ABSTRACT Employing the VAR (1) model to predict future asset returns and generating multiple scenarios of these returns using the Monte Carlo simulation technique with 10,000 iterations we analyze the normal contribution rate and associated total pension costs for different strategic asset allocations of the SSNIT scheme and in the process we constrain the shortfall risk by integrating a conditional value at risk limit. Using MatLab software we iterate to identify the optimal normal contribu...
ABSTRACT The study examines how the frequent occurrence and severity of extreme events affect the demand, supply and the profitability of insurance companies in Ghana. Secondary data collected from NIC, NADMO, Ghana Statistical Service and Open Data Initiative on eight classes of business as well as thirteen life and non-life companies over the period 2007 – 2016 was analysed using a panel regression method. The results indicated that the unexpected frequency of extreme events negatively a...
ABSTRACT The purpose of the study was to determine the relationship between number of claims complaints and non-life insurer profitability in Ghana between 2010 and 2016. The focus was to find the impact of claim complaints on profitability of insurance firms in Ghana using panel data regression. The study randomly sampled 12 operating insurers and used secondary data from the National Insurance Commission (NIC) during the period 2010-2016 of the selected insurers. The study revealed that com...
ABSTRACT Pension scheme providers in Ghana adopt different asset allocation (the proportion of pension funds that need to be invested into different assets like equities and bonds) as an investment strategy. For instance, SSNIT seems to adopt a 60% bond allocation (fixed income investment) and 30% equity allocation (non-fixed income investment) as an investment strategy over the last decade. This study investigates the role of fixed income in pension schemes investment in Ghana by specificall...
ABSTRACT Ghana, due to various economic and demographic factors, also growing concern among the general populace on the adequacy of pension benefits has undergone pension reform. The new Ghanaian Pension scheme set with the objective of securing pension income of plan members is a combination of the Defined Benefit (DB) and a Defined Contribution (DC) pension plans in a three-tier structure. This thesis examines three major issues affecting pension provision in Ghana. That is, the risks assoc...
ABSTRACT This study measures the extent of effects of insurance fraud on the financial performance of insurance companies in Ghana. It also examines the causes, and stringent measures that can be used to fight against insurance fraud. Primary and secondary data obtained from 39 insurers in Ghana are employed in this study. A multiple regression model is used to determine the relationship between financial performance and insurance fraud variables. The results from the model indicate that stat...