Browsing by Author "Oseni, B M"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    RUIN PROBABILITY OF INSURANCE COMPANIES IN NIGERIA USING MODEL WITH ECONOMIC ENVIRONMENT: PRE AND POST CAPITALIZATION ANALYSIS
    (university of el oued/جامعة الوادي, 2021-09-01) Oseni, B M
    The behavior of the reserve of insurance firms in Nigeria from 1996 to 2011 is investigated using ruin model with economic environment. The investment po rtfolios are classified according t o the types of returns expected: Investments with fixed returns and investments with stochastic returns. Against the usual ways of monitoring the performances of insurance companies using regression and correlation, a ris k reserve model in economic environ ment is used. The ruin probability is determined from the integro differential equation for the model. The results show that there has been a positive growth in the reserve before recapitalization, though the rate of grow th of the reserve after recapitaliz ation is higher. The total probability of ruin shows that there is a drop in the probability of ruin after recapitalization. Also, the ruin probabilities show that companies are more liable to get ruined from investment t han from claims after the recapita lization against the converse before recapitalization.