Dublin Core
Title
The financial performance of life insurance companies in Ghana
Creator
Joseph Oscar Akotey, Frank G Sackey, Lordina Amoah, Richard Frimpong Manso
Description
Purpose
–
The aim of this research is to assess the financial performance of the life insurance industry of an emerging economy. In particular the study delves into the major determinants of the profitability of the life insurance industry of Ghana. The study also examines the relationship among the three measures of insurers' profitability, which are investment income, underwriting profit and the overall (total) net profit.
Design/methodology/approach
–
The annual financial statements of ten life insurance companies covering a period of 11 years (2000‐2010) were sampled and analyzed through panel regression.
Findings
–
The findings indicate that whereas gross written premiums have a positive relationship with insurers' sales profitability, its relationship with investment income is a negative one. Also, the results showed that life insurers have been incurring large underwriting losses due to overtrading and price …
–
The aim of this research is to assess the financial performance of the life insurance industry of an emerging economy. In particular the study delves into the major determinants of the profitability of the life insurance industry of Ghana. The study also examines the relationship among the three measures of insurers' profitability, which are investment income, underwriting profit and the overall (total) net profit.
Design/methodology/approach
–
The annual financial statements of ten life insurance companies covering a period of 11 years (2000‐2010) were sampled and analyzed through panel regression.
Findings
–
The findings indicate that whereas gross written premiums have a positive relationship with insurers' sales profitability, its relationship with investment income is a negative one. Also, the results showed that life insurers have been incurring large underwriting losses due to overtrading and price …
Publisher
Emerald Group Publishing Limited
Date
2013
Source
https://scholar.google.com/citations?view_op=view_citation&hl=en&user=dzxWX-AAAAAJ&citation_for_view=dzxWX-AAAAAJ:UebtZRa9Y70C
Language
English