This paper examines the contribution of marine insurance to the development of Nigerian insurance\r\nmarket in the period 1984 to 2006. It is not intended to extend the study to other countries of the world,\r\nbut mainly to Nigeria where the public opinion has been that insurance is of no benefit to the economic\r\nwell being of the people. Research was conducted in the Nigerian Insurance Market, Central Bank of\r\nNigeria, National Bureau for Statistics, Insurance Department of Finance and Economic Development\r\nand Research and the Development Department of Nigerian Reinsurance Corporation, Lagos. Premiums\r\naccruing to the Marine Departments of insurance companies were collected, analysed and it was\r\nconfirmed that marine insurance has significant impact on the level of the development of insurance\r\nmarket in Nigeria.
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