ABSTRACT Predicting mortality trend and hedging of longevity risk in recent times has gained attention at a period when life expectancies are increasing unexpectedly. Life insurance companies may make more profit owing to the advancements in technology, hygiene, and medical procedures which leads to decreasing liabilities emanating from payment of reducing death benefit payments. However, longevity improvements may result in losses for annuity insurance schemes such as pensions. The study in...
ABSTRACT The purpose of this research is to evaluate how the inception of risk based supervisory approach has influenced the solvency positions of insurers in Ghana. The study considered 20 General Insurance Companies from 2008 – 2018. The main objectives of the study were to generate credibility risk premium values for individual claim experience to be used as an average premium regulator and develop Performance ratio thresholds for the Insurance Industry in Ghana using credibility theorie...
ABSTRACT The main aim of this study is to analyse investment prospect in Ghana and Nigeria using rate of inflation, 90-day Treasury bill rate (interest rate) and local currency per US dollar exchange rate. The dataset span from January, 2003 to June, 2014. Stochastic time series analyses (ARIMA and ARCH-type) models were employed in the forecasting of the macroeconomic variables and simple investment accumulation was also employed in the accumulation of investment returns. The results reveale...