What question did this study set out to answer?

This research aims to explore how enterprise risk management capability influences regulatory transformation and insurance market resilience in Nigeria.

June 15, 2026Open Access

Enterprise Risk Management Capability, Regulatory and Insurance Market Resilience in Nigeria: An Empirical Analysis under NIIRA 2025

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Authors

OSOlatokunbo SHOYEMI OFOlajide Solomon FADUNUniversity of Lagos AAAkintayo AKINRINSOLA

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Implication

Empirical analysis examines ERM capability, regulatory changes, and resilience in Nigeria's insurance market, indicating key implications for policy.

Key Points

This research aims to explore how enterprise risk management capability influences regulatory transformation and insurance market resilience in Nigeria.
Developed a conceptual framework to illustrate mediating roles of governance maturity and capital adequacy culture.
Utilized 20 years of data from 12 composite Nigerian insurance firms.
Employed Partial Least Squares Structural Equation Modelling (PLS-SEM) for testing the structural model.
ERM capability significantly enhances governance maturity and capital adequacy culture (p<0.05).
Direct effect of ERM on resilience is not statistically significant, indicating full mediation.
Study highlights that regulatory effectiveness relies on organisational capability, not just compliance.

Cite This Study

SHOYEMI et al. (2026) studied this question.

synapsesocial.com/papers/6a2f97e8a1cfeec490828ffd https://doi.org/10.83026/njri.vol16no1.3196

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Implication

Empirical analysis examines ERM capability, regulatory changes, and resilience in Nigeria's insurance market, indicating key implications for policy.

Enterprise Risk Management Capability, Regulatory and Insurance Market Resilience in Nigeria: An Empirical Analysis under NIIRA 2025

Discussion

Member takes

Implication

Key Points

Cite This Study

Enterprise Risk Management Capability, Regulatory and Insurance Market Resilience in Nigeria: An Empirical Analysis under NIIRA 2025

Discussion

Member takes

Implication

Key Points

Cite This Study

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