Meet SAFIU ISMAILA OWOLABI, an Academic Staff of Lagos State University.


Takaful Insurance, Insurance And Risk Management


Graduate Assistant




At the Insurance department office

Visiting Hour

Appointment on Visitation important

Research Interest

Topic: Comparative Analysis Of Financial Performance Of Takaful Insurance And Conventional Insurance Companies In Nigeria

Description: there is need to find out if takaful insurance companies in Nigeria tend to perform better than conventional insurance companies in terms of key financial performance indicators.


# Certificate SchoolYear
1. B.Sc (Insurance) Insurance, Lagos State University 2019

Current Research

Impact of claims settlement on profitability of listed general insurance companies in Nigeria

Research Details

Claims settlement practices of general insurance companies in Nigeria has been one of the major causes of dent on the insurance industry image over the decades; yet, insurance companies groan under rising claims frauds that acts as an earthen drag to their performance, development and relevance as the bedrock of every nation s economy as insurance serves as a cushion its risks. This study investigates the impact of claims settlement practices on the profitability of general insurance companies in Nigeria.Hypothesizing the dependent and independent variables with the proxies of Return on Assets ROA ; Return on Equity ROE ; Underwriting profits ratio UWPR ; and Loss ratio LR ; Expense ratio ER ; Claims settlement ratio CR in respective order, the study used the E-views version 10 data analysis tool in a panel data model that includes the pooled OLS, fixed effect analysis, random effect analysis, cross-sectional and period specific analysis, Hausman testing as well as correlation matrices and descriptive analyses.With a balanced data of 100 observation - five cross-sectional data of 20 years period, the results revealed a negative relationship between the proxies ER, LR and CR of the independent variable Claims settlement practices, as they could only explain to a negligible extent, the changes that occurs in the dependent variable Profitability as proxied by ROA, ROE but a highly significant positive relationship with the dependent variable when indicated by the Underwriting profit ratio as they explained above 99% of changes that occurs thereto. As a result, the finding showed a lowly negatively correlations and impact in the variables of research to the exclusion of the case where the dependent variable was proxied by the underwriting profit ratio.


SAFIU ISMAILA is a Graduate Assistant at the Department of Insurance

SAFIU has a B.Sc in Insurance from Insurance, Lagos State University

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