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Risk Diversification Strategies and Competitive Performance in the Nigerian Insurance Industry

This study examined the effect of risk diversification strategies on competitive performance in the Nigerian insurance industry, with specific focus on product diversification, reinsurance utilization, and investment portfolio diversification, while market share growth was used as a proxy for competitive performance. The study adopted an ex post facto research design and utilized annual time series data covering the period 2000 to 2025, giving a total of 26 observations. Data were analyzed using descriptive statistics, Augmented Dickey Fuller and Phillips Perron unit root tests, Johansen coint…

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    SHA-256 349852b0a5ae7be849d34c86d6696aad9ec336b0b8ef8962a64688e56ca6a72e
    from https://iiardjournals.org/get/IJBFR/VOL. 12 NO. 4 2026/Risk Diversification Strategies and Competitive 120-137.pdf