be allowed to compete for pension funds but with some form of lsquoCircuit Breakerrsquo that stops the bidding process when the market begins to go chaotic. The new pension reform act should be fully implemented as stated in section 4(1)(c) of the Act which stipulate that after the withdrawal of a lump sum of money to be paid to a pensioner as gratuity, the amount standing to his RSA credit should be sufficient to pay him an annuity of 50% of the last salary he received before retiremen...
CERN European Organization for Nuclear Research - Zenodo, Sep 27, 2022
The study adopts expostfacto research design. The data were time series, secondary and purely qua... more The study adopts expostfacto research design. The data were time series, secondary and purely quantitative. They are drawn from sources such as The Statistical Bulletins of Central Bank of Nigeria and the World Bank development indicator and National Insurance Commission (NAICOM). Auto regressive Distributed lag model (ARDL) formed the method of data analysis. ARDL was chosen over the ordinary least square regression (OLS) because ARDL is a dynamic model while OLS is a static model. The results of the ARDL baseline test show that insurance penetration has a positive and significant impact on insurance performance in Nigeria. According to statistics, insurance penetration increases insurance performance by 1%, and this rise contributes 104 percent to the growth of insurance performance in Nigeria. It is given that; the coefficient of the parameter estimates of insurance penetration as 1% and the probability of t-statistics of 0.0014<.05 which is significant. The results of the ARDL baseline test show that insurance density has a favorable and significant impact on insurance performance in Nigeria. According to statistics, insurance penetration increases insurance performance by 1%, and this rise contributes 45 percent to the growth of insurance performance in Nigeria. The explained variation, on the other hand, is 73 percent, indicating that the independent variable adequately explains the dependent variable. It is given the coefficient of the parameter estimates of insurance penetration as 1% and the probability of t-statistics of 0.023<.05 which is significant, it shows that it is positively signed and statistically significant. We concluded that insurance penetration has a positive and major impact on insurance performance in Nigeria, and insurance density has a positive and large impact on insurance performance in Nigeria, according to the study's goal. We recommended that, to avoid settling of incessant claims, thorough awareness should be carried out prior to attempting penetration. And in order to limit the number of claims for each earned premium, the Nigerian insurance market must efficiently regulate the amount of insurance concentration.
Facta Universitatis, Series: Economics and Organization, May 28, 2019
This study examines insurance claims fraud in homeowner's insurance with its empirical findings f... more This study examines insurance claims fraud in homeowner's insurance with its empirical findings from the Nigerian insurance industry. In this study, a descriptive research design was employed while purposive sampling method was adopted for information selection. A structured questionnaire was used for data collection. 221 participants were drawn from 31 insurance companies, which were basically general insurance companies that represent 61% capacity of the industry in terms of market structure. Major statistical techniques employed in the study were simple frequency percentage and T-test statistics. While five relevant research questions were stated and to which verbal interpretation were provided, added with supporting evidence, two hypothetical statements were made. The study recommends that effective fraud deterrent should be in place so as to promote stable, confidence-based, result-oriented and trustworthy market environment, and government on its own part must not fail to exhibit the will-power to drive the anti-fraud strategy designed, built and modeled for the operational efficiency of insurance companies and effective service delivery in the heart of the insuring public. This research work contributes to existing knowledge in that it helps broaden the scope of the regulatory bodies on the need to continually engage academia, insurance practitioners, IT experts and other stakeholders in designing and building a more sustainable anti-fraud strategy in improving insurance market penetration and density.
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Papers by PRETORIA IPIGANSI