The study was on impact of insurance investments on Nigerian capital market. Its specific objectives were to examine the impact of Insurance Investment in Government Securities in Nigeria Capital Market and analyse the impact of Insurance Investment in Stock and Bond in Nigeria Capital Market. Research design was Ex-post facto. Ordinary least square regression was used as analytical technique. It was found that Insurance investment in Government Securities has positive and significant impact on Total Market Capitalisation; and Insurance investment in Stocks and Bonds has positive and significant impact on Total Market Capitalisation. From the findings of the study it is concluded that collectively the insurance industry investments in the Capital market have the capacity to make very significant impact on Market capitalization. The recommendations made were that the insurance industry should make further investments through diversification of their portfolio in Government Securities by buying into that of other countries as well. Also, the insurance industry should invest in Stocks and Bonds that are backed with guarantees. This can be by buying more of forwards.
Insurance investments, Nigerian, Capital market
