Calculating risk based capital requirement using correlation method
Date
2018
Authors
Omar, Farooq Idle
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Kenya has 49 insurers, five re-insurers and almost 200 brokers in a country where about 3 percent of the population has cover. A lack of proper risk management has seen many insurers in Africa become insolvent. Kenya, for example, has seen at least seven insurers in the last decade being placed under statutory management, and eventually liquidated, due to inadequate capital.
In view of this, this project will examine risks that affect capital calculation of a life insurance company in Kenya.
Description
A Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore University
Keywords
Risk, capital requirements, correlation methods