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Impact of Economic Volatility on Policyholders Attitude towards Purchase of Insurance Policies in Plateau State

The assessment of policyholders’ attitude towards the purchase of insurance policies during economic volatility is one of the major objectives of insurance industry in Nigeria. The fear of perceived economic downturns shapes consumer preferences regarding different types of insurance policies which results to decline in insurance policy purchases, loss of trust, dissatisfaction, policy cancellations or adjustments in coverage and low policy renewal rates among policyholders. Considering the consumer risk behaviours policyholders display during inflationary periods or financial inclusion in fra…

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    from https://nahjournal.org.ng/article/impact-of-economic-volatility-on-policyholders-attitude-towards-purchase-of-insurance-policies-in-plateau-state.pdf