Abstract
The study investigated the individual and joint impact of enterprise risk management practices (strategy, operations and compliance) on firms’ value among listed non-life insurance companies in Nigeria. The study used an ex post facto research design. Census sampling was employed to accommodate the eleven listed non-life insurance companies in Nigeria. The data gleaned for the purpose of the study with the aid of E-Views and the statistical tool employed was multiple regression analysis. The study revealed that strategy and operations individually influence enterprise risk management with P-value of 0.0345 and 0.0256 respectively. While compliance did not with P-value of 0.3841. However, there is no joint impact of enterprise management practices on the firms’ values of listed non-life insurance companies in Nigeria with p-value at 0.8898. Therefore, listed non-life the companies must prioritize operational and strategic enhancements within their ERM frameworks while examining more efficient ways to incorporate compliance into the firms’ risk management architecture. Based on findings, it was recommended that listed non-life insurance companies should create and execute plans that complement their long-term goals by expanding the market, diversifying product offerings, and using technology to gain competitive edge. They were enjoined to include compliance into more extensive strategic and operational activities.The study investigated the individual and joint impact of enterprise risk management practices (strategy, operations and compliance) on firms’ value among listed non-life insurance companies in Nigeria. The study used an ex post facto research design. Census sampling was employed to accommodate the eleven listed non-life insurance companies in Nigeria. The data gleaned for the purpose of the study with the aid of E-Views and the statistical tool employed was multiple regression analysis. The study revealed that strategy and operations individually influence enterprise risk management with P-value of 0.0345 and 0.0256 respectively. While compliance did not with P-value of 0.3841. However, there is no joint impact of enterprise management practices on the firms’ values of listed non-life insurance companies in Nigeria with p-value at 0.8898. Therefore, listed non-life the companies must prioritize operational and strategic enhancements within their ERM frameworks while examining more efficient ways to incorporate compliance into the firms’ risk management architecture. Based on findings, it was recommended that listed non-life insurance companies should create and execute plans that complement their long-term goals by expanding the market, diversifying product offerings, and using technology to gain competitive edge. They were enjoined to include compliance into more extensive strategic.