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ABSTRACT
The market risks is a major factor confronting insurance industry the world over. It is on this premise, this study examine the influence of market risks on the growth of insurance premium in Nigeria. The longitidunal design was adopted by this study and data for the study which covers the period 1981 to 2022 was soughted from the World Bank Development Indicators (World Bank Database) and the Central Bank of Nigeria Statistical Bulletin. The ordinary least equare regression technique was engaged for the study. The econometric analysis was carried out using using E-view 9.0 software. This study discovered that exchange rate risk, equity market risk, commodity price risk and interest rate risk used as proxies for market risks postively and signficantly infleunces insurance premium growth in Nigeria. This study therefore recommends among others that insurance managers should inculcate exchange rate fluctuations in their strategic plans because of the impact it may have on their performance, particularly premium collection, and that whenever there are upward movement in commodity prices and financial security prices insurance firms should adjust their premium rate to reflect the prevailing prices beacuse doing so will boost premium growth.
