Live Covid-19
United States 89,567,321
Cases: 89,567,321
Deaths: 1,043,372
Recovered: 85,286,101
Active: 3,237,848
India 43,532,788
Cases: 43,532,788
Deaths: 525,223
Recovered: 42,879,477
Active: 128,088
Brazil 32,536,302
Cases: 32,536,302
Deaths: 672,101
Recovered: 30,967,114
Active: 897,087
France 31,452,173
Cases: 31,452,173
Deaths: 149,726
Recovered: 29,774,092
Active: 1,528,355
Germany 28,542,484
Cases: 28,542,484
Deaths: 141,397
Recovered: 26,886,400
Active: 1,514,687
United Kingdom 22,741,065
Cases: 22,741,065
Deaths: 180,417
Recovered: 22,182,650
Active: 377,998
Italy 18,805,756
Cases: 18,805,756
Deaths: 168,604
Recovered: 17,617,973
Active: 1,019,179
Russia 18,442,625
Cases: 18,442,625
Deaths: 381,306
Recovered: 17,869,964
Active: 191,355
South Korea 18,413,997
Cases: 18,413,997
Deaths: 24,576
Recovered: 18,239,069
Active: 150,352
Turkey 15,180,444
Cases: 15,180,444
Deaths: 99,057
Recovered: 15,035,727
Active: 45,660
Spain 12,818,184
Cases: 12,818,184
Deaths: 108,111
Recovered: 12,243,647
Active: 466,426
Vietnam 10,749,324
Cases: 10,749,324
Deaths: 43,088
Recovered: 9,715,163
Active: 991,073
Japan 9,398,126
Cases: 9,398,126
Deaths: 31,316
Recovered: 9,179,820
Active: 186,990
Argentina 9,394,326
Cases: 9,394,326
Deaths: 129,109
Recovered: 9,184,344
Active: 80,873
Australia 8,282,454
Cases: 8,282,454
Deaths: 10,083
Recovered: 7,961,184
Active: 311,187
Netherlands 8,203,996
Cases: 8,203,996
Deaths: 22,383
Recovered: 8,069,293
Active: 112,320
Iran 7,240,564
Cases: 7,240,564
Deaths: 141,404
Recovered: 7,063,479
Active: 35,681
Colombia 6,175,181
Cases: 6,175,181
Deaths: 140,070
Recovered: 5,984,546
Active: 50,565
Indonesia 6,095,351
Cases: 6,095,351
Deaths: 156,758
Recovered: 5,922,117
Active: 16,476
Mexico 6,093,835
Cases: 6,093,835
Deaths: 325,793
Recovered: 5,243,977
Active: 524,065
Poland 6,016,526
Cases: 6,016,526
Deaths: 116,435
Recovered: 5,335,690
Active: 564,401
Portugal 5,171,236
Cases: 5,171,236
Deaths: 24,149
Recovered: 4,816,665
Active: 330,422
Ukraine 5,018,019
Cases: 5,018,019
Deaths: 108,656
Recovered: 4,906,805
Active: 2,558
North Korea 4,757,620
Cases: 4,757,620
Deaths: 73
Recovered: 4,752,920
Active: 4,627
Malaysia 4,575,809
Cases: 4,575,809
Deaths: 35,784
Recovered: 4,510,643
Active: 29,382
Thailand 4,534,017
Cases: 4,534,017
Deaths: 30,739
Recovered: 4,478,846
Active: 24,432
Austria 4,465,315
Cases: 4,465,315
Deaths: 18,798
Recovered: 4,336,503
Active: 110,014
Israel 4,391,284
Cases: 4,391,284
Deaths: 10,984
Recovered: 4,264,371
Active: 115,929
Belgium 4,246,078
Cases: 4,246,078
Deaths: 31,918
Recovered: 4,129,327
Active: 84,833
Chile 4,030,267
Cases: 4,030,267
Deaths: 58,617
Recovered: 3,681,179
Active: 290,471

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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