Cost of risk retention through a captive vs risk transfer: a case study of Kenya electricity generating company (Kengen)
Date
2015
Authors
Okumu, Harriet Achieng'
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
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 liability either to its employees or to the public. Although the company experiences very high insurance costs, it has been operating without a captive.This research proves that had the company set up a captive 1 0 years ago, it would have had surpluses of which would have increased its profits.