FINANCIAL REGULATION AND LIFE INSURANCE FIRMS’ PERFORMANCE IN NIGERIA

Abstract

Abstract
This study examines the impact of financial regulation on the Performance of Life insurance Firms
in Nigeria. The study employed panel least square technique for analysing data covering the period
2008 to 2017. Data were sourced from CBN Statistical bulletin for the period. The results are in
three-folds. First, Monetary Policy Rate (MPR) is found to exact negative but insignificant effect
on Return on Asset (ROA). Second, leverage is found to exact positive significant influence on
Return on Asset (ROA). Other variables such as Age, Size and Growth, are found to exact a positive
insignificant impact on the dependent variable within the period of study. While, these findings
have some policy implications for the government, it also has on stakeholders and researchers
alike. Government should benchmark for best practices in monetary policy development from those
economies that are more advanced in order to develop better monetary policies that can improve
the performance of the insurance industry and indeed Life insurance firms’ performance in
Nigeria.