Effects of Selected Macroeconomic Variables on Insurance Claims Settlement in Nigeria
Ishmael Umunnakwe Agbo,
Juliet Obageli Eze,
Leekaaga Fiiwe James
Abstract:The study examined the effect of selected macroeconomic variables, specifically inflation and interest rate, on insurance claims settlement in Nigeria. The research adopted an ex-post facto design, and data were analyzed using the Auto-Regressive Distributed Lag (ARDL) model. The results indicate that both inflation and interest rate have a positive but insignificant effect on claims, with p-values of 0.0655 (p > 0.05) and 0.3068 (p > 0.05), respectively. Therefore, we conclude that while both predictors… Show more
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