Enterprise risk management practice in insurance companies - An empirical study of the Nigeria’s insurance industry.
| dc.contributor.author | Fadun, O. S. | |
| dc.date.accessioned | 2024-05-03T17:02:54Z | |
| dc.date.available | 2024-05-03T17:02:54Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | The paper examines enterprise risk management (ERM) practice in insurance companies in Nigeria. Specifically, the study explores the understanding, motivation and performance of ERM in the Nigeria’s insurance industry, and the challenges which insurance companies faced in implementing ERM. The study concludes that the level of understanding of the nature of ERM varies significantly between companies and between different parts of the same organisation. The implication for practice is that effective ERM requires an interdisciplinary approach; but, the ERM which is practiced by insurers in Nigeria is dominated by a single discipline. The design of ERM is highly company specific and depends on several factors, e.g., the business model in terms of type of business, geographical presence, etc. ERM design also depends on the risk appetite of an organisation, which includes both qualitative and quantitative elements. | |
| dc.identifier.citation | Fadun, O. S. (2013). Enterprise risk management practice in insurance companies: An empirical study of the Nigeria’s insurance industry. Journal of Insurance Law and Practice, 3(3), 13-33. | |
| dc.identifier.uri | https://ir.unilag.edu.ng/handle/123456789/12857 | |
| dc.language.iso | en | |
| dc.title | Enterprise risk management practice in insurance companies - An empirical study of the Nigeria’s insurance industry. | |
| dc.type | Article |