Talent Retention and Insurance Performance in Nigeria: An Exploration of Professionals’ Perspective

Abstract

The general objective of the study was to investigate talent retention and insurance performance in the South South Zone of Nigeria. The population of this study was 157 and its sample 113. The study made use of the survey research design while 86% response rate was recorded. The analysis of data was done with multiple regression method. It was found that economic security has a significant influence on insurance performance(Beta =2.981, t=4.785, p<0.05); psychological security has a significant influence on insurance performances(Beta =1.003, t=2.143, p<0.05); affiliation has a significant influence on insurance performance(Beta =3.138, t=3.381, p<0.05); and that self-actualization has a significant influence on insurance performance(Beta =1.064, t=2.011, p<0.05). The research recoded an adjusted R2of 67.1%. It was concluded that talent retention can influence insurance performance in Nigeria. It was recommended that insurance companies should prioritize economic security of its professionals, provide for a working experience and environment that promotes professionals ‘social-economic stability and psychological wellbeing, provide for a friendly working atmosphere to engender friendliness and offer a working environment that engenders self-actualization dream to influence talent retention.