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ABSTRACT
The main objective of this study is to determine the effect of investment risk management on the growth of Insurance firms in Nigeria. Using data from 18 insurance firms, the study used descriptive statistics, correlation analysis and regression analysis to analyze the data for the study. We found out that there exist a positive and insignificant relationship between investment risk and the growth of insurance companies in Nigeria. This implies that although an increase in the risk associated with investment will directly affect the growth of insurance companies in Nigeria but there is no enough evidence to prove the positive relationship due to its insignificant nature of the variable We recommend that Management should take cognizance of investment risk since it positively affects the growth of Insurance companies in Nigeria. After identifying the type of credit risk and measuring the credit risk exposure, strategy needs to be established for dealing with credit risk since it negatively affects the growth of insurance companies. In particular, the strategy should specify the firm’s credit risk hedging objectives, whether and why the firm should fully or partially hedge its credit risk exposures.
