Risk culture and organizational performance of Non – life insurance companies in Nigeria DOI

Abdul-Hameed Adeola Sulaimon,

Francis Sewhenu Dansu,

Olufemi Adebowale ABASS

и другие.

LASU Journal of Employment Relations & Human Resource Management, Год журнала: 2025, Номер 5(1), С. 63 - 83

Опубликована: Март 20, 2025

Risk management measures are pertinent to mitigate the occurrence of loss barest minimum and this can be achieved if insurance organizations put in place risk practices that help them manage complexities their business. culture has therefore emerged as a means ingraining everyday life It reflects values, beliefs, behaviours toward ingrained across all levels which influences decision-making strategic alignment. This study examined impact on organizational performance, using appetite tolerance primary measure evaluating performance through metrics such as, ratio expense ratio. appetite, or level an organization is willing accept meet its goals, central element shaping culture. When aligned with business objectives, well-defined encourages informed decision-making, leading improved market positioning financial stability. The sample size ten (10) non-life companies was drawn simple random sampling technique from Nigerian industry comprising twenty-seven firms. Using multiple regression test stated hypothesis, findings show closely aligns solvency tolerance, showing minor fluctuations suggesting higher maintain stable approach management. however identified does not significantly despite theoretical importance guiding mitigating operational risks, results indicate factors dynamics, efficiency, investment strategies may play more substantial role determining profitability. As such, while contribute some aspects business, it significant predictor studied. recommended Nigeria consider aligning risk-taking sustainable profitability beyond focusing solely Management should also focus strengthening ratios enhance exploring innovative strategies, responding changing conditions. New revenue streams explored continued training go together policies balance

Язык: Английский

Risk culture and organizational performance of Non – life insurance companies in Nigeria DOI

Abdul-Hameed Adeola Sulaimon,

Francis Sewhenu Dansu,

Olufemi Adebowale ABASS

и другие.

LASU Journal of Employment Relations & Human Resource Management, Год журнала: 2025, Номер 5(1), С. 63 - 83

Опубликована: Март 20, 2025

Risk management measures are pertinent to mitigate the occurrence of loss barest minimum and this can be achieved if insurance organizations put in place risk practices that help them manage complexities their business. culture has therefore emerged as a means ingraining everyday life It reflects values, beliefs, behaviours toward ingrained across all levels which influences decision-making strategic alignment. This study examined impact on organizational performance, using appetite tolerance primary measure evaluating performance through metrics such as, ratio expense ratio. appetite, or level an organization is willing accept meet its goals, central element shaping culture. When aligned with business objectives, well-defined encourages informed decision-making, leading improved market positioning financial stability. The sample size ten (10) non-life companies was drawn simple random sampling technique from Nigerian industry comprising twenty-seven firms. Using multiple regression test stated hypothesis, findings show closely aligns solvency tolerance, showing minor fluctuations suggesting higher maintain stable approach management. however identified does not significantly despite theoretical importance guiding mitigating operational risks, results indicate factors dynamics, efficiency, investment strategies may play more substantial role determining profitability. As such, while contribute some aspects business, it significant predictor studied. recommended Nigeria consider aligning risk-taking sustainable profitability beyond focusing solely Management should also focus strengthening ratios enhance exploring innovative strategies, responding changing conditions. New revenue streams explored continued training go together policies balance

Язык: Английский

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