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ABSTRACT
The study examines the effect of reinsurance activities on the sustainability of listed insurance firms in Nigeria over the period 2012 – 2021. A longitudinal research design was adopted for the study. The population of the study consists of the twenty two (22) listed insurance companies as at 31st December, 2021. Twenty (20) of the listed insurance firms were selected to form the sample of the study. Panel least square (PLS) techniques was utilized to examine the effect of the two reinsurance activities variables on the sustainability of listed insurance firms. The finding of the study reveals that reinsurance ceded ratio has a positive and insignificant effect on the sustainability of listed insurance firms in the Nigeria. The study recommends that government should provide an enabling macroeconomic environment capable of making reinsurance practices to flourish in Nigeria. Management of insurance companies in Nigeria should pay more attention to reinsurance expenses since it play a key role in the sustainability of performance of insurance companies in Nigeria. Furthermore, insurance regulator should strengthen policy on reinsurance practices by improving its supervision and regulatory framework of the insurance industry. The policy formulation should focus on enhancing reinsurance activities. These practices are important because they can enhance the sustainability of insurance firms.
