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» INTRODUCTION The Society of Actuaries Health Section sponsored Milliman, Inc. to measure the annual frequency of medical errors in the United States and the total measurable cost to the United States economy of these errors. This effort is based upon an analysis of an extensive claim database, and it therefore relies upon medical events which have been submitted for payment by medical providers. M...Continue Reading »
56 pages | 1,235 engagements |
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» INTRODUCTION What is the cost of providing a prescription drug benefit plan for Medicare enrollees? The following research report: Projected Cost Analysis of Potential Medicare Pharmacy Plan Designs, sponsored by the Society of Actuaries Health Section and Health Practice Area, explores this important and pressing issue that has been the subject of recent front page headlines. The study, which was...Continue Reading »
54 pages | 917 engagements |
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» IntroductionBackgroundIntroductionHealth care is an economic quantity that is different from most other goods. Access to and receiving health care could mean the difference between life and death. While health care is necessary throughout life, it becomes inevitable at the end of life. End of life itself has been defined as both a “state” (Riley and Lubitz (2010)) and a “stage&rd...Continue Reading »
49 pages | 1,115 engagements |
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» INTRODUCTION Background of the study Health to every nation is as important as the economy of the nation; this is because the health of every nation is her wealth. A healthy workforce would replicate in its output in its productivity, Nigeria being one of the developing nations cannot be an exception. HIV/AIDS, maternal mortality, under 5 mortality, malaria, and tuberculosis have undermined develo...Continue Reading »
65 pages | 1,138 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study This study examines the factors that influence the techniques of credit risk modeling for life insurers in Nigeria – a major developing economy of sub Sahara Africa. Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.In the first resort, the risk is that of the lender and includes lost...Continue Reading »
65 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study To the insurance industry, cash flows can be generated through underwriting activities, financing and investing choices, and even managing risks; consequently modeling cash flow risks will be on a dynamic basis process because it is essential to forecasting and managing financial and underwriting risks. To model the cash flow risks specific to the i...Continue Reading »
56 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study In recent years, the international community has begun to focus on financial inclusion as part of a broader strategy to reduce poverty, encourage economic development, and promote stability and security. For the purposes of this paper, the term “financial inclusion” refers to the provision of accessible, usable, and affordable financial ...Continue Reading »
60 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study Market risk is the risk that the value of an investment will decrease due to moves in market factors. It can also be said to be the risk to an institution resulting from movements in market prices, in particular, changes in interest rates, foreign exchange rates, and equity and commodity prices. Market risk is often propagated by other forms of fina...Continue Reading »
71 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study To the insurance industry, cash flows can be generated through underwriting activities, financing and investing choices, and even managing risks; consequently modeling cash flow risks will be on a dynamic basis process because it is essential to forecasting and managing financial and underwriting risks. To model the cash flow risks specific to the i...Continue Reading »
65 pages | 1,475 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study This study examines the factors that influence the techniques of credit risk modeling for life insurers in Nigeria a major developing economy of sub Sahara Africa. Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.In the first resort, the risk is that of the lender and includes lost princip...Continue Reading »
71 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study In recent years, the international community has begun to focus on financial inclusion as part of a broader strategy to reduce poverty, encourage economic development, and promote stability and security. For the purposes of this paper, the term “financial inclusion” refers to the provision of accessible, usable, and affordable financial ...Continue Reading »
60 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study Market risk is the risk that the value of an investment will decrease due to moves in market factors. It can also be said to be the risk to an institution resulting from movements in market prices, in particular, changes in interest rates, foreign exchange rates, and equity and commodity prices. Market risk is often propagated by other forms of fina...Continue Reading »
56 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study This study examines the factors that influence the techniques of credit risk modeling for life insurers in Nigeria – a major developing economy of sub Sahara Africa. Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.In the first resort, the risk is that of the lender and includes lost...Continue Reading »
56 pages | 672 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study To the insurance industry, cash flows can be generated through underwriting activities, financing and investing choices, and even managing risks; consequently modeling cash flow risks will be on a dynamic basis process because it is essential to forecasting and managing financial and underwriting risks. To model the cash flow risks specific to the i...Continue Reading »
56 pages | 1,453 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 Background of the study In recent years, the international community has begun to focus on financial inclusion as part of a broader strategy to reduce poverty, encourage economic development, and promote stability and security. For the purposes of this paper, the term “financial inclusion” refers to the provision of accessible, usable, and affordable financ...Continue Reading »
56 pages | 1,151 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 Background of the study In recent years, the international community has begun to focus on financial inclusion as part of a broader strategy to reduce poverty, encourage economic development, and promote stability and security. For the purposes of this paper, the term “financial inclusion” refers to the provision of accessible, usable, and affordable financ...Continue Reading »
60 pages | 1,547 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study This study examines the factors that influence the techniques of credit risk modeling for life insurers in Nigeria – a major developing economy of sub Sahara Africa. Credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments.In the first resort, the risk is that of the lender and includes lost...Continue Reading »
54 pages | 1,744 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study To the insurance industry, cash flows can be generated through underwriting activities, financing and investing choices, and even managing risks; consequently modeling cash flow risks will be on a dynamic basis process because it is essential to forecasting and managing financial and underwriting risks. To model the cash flow risks specific to the i...Continue Reading »
54 pages | 705 engagements |
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» CHAPTER ONE INTRODUCTION Background of the study Market risk is the risk that the value of an investment will decrease due to moves in market factors. It can also be said to be the risk to an institution resulting from movements in market prices, in particular, changes in interest rates, foreign exchange rates, and equity and commodity prices. Market risk is often propagated by other forms of fina...Continue Reading »
56 pages | 1,079 engagements |