A TRANSLOG ANALYSIS OF INSURANCE ECONOMIES IN NIGERIA

Usman OWOLABI A () and Anthony Akinlo
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Usman OWOLABI A: Department of Management Science, Ladoke Akintola University of Technology, Ogbomoso, Nigeria

No 35, Proceedings of the 5th International Conference on Knowledge Management: Projects, Systems and Technologies,Bucharest, November 12-13 2010 from Faculty of Economic Cybernetics, Statistics and Informatics, Academy of Economic Studies and National Defence University "Carol I", Department for Management of the Defence Resources and Education

Abstract: Recapitalization process that has recently become an imperative process in the Nigerian Financial industry has implications for the survival of insurance sector, especially on their service delivery efficiency. This study therefore seeks to investigate the problem of inefficiency in the Nigerian Insurance market from the perspective of their cost structures. The study takes advantage of secondary data of financial reports of thirty randomly selected insurance firms which span over a period of ten years and applied transcendental logarithm model to evaluate their performance from the cost structures strategy. The results indicate that only large scale firms enjoy cost saving advantages. Twenty percent firms sampled belong to this category. The result suggests that premium income would contribute to insurance firm’s performance, only when a sound investment decisions are made.

Keywords: Transcedental Logarithm; Cost Structures; Insurance firms and Efficiency (search for similar items in EconPapers)
JEL-codes: G22 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2010-08
New Economics Papers: this item is included in nep-afr, nep-eff and nep-ias
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