Availability of Insurance and Investment in the Shipping Industry

Okparaka, V. C.; Orji, J.; Ojukwu, H. F.

Availability of Insurance and Investment in the Shipping Industry

Authors: Okparaka, Vincent Chukwuka, Orji, J., Ojukwu, H. F.

Journal: Global Journal of Finance and Business Review (GJFBR), ISSN 1694-450X

Citation: GJFBR 5(3): 1-9, 2022-09-07.

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Type: Original Research

Abstract

This study investigated the significance of the availability of Insurance in Nigeria’s economy on investment in shipping in Nigeria. An ex-post facto research design was applied. The time scope was from 2015- 2020. Multiple regression statistical technique was applied. It was found that the availability of Insurance in Nigeria’s economy had no significant impact on the investment in shipping in Nigeria. In line with the findings, it was recommended that the capacity of the insurance industry to provide marine insurance and other forms of insurance covers related to the shipping business should be enhanced. This will increase investors’ confidence

Keywords

Shipping Industry, Insurance Availability, Investment Availability

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