Robustness of risk based capital modelling in Kenya: A comparative study of Kenya’s and Malaysia’s risk based capital frameworks

dc.contributor.authorMiano, Moureen Njeri
dc.date.accessioned2022-02-03T13:15:07Z
dc.date.available2022-02-03T13:15:07Z
dc.date.issued2021
dc.descriptionSubmitted in partial fulfillment of the requirements for the degree of bachelor of business science actuarial science at Strathmore Universityen_US
dc.description.abstractMany countries are taking a keen interest in monitoring the capital adequacy ratio of the operating insurance counh·ies. This has led to the development of different frameworks to measure capital risk e.g Solvency II, Risk Based Capital (RBC). Though most of these frameworks have been formulated by developed countries, other nations are formulating frameworks to suit their needs based on the nature of the insurance sector instead of adopting a "one-size fits all model". Some of these counh·ies include: South Africa, Malaysia, Kenya. Kenya's insurance sector is fairly young hence the Insurance Regulatory Authority began developing a Risk Based Capital framework recently. This paper compares tl1e robustness of tl1e Risk Based Capital frameworks between Kenya and Malaysia since tl1e latter's framework has been in existence for a longer period. The comparison will help in tl1e validation of Kenya's framework if there are similarities between tl1e capital adequacy ratios .en_US
dc.identifier.urihttp://hdl.handle.net/11071/12581
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleRobustness of risk based capital modelling in Kenya: A comparative study of Kenya’s and Malaysia’s risk based capital frameworksen_US
dc.typeUndergraduate projecten_US
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