Insurance pricing using geographical ratings
Date
2021
Authors
Ivy, Eva Wambui Kinyua
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
With time, insurance industries are expected to improve their pricing models, enabling them to respond to changes and become more efficient. Like any other industry experiencing losses, the Kenyan insurance industry has been on a journey to find solutions to reduce the losses they incur. This research tries to help the Kenyan insurance industry by suggesting the use of geographical ratings as a risk factor in the calculation of premiums.
Description
Submitted in partial fulfilment of the requirements for the Degree of Bachelor of Business Science in Actuarial Science at Strathmore University