The Role of Insurance Risk Management in Economic Growth in Nigeria

The role of insurance sector in mitigating sudden and devastating occurrences thereby   stimulating   economic   growth   cannot   be   over   emphasised   both   in developed   and   developing   countries.   Recently,   several   interesting   lines   of research have begun to map the specific contributions of insurance industry to the economic growth processes as well as to the well-being of the poor with more emphasis on the relationship between insurance and economic growth.