Quantifying premium risk faced by the Kenyan Insurance companies using the solvency 2 directive

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dc.contributor.authorNg'ang'a, Catherine Muthoni
dc.date.accessioned2016-05-05T10:59:02Z
dc.date.available2016-05-05T10:59:02Z
dc.date.issued2014-03-19
dc.descriptionA Research Proposal submitted in Partial fulfillment for the award of Bachelor of Business Science Financial Economicsen_US
dc.description.abstractSolvency 2 is an EU Directive that is concerned with the amount of capital that European Insurance Companies must have to reduce the risk of Insolvency. It applies to all European Union insurers and reinsurance companies with gross premium incomes exceeding €5 million or gross technical provisions in excess of €25 million. It aims to strengthen EU- wide requirements on capital adequacy and risk management for insurers. Solvency 2 was developed because of the inadequacies of solvency 1. In Solvency 1 capital requirements were based on simple specified solvency margins (as is the case in Kenya) which were not risk sensitive. One of the major objectives of solvency 2 is to align capital requirements with the underlying risks faced by an insurance company.en_US
dc.identifier.urihttp://hdl.handle.net/11071/4515
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectPremium risken_US
dc.subjectKenyan Insurance Companiesen_US
dc.subjectSolvency 2 Directiveen_US
dc.titleQuantifying premium risk faced by the Kenyan Insurance companies using the solvency 2 directiveen_US
dc.typeOtheren_US
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