Effects of COVID-19 pandemic on insurance companies’ productivity in Nigeria

Authors

  • Festus Solanke Taiwo PhD Student, Department of Accounting, Faculty of Management Sciences, Federal University Oye-Ekiti, Ekiti State, Nigeria.
  • Dominic Olugbamiye Olorunleke Department of Academic Affairs, Federal University Oye-Ekiti, Ekiti State, Nigeria.
  • Banji Olaleye Rildwan PhD Student, Department of Business Administration, Faculty of Management Sciences, Federal University Oye-Ekiti, Ekiti State,Nigeria.
  • Francis Ekundayo Olayemi Department of Finance and Supply, Local Government Staff Training School, Ilawe-Ekiti, Ekiti State, Nigeria.

Keywords:

COVID-19, Insurance Companies, Productivity

Abstract

The study examined the effects of COVID-19 Pandemic on Productivity of Insurance Companies in Nigeria. The study employed secondary data from publications of Nigeria Stock Exchange for 2019-2020. The findings revealed that Covid-19 has a high effect on the productivity of insurance companies in Nigeria. However, insurance companies had more clients during the COVID-19 pandemic because; they are exposed to different risks that could insure than other industries that were affected by Covid-19. Accordingly, the study therefore conclude that, insurance companies should find ways of accessing funds for risks management and the government should budget enough funds for disaster that can occur at any specific period.

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Published

2020-12-31

How to Cite

Taiwo, F. S., Olorunleke, D. O., Rildwan , . B. O., & Olayemi , F. E. (2020). Effects of COVID-19 pandemic on insurance companies’ productivity in Nigeria . International Journal of Intellectual Discourse, 3(2). Retrieved from https://ijidjournal.org/index.php/ijid/article/view/815

Issue

Vol. 3 No. 2 (2020): December

Section

Articles

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