Influence of leadership styles on organizational performance of insurance companies in Somalia.

Abstract

This study aimed at establishing the influence of leadership styles on organization performance of insurance companies in Somalia. The study incorporated Leadership Theory. The researcher used descriptive research design to meet the study research objectives. The study focused on five insurance companies in Somalia; Takaful insurance Of Africa, umma insurance brokers, Amana insurance, Baraka insurance and Som-Takaful insurance. The study interviewed 73 respondents, including Chief Executive Officers, heads of departments, and their assistants. Due to the study's small sample size, the census approach was used. Structured questionnaires were distributed to the study's sampled population. Using the Statistical Package for Social Sciences, both descriptive and inferential statistics were used to analyze quantitative data objectively. To arrive at conclusions, the study findings were examined, summarized, and presented using a variety of descriptive statistics methods such as frequencies distribution tables, percentages. Correlation analysis and multiple regression analysis were utilized to determine the relationship between the independent variable and dependent variable, that is, effect of leadership styles on the organizational performance of insurance businesses in Somalia, with model significance determined using F-tests, Analysis of Variance (ANOVA), at 95 percent confidence intervals. The researcher adhered to research ethics. From the analysis, the study found that leadership styles had positive and statistically significant relationship with organization performance. Thus, the study concluded that, organizational performance of insurance companies in Somalia is influenced by leadership styles.