THE DETERMINANTS OF ENTERPRISE RISK MANAGEMENT OF LISTED INSURANCE FIRMS IN NIGERIA

Study tends to find out the determinants of enterprise risk management of listed insurance firms in Nigeria for the period 2014-2024. The study used descriptive research design. The population of the study was 25 listed insurance firms in Nigeria as at 2024 and a sample size of 20 listed insurance firms due to the availability of their data. Secondary data was extracted from the audited financial statement of the firms. To find out the determinants of enterprise risk management of listed Insurance firms, the parametric tool of analysis employed in the study is the Ordinary Least Square (OLS) regression model was adopted. It was found that liquidity and input expenses are positively and significantly affecting the enterprise risk management of listed insurance firms, whereby underwriting risk show negative and significantly affecting the enterprise risk management of listed insurance firms and this implies that a relationship exist between the variables. Leverage show an insignificant effect on risk management of listed insurance firms is recommended that, the management of listed insurance firms in Nigeria should maintain their liquidity profile, underwriting risk and Input Expenses standard while diversifying their assets in a way to meet their enterprise risk objectives.