International Journal of Financial Management and Economics
Vol. 2, Issue 2 (2019)
Responsiveness of capital formation to the insurance industry in Nigeria
Kalu Ebere Ume, Agwah Angela Ginika and Nwadike Ogoma Augustina
Adopting the ordinary Least Square Regression method and measuring the impact of insurance on capital formation in Nigeria, it was found that insurance contributed significantly to capital formation within the period studied. It is evident that the insurance sector contributes largely to the process of financial intermediation which is a veritable instrument for the growth of any economy.