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ABSTRACT
This study investigates the impacts of macroeconomic factors on Nigerian insurance companies’ loss reversal. It specifically examines the impact of unemployment rate, GDP growth rate, inflation rate, and exchange rate on loss reversal of insurance businesses. The research covers the period from 2007 to 2021. The panel ordinary least square (OLS) method was used to examine the relationship between the dependent and independent variables. The study reveals that exchange rate and inflation rate have a strong impact on the loss reversal of Nigerian Insurance countries. While interest rate, unemployment rate and gross domestic product has a negative impact on the loss reversal of Nigerian Insurance countries. It is therefore recommended that the industry must adapt to the prevailing macroeconomic conditions and innovate them to strengthen the Nigerian Insurance Industry.
