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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/9584

Title: Pricing and profit testing of 'Key Man' Life Policy of insurance companies in Ghana
Authors: Twum, Richard Berimah
Issue Date: 3-Nov-2016
Abstract: Profi t testing was run on three insurance companies in Ghana using the Modern Method of Pro t testing under the Asset and the results obtained indicated that an increase in premium was not enough to increase e ciency and pro t instead the investment rate had to be increased and expense decreased whiles giving shareholders substantial dividend rate. This project exhibited the fact that the investment rate has a great e ect on the pro t of the product and also illustrated that it was expedient to spread out the expense over a longer period of time with the rst two years having the greater share of the expense followed by a low constant expense rate for the continuing years. The amount paid as dividend should motivate and attract investors, commission rate should motivate agents to bring more clients on board, at the same time there should be a strong reserve to cater for claim payment and the surrender and death bene t should be well allocated. All these factors were necessary to keep the insurance company running irrespective of the claims that must be paid that year.
Description: A thesis submitted to The Institute of Distance Learning, Department of Mathematics, Kwame Nkrumah University of Science and Technology in partial fufillment of the requirements for the degree of MSc Actuarial Science, 2016
URI: http://hdl.handle.net/123456789/9584
Appears in Collections:College of Science

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