Developing capital charges for the general insurers under the non life underwriting risk module in Kenya
Date
2015-11
Authors
Ikenye, Gabriella
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Financial institutions are in the business of accepting risk from their clients and also managing risk exposure from within. Hence it is essential for financial institutions to have safe and sound risk management systems. In the banking world, Basel Accords were introduced while in the insurance sector solvency was introduced. The three major objectives that both regulations set out to achieve are to contribute to financial institutions in terms of regulatory costs, and to be based on measures and tools that are risk sensitive, i.e ones that are reflective of the risks faces by financial institutions.
Description
Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Actuarial Science at Strathmore University
Keywords
Capital charges, General insurers, Non life underwriting risk module, Kenya