Record Details

Hazard Perception and Demand for Insurance among Selected Motorcyclists in Lagos, Nigeria

South East Asian Journal of Management

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Title Hazard Perception and Demand for Insurance among Selected Motorcyclists in Lagos, Nigeria
 
Creator Adeleke Isma; University of Lagos
Olowokudejo Folake Feyisayo; University of Lagos
Sunday Stephen Ajemuningbohun; Lagos State University
 
Subject Hazard, Hazard Perception, Demand for Insurance, Motorcycle Riders, Nigeria
 
Description This study examines hazard perception effects on the demand for insurance withspecial focus on motorcycle riders in Lagos state. For this purpose, the researchershave been able to examine selected hazard perception determinants and theireffects on the insuring attitude and desire of motorcycle riders. An explanatoryresearch design was employed and a convenience sampling type of the nonprobabilitysampling technique was adopted.  Data was gathered by interviewsconducted at motorcycle parks along the Lagos-Badagry expressway.  The sampleconsisted of 126 respondents made up of commercial motorcycle riders within thesample areas. Data collected was analysed using multiple regression technique.The study was able to establish some level of contributory linkage between hazardperception and demand for motorcycle insurance. The findings show that whiledread and trust both appeared to have significant effect, publicity and controllabilityboth have positive contributory effect; furthermore, choice expressed an inverserelationship with demand for insurance among the motorcycle riders. The studytherefore recommends pre-loss and post-loss measures among the motorcycleriders so that unforeseen motorcycle risks can be managed. Also, insurancecompanies should endeavour to invest more on enlightening the motorcycle riders in order to lessen their dread of loss outcome, and thus, design policy that can instil trust in motorcycle riders in insurance as a loss control measure.
 
Publisher Department of Management, Faculty of Economics and Business, Universitas Indonesia
 
Contributor —
 
Date 2017-05-30
 
Type Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.ui.ac.id/index.php/tseajm/article/view/7731
 
Source The South East Asian Journal of Management; Vol 10, No 2 (2016): October 2016
 
Language en
 
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