ABSTRACT An insurance company promises its policyholders to pay out benefits if certain events occur, for example, events such as a car accident and health conditions. When this is happens, the insurance company has a liability to pay the claims by technical provisions or claim reserving. The calculation of claim reserving must be done carefully in such a way that it should not cause loss to the company. Two of the common methods to calculate technical provisions in non-life insurance are the...
ABSTRACT Multiple imputation procedure is used in handling of item non-response. The imputation procedure is affected by model misspecification and leads to loss in efficiency and biased results. The inclusion of auxiliary variables in the sampling design helps to avoid sensitivity of inference to model misspecification and improves the precision of estimate of population mean. The main aim of this study was to incorporate auxiliary variables in the Multiple Imputation to improve the accurac...
ABSTRACT Since the Defined Contributory scheme was introduced to replace the Define Benefit scheme in Nigeria, the pension assets in Nigeria has increased annually. The resultant effect of the increase of pension funds implies more responsibility for the Pension fund administrators to shoulder. Pension fund administrators regulated by the National Pension Commission were established to handle the investment of pension assets. The Nigerian bond market is an avenue for the investment of pensio...
PORTFOLIO OPTIMIZATION OF SMALL ENTERPRISES AGAINST ADVERSE CHANGES IN INTEREST RATE TABLE OF CONTENTSDECLARATION...........................................................................................................iiiACKNOWLEDGEMENT............................................................................................................iiii DEDICATION.............................................................................................................................iiiv LIST O...