Impact of underwriting risk net claims and premium on the profitability of insurance companies in Nigeria
Background: The Insurance sector is ladened with the sole responsibility of risk bearing and management. This is very important to any economy especially the developing economies like Nigeria where there is absence or little presence of enabling environment for businesses, low life-expectancy and wavering government policies. It is also important for the Insurance sector to stay alive to perform the duty of rescuing the economy from peril. For the sake of sustainability, Insurance companies must decide on what processes to focus on to drive profitability.