Insurance policies for fertility treatments
Date
2021
Authors
Kipkorir, Ivy Chebet
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
In Kenya there are over 3 million people who suffer from infertility. According to the
Nairobi IVF fertility center, fertility treatments can range anywhere from Ksh 10,000
to Ksh 480,000 per cycle. This is expensive for the average Kenyan and as a result it
denies deserving couples the opportunity to bear a child. Various studies have also
shown that infertility also affects the mental health of many couples with one study
even claiming that infertility has the same psychological effects with cancer patients.
Insurance companies however have the ability to assist these couples in offsetting
some of the costs of seeking treatments for infertility treatments. This study therefore
focuses on pricing an insurance policy for fertility treatments. When pricing the policy,
the method used involved calculating the standard risk premium followed by getting
the office premium. This study goes on to find the premium based on various
demographic factors that may affect infertility such as age, education, occupation and
marital status
Description
Submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Actuarial Science at Strathmore University