BBSA Research Projects (2015)
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An analysis of longevity risk in a portfolio of life annuitants
(Strathmore University, 2015)Longevity risk has economic significance for governments, individuals and corporations. There is need to analyze the expected future lifetime of a population anticipating to receive lifetime benefits in Kenya. This paper ... -
Incorporating dependence into the pricing of joint life annuities.
(Strathmore University, 2015)This study incorporated dependence of lives into the pricing of joint life annuities in Kenya. Currently the Kenyan industry practitioners base this pricing on the traditional assumption of independence oflives which has ... -
Determining incurred but not reported (IBNR) reserves using a collective risk model framework for a general insurance business line in a Kenyan insurance company
(Strathmore University, 2015)General Insurance companies set up reserves in order to meet future claim liabilities. Reasonable forecasting of these liabilities is therefore an integral part of an insurer's business. Actuarial methods such as the chain ... -
Forecasting the time varying-beta of nse-20 share companies: Bi-variate garch (1, 1) model vs kalman filter method
(Strathmore University, 2015)This research paper forecasts the time -varying daily beta of ten stocks listed in the Nairobi Securities Exchange 20- Share Index by use of a Bivariate GARCH (1, 1) model and the Kalman filter method. A comparison of the ... -
Testing for the correlation between geographical area of operation and accident risk in PSV insurance industry
(Strathmore University, 2015)The Kenyan public service vehicle insurance has been marred with a lot of uncertainty in terms of the expected outcome of claim frequency and claim severity. At least eight insurance companies have either collapsed or have ... -
A Kenyan insurance fraud scoring system: life insurance
(Strathmore University, 2015)The aim of this study was to determine claim characteristics that are correlated with the occurrence of insurance fraud and to, additionally, developing a fraud scoring model. The model's purpose is to provide a probability ... -
A quest for a factor model to quantify longevity risk in Kenya
(Strathmore University, 2015)With the advent of advanced medical procedures to manage terminal illnesses and even rectify conditions that would have otherwise been fatal, improved food technology and sanitary conditions allover the world, human mortality ... -
Dynamic mortality modelling: fitting a parametric model to Kenyan insurance mortality data and parameter estimation in a VAR/VECM system
(Strathmore University, 2015)This is among pioneer studies on Modelling Kenyan Mortality using a parametric model. Kenyan insurers have not embraced the use of complex approaches to modelling mortality. They have concentrated on modelling expected ... -
A logistic regression analysis of the factors that determine the odds of undergraduate students dropping out: a case study of Strathmore University
(Strathmore University, 2015)This paper adopts a binomial logistic regression model in analysis of individual attributes that determine the likelihood of completing a full time undergraduate degree program. The analysis is based on a case study of ... -
Pricing health microinsurance using basic actuarial techniques: the Kenyan case
(Strathmore University, 2015)This paper was an attempt to develop a pricing model for health micro insurance in Kenya, in particular Private Medical Insurance (PMI) and Health Cash Plans. It utilized national health statistics from the Kenya National ... -
National hospital insurance fund pricing model: a paradigm shift
(Strathmore University, 2015)The NHIF contribution rates have been constant ever since they were last adjusted in 1989. With the increasing level of expenditure due to price and medical cost inflation, this rates are not sustainable in providing ... -
Diagnosis based risk adjustment of capitation rates: the case of the national hospital insurance fund (NHIF), Nairobi Kenya
(Strathmore University, 2015)This research aimed to provide a wholesome analysis of the claim payment system of the National Hospital Insurance Fund (NHIF) which includes Capitation system and Fee for Service (FFS). Capitation is an amount of money ... -
Effect of home-host regulatory differences on the efficiency of foreign banks in Kenya
(Strathmore University, 2015)This study examines the effect of home country and host country regulations on the efficiency of foreign banks in Kenya; using bank level data based on a sample of two foreign banks and three local banks of the top tier ... -
Mortality bonds and longevity bonds: a Kenyan perspective
(Strathmore University, 2015)This paper addresses the problem of mortality risk and longevity risk and describes two ways in which life insurers, pension providers and general annuity providers can mitigate these risks. Specifically, it focuses on how ... -
Net premium versus gross premium method of valuing .long-term liabilities: a case of Kenya
(Strathmore University, 2015)An accurate measurement of the various risk components while calculating reserves for longterm liabilities cannot be underrated. In 2014, LFSA stated that there is a need for a sufficiently robust capital regime, which is ... -
Insurance business modelling: a comparison of the Takaful insurance and conventional insurance models in Kenya
(Strathmore University, 2015)The objectives of this study were to establish whether the Islamic Insurance model is viable in the Kenyan Insurance market and if it can compete with conventional insurance companies in the market. Also, the project aimed ... -
Cost of risk retention through a captive vs risk transfer: a case study of Kenya electricity generating company (Kengen)
(Strathmore University, 2015)This research is a case study of Kenya's largest producer of electricity, Ken Gen. Due to the nature of production of electricity, the company has to insure all its assets together with insuring itself against costs of ... -
The relationship between life insurance and economic growth: Evidence from Kenya (1999 to 2013)
(Strathmore University, 2015-11)The study assesses the development of the life insurance sector in Kenya, in relation to economic growth. The direction of causality is first established and a comprehensive data analysis is carried out on the relationship ... -
Prediction of student loan default rates
(Strathmore University, 2015-11) -
Empirical analysis of the viability of solar
(Strathmore University, 2016)This study evaluates the viability of investment in solar photovoltaic projects. The Autoregressive Moving Average (ARMA) technique was used to model the monthly solar radiation levels within Nairobi for the period between ...
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