Ifeniyi Stanley IGE

The effect of board diversity on the performance of insurance firms in Nigeria is empiricallyexamined in this study. Between 2010 and 2021, a sample of forty six insurance firms was investigated using descriptive statistics, correlation analysis, and dynamic panel GMM regression. The various analyses were used to investigate the connection between the performance of insurance firms in Nigeria and board diversity.The empirical findings showed that board gender diversity and ethnicity diversity had a substantial impact on the performance of Nigeria's insurance firms. However, nationality diversity have no appreciable influence on the performance of Nigeria's insurance firms.We recommend among others; that insurance companies should improve the representation of females in the board and also include people from different ethnicity in the board so that they can contribute effectively and reverse the negative effect of gender and ethnic diversity on insurance companies' performance in Nigeria. The board of directors of corporate organisations in Nigeria needs to be reorganised to include more diverse members. This will guarantee that there is a sufficient mix of directors,including a balance of male and female directors.