ABSTRACT

The study examined the impacts of insurance industries on Nigeria’s economic growth from 1981 – 2015 using ordinary least squares estimation method and secondary data sources obtained from central bank of Nigeria statistical bulletin. The study provided evidence that insurance sector exerted a positive significant effect on Nigeria’s economic growth. The study therefore recommended that if government wants to grow the Nigerian economy, it should focus on the development of the insurance sector. Furthermore, policies that will bring insurance services to the people should be formulated and implemented by the government.