ABSTRACT
This study investigates the underwriting capacity and financial performance of listed insurance firms operating in Sub-Saharan African countries. Through a comprehensive analysis of key variables including shareholders' funds, underwriting profit, reserves, and gross written premium, the study aims to provide insights into the factors influencing the financial performance of insurance companies in the region. Data spanning the period from 2000 to 2022 from selected African countries including South Africa, Nigeria, Ghana, Ethiopia, Egypt, and Kenya are utilized for the analysis. The study employs descriptive analysis, correlation analysis, and fixed effects regression analysis to examine the relationships between the variables and financial performance. The findings reveal significant positive associations between shareholders' funds, underwriting profit, reserves, and gross written premium, and financial performance The study concludes that sound financial management practices, prudent underwriting strategies, and regulatory oversight are crucial for enhancing the stability and resilience of the insurance sector in Sub-Saharan Africa. The study provides recommendations for stakeholders including insurers, policymakers, and regulators to foster sustainable growth and development in the insurance industry. Overall, this study contributes to the existing literature on insurance economics and provides valuable insights for industry practitioners, policymakers, and researchers interested in the Sub-Saharan African insurance market.
