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Insurance Market Penetration and Business Performance: Evidence from Nigeria and Implications for Sustainable Development in Africa

Insurance market penetration is the total amount of insurance premium generated in countries which are expressed as a percentage of the Gross Domestic Product (GDP). Under ideal expectation. Insurance business activities were expected to be increasing at arithmetic means but this had not been so, the result of this stunted growth has been attributed to low insurance penetration, activities of macroeconomic influences, inadequate insurance awareness, low supervision regulation to mention but a few. This study wants to examine the impact of Insurance penetration on insurance performance in Niger…

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