MODELLING TECHNIGUES

he research looks at how Nigerian life insurance policies are affected by the credit risk modeling approach. From 1995 to 2023, time series quarterly data were obtained from the World Bank Financial Development Database and the CBN statistics bulletin. The multiple regression methods known as Ordinary Least Square (OLS) and General Least Square (GLS) were used. Among other things, the results show that Nigeria's renew life policy is significantly impacted by the human development index. In Nigeria, government spending on health has a big impact on the renew life policy. Nigeria's renew life policy is significantly impacted by life expectancy. Nigeria's renew life policy is not significantly impacted by the rate of inflation. Nigeria's renew life policy is not significantly impacted by the exchange rate. The research comes to the conclusion that life expectancy, government health spending, and the human development index are important factors that influence Nigeria's renew life strategy