Live Covid-19
United States 70,465,555
Cases: 70,465,555
Deaths: 883,755
Recovered: 44,038,388
Active: 25,543,412
India 38,563,632
Cases: 38,563,632
Deaths: 488,422
Recovered: 36,047,823
Active: 2,027,387
Brazil 23,588,921
Cases: 23,588,921
Deaths: 622,251
Recovered: 21,851,922
Active: 1,114,748
United Kingdom 15,613,283
Cases: 15,613,283
Deaths: 153,202
Recovered: 11,850,874
Active: 3,609,207
France 15,600,647
Cases: 15,600,647
Deaths: 128,114
Recovered: 9,844,931
Active: 5,627,602
Russia 10,938,261
Cases: 10,938,261
Deaths: 324,060
Recovered: 9,950,333
Active: 663,868
Turkey 10,736,215
Cases: 10,736,215
Deaths: 85,419
Recovered: 9,985,596
Active: 665,200
Italy 9,408,188
Cases: 9,408,188
Deaths: 142,590
Recovered: 6,593,625
Active: 2,671,973
Spain 8,834,363
Cases: 8,834,363
Deaths: 91,599
Recovered: 5,417,226
Active: 3,325,538
Germany 8,397,328
Cases: 8,397,328
Deaths: 117,044
Recovered: 7,139,800
Active: 1,140,484
Argentina 7,576,335
Cases: 7,576,335
Deaths: 118,809
Recovered: 6,494,224
Active: 963,302
Iran 6,236,567
Cases: 6,236,567
Deaths: 132,152
Recovered: 6,073,412
Active: 31,003
Colombia 5,655,026
Cases: 5,655,026
Deaths: 131,627
Recovered: 5,353,276
Active: 170,123
Mexico 4,495,310
Cases: 4,495,310
Deaths: 302,112
Recovered: 3,551,283
Active: 641,915
Poland 4,406,553
Cases: 4,406,553
Deaths: 103,378
Recovered: 3,813,718
Active: 489,457
Indonesia 4,277,644
Cases: 4,277,644
Deaths: 144,199
Recovered: 4,121,117
Active: 12,328
Ukraine 3,799,382
Cases: 3,799,382
Deaths: 98,843
Recovered: 3,571,782
Active: 128,757
Netherlands 3,720,816
Cases: 3,720,816
Deaths: 21,188
Recovered: 2,980,283
Active: 719,345
South Africa 3,572,860
Cases: 3,572,860
Deaths: 93,846
Recovered: 3,394,527
Active: 84,487
Philippines 3,324,478
Cases: 3,324,478
Deaths: 53,153
Recovered: 2,995,961
Active: 275,364
Canada 2,868,822
Cases: 2,868,822
Deaths: 32,220
Recovered: 2,538,075
Active: 298,527
Malaysia 2,820,927
Cases: 2,820,927
Deaths: 31,853
Recovered: 2,747,457
Active: 41,617
Peru 2,723,166
Cases: 2,723,166
Deaths: 203,750
Recovered: –
Active: 2,519,416
Czechia 2,678,767
Cases: 2,678,767
Deaths: 36,972
Recovered: 2,447,642
Active: 194,153
Belgium 2,575,313
Cases: 2,575,313
Deaths: 28,726
Recovered: 1,982,261
Active: 564,326
Thailand 2,353,062
Cases: 2,353,062
Deaths: 21,990
Recovered: 2,248,341
Active: 82,731
Iraq 2,137,267
Cases: 2,137,267
Deaths: 24,272
Recovered: 2,072,723
Active: 40,272
Israel 2,103,945
Cases: 2,103,945
Deaths: 8,370
Recovered: 1,683,115
Active: 412,460
Vietnam 2,094,802
Cases: 2,094,802
Deaths: 36,266
Recovered: 1,794,924
Active: 263,612
Portugal 2,059,595
Cases: 2,059,595
Deaths: 19,447
Recovered: 1,655,580
Active: 384,568

Effect of Marine Insurance Claims Settlement on Insurance Penetration in Nigeria

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Effect of Marine Insurance Claims Settlement on Insurance Penetration in Nigeria

ABSTRACT

This study evaluated “the effect of marine insurance claims settlement on insurance penetration in Nigeria”. The objective of the study is; to analyze the effect of marine insurance claims settlement on insurance penetration in Nigeria. The study used secondary data from CBN statistical bulletin 2017. The technique used for analysis was the ordinary least squares which were employed to test the hypothesis. The study concluded that marine insurance claims settlement on hull & machinery and cargo does not have a positive significant impact on insurance penetration in Nigeria. The study recommends that Insurance firms should make extra effort on settling marine claims most especially claims on damaged goods on transit, so as to encourage people to embark on marine business, hence, improving insurance penetration through improved marine insurance business.

 Keywords: Marine Insurance, Claims, Settlement, Insurance Penetration

                                                                                                                                               AUTHORSHIP:

                                                                                                              Agbaji, Benjamin Chukwuma, PhD

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