Employer’s Liability Insurance Portfolio and the Gross Income of Non-Life Insurance Business: A Case of Nigeria


  • Yinka Augustine Soye Department of Insurance, School of Management, The Federal Polytechnic, Ilaro, Ogun, Nigeria
  • Damola Lukmon Adeyemo Department of Actuarial Science and Insurance, Joseph Ayo Babalola University, Ikeji-Arakeji, Osun State, Nigeria
  • Rufus Olubunmi Olumide NEM Insurance PLC, Ibadan, Oyo State, Nigeria


Employee, employer, employer’s liability insurance, gross premium


Purpose: This study is conducted to determine how employer’s liability insurance product influences the gross premium of non-life insurance business income in Nigeria. Methodology: This study adopted an ex-post-facto research design method. We used correlation and regression models to evaluate the data extracted from Central Bank of Nigeria’s financial report from 1981 to 2001, along with Nigeria Insures Association digest’s financial report from 2002 to 2018. The target population of this study was the entire quoted insurance in Nigeria. Findings: The results reveal that LEMP influenced LIGP significantly with a coefficient of 85.06939, and the associating P=0.009. Implications: Stakeholders and regulatory bodies within the industry should sensitize the insuring public more on the employers’ liability insurance policy, and improve their respective business strategies to ensure high sales volume of employers’ liability policies and compliance to this insurance product in Nigeria. Originality: Multiple studies have been carried out in the field of insurance business. However, very few have been based on employers’ liability insurance. Therefore, it may be assumed that the originality of this study is fully authentic.


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How to Cite

Yinka Augustine Soye, Damola Lukmon Adeyemo, & Rufus Olubunmi Olumide. (2022). Employer’s Liability Insurance Portfolio and the Gross Income of Non-Life Insurance Business: A Case of Nigeria. Indian Journal of Commerce and Management Studies, 13(02), 08–15. Retrieved from https://www.ijcms.in/index.php/ijcms/article/view/575