This research aims to examine the relationship between product and premium, service, closeness, technology, security, responsiveness, and brand image with customers’ choice of insurance companies and the impact of customers’ choice factors on customers’ choice of insurance companies. The research has used primary sources of data. A well-structured questionnaire was designed to collect data from 400 respondents. The convenience sampling technique was used to select a sample for the study. Moreover, Cronbach’s Alpha was assessed to test reliability. The correlational and causal research designs were used. The findings revealed a positive and significant relationship between customers’ choice factors with customers’ choice of life insurance companies. All the factors have a significant impact on the choice of life insurance companies except Product and Premium. This study is useful for those managers and insurance policymakers who want to achieve wider markets. This research suggests a model that enhances the above-mentioned factors through the choice of insurance company in Nepal.
{"title":"Factors Affecting Customers Choice of Life Insurance Companies in Nepal","authors":"J. Goet","doi":"10.58665/njiss.31","DOIUrl":"https://doi.org/10.58665/njiss.31","url":null,"abstract":"This research aims to examine the relationship between product and premium, service, closeness, technology, security, responsiveness, and brand image with customers’ choice of insurance companies and the impact of customers’ choice factors on customers’ choice of insurance companies. The research has used primary sources of data. A well-structured questionnaire was designed to collect data from 400 respondents. The convenience sampling technique was used to select a sample for the study. Moreover, Cronbach’s Alpha was assessed to test reliability. The correlational and causal research designs were used. The findings revealed a positive and significant relationship between customers’ choice factors with customers’ choice of life insurance companies. All the factors have a significant impact on the choice of life insurance companies except Product and Premium. This study is useful for those managers and insurance policymakers who want to achieve wider markets. This research suggests a model that enhances the above-mentioned factors through the choice of insurance company in Nepal.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121863145","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The international accounting standards employee benefits describe the accounting requirements for employee’s short-term, post-retirement, long-term and termination benefits. It further enshrines the principle that the cost of providing employee benefits should be recognized in the period over which benefits are earned by the employee and defines how each cohort of employee benefit is estimated. The objectives of this study are: (i) to estimate the liabilities of each members of the scheme under model (ii) to establish the mathematical condition under which the funding standard liability will be zero. This study applies the funding standard models for the computations of accruing liabilities for the current and past service liability of employees. Data in respect of different categories of employees was collected from a government institution in Jos North local government of Plateau state, Nigeria. The data includes the employee’s annual salary and their respective demographic statistics. This was used to obtain the number of years of pensionable service completed and the future years of services to be completed before retirement at the age of years. The study further employs life annuity table to compute the service liability of each member of the scheme. From our results, computational evidence proves that the total service liability of the plan will be vanishingly zero when certain mathematical annuity assumptions are imposed and hence this represents the condition for which the liability of the plan to the members to be zero.
{"title":"Conditions for Pension Liability to Become Zero Under Certain Actuarial Assumptions Imposed On International Accounting Standard 19 Actuarial Model","authors":"Gbenga Michael Ogungbenle","doi":"10.58665/njiss.30","DOIUrl":"https://doi.org/10.58665/njiss.30","url":null,"abstract":"The international accounting standards employee benefits describe the accounting requirements for employee’s short-term, post-retirement, long-term and termination benefits. It further enshrines the principle that the cost of providing employee benefits should be recognized in the period over which benefits are earned by the employee and defines how each cohort of employee benefit is estimated. The objectives of this study are: (i) to estimate the liabilities of each members of the scheme under model (ii) to establish the mathematical condition under which the funding standard liability will be zero. This study applies the funding standard models for the computations of accruing liabilities for the current and past service liability of employees. Data in respect of different categories of employees was collected from a government institution in Jos North local government of Plateau state, Nigeria. The data includes the employee’s annual salary and their respective demographic statistics. This was used to obtain the number of years of pensionable service completed and the future years of services to be completed before retirement at the age of years. The study further employs life annuity table to compute the service liability of each member of the scheme. From our results, computational evidence proves that the total service liability of the plan will be vanishingly zero when certain mathematical annuity assumptions are imposed and hence this represents the condition for which the liability of the plan to the members to be zero.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124260186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.3126/njiss.v4i1.42362
S. Lamichhane, Sarina Rai
The study examines the relationship among dividends, earnings and stock prices of Nepalese insurance companies. Market price per share and stock return are the dependent variables. The independent variables are earning per share, dividend per share, dividend payout ratio, PE ratio, return on assets and return on equity. This study is based on secondary data of 15 insurance companies with 105 observations for the period of 2011/12 to 2017/18. The data were collected from the annual reports of the selected insurance companies. The regression models are estimated to test the significance and importance of dividends, earnings and stock prices in Nepalese insurance companies. The result shows that earning per share has a positive impact on market price per share and stock returns. It reveals that increase in earnings per share leads to increase in market price per share and stock returns. Similarly, PE ratio has a positive impact on market price per share and stock returns. It shows that increase in PE ratio leads to increase in market price per share and stock returns. Likewise, return on equity has a positive impact on market price per share and stock returns. Similarly, higher the return on equity, higher would be the market price per share and stock returns. The result also shows that dividend per share has a positive impact on market price per share. It indicates that increase in dividend per share leads to increase in market price per share. Similarly, dividend payout ratio has a positive impact on market price per share. It shows that increase in dividend payout ratio leads to increase in market price per share. Likewise, return on assets has a positive impact on stock return. It shows that higher the return on assets, higher would be the stock returns. However, dividend payout ratio has negative impact on stock return which reveals that higher the dividend payout ratio lower would be the stock return. Likewise, dividend per share has a negative impact on stock return which reveals that higher the dividend per share lower would be the stock return. Similarly, return on assets has negative impact on market price per share which reveals that higher the return on assets lower would be the market price per share.
{"title":"Dividends, earnings and stock prices: a case of Nepalese insurance companies","authors":"S. Lamichhane, Sarina Rai","doi":"10.3126/njiss.v4i1.42362","DOIUrl":"https://doi.org/10.3126/njiss.v4i1.42362","url":null,"abstract":"The study examines the relationship among dividends, earnings and stock prices of Nepalese insurance companies. Market price per share and stock return are the dependent variables. The independent variables are earning per share, dividend per share, dividend payout ratio, PE ratio, return on assets and return on equity. This study is based on secondary data of 15 insurance companies with 105 observations for the period of 2011/12 to 2017/18. The data were collected from the annual reports of the selected insurance companies. The regression models are estimated to test the significance and importance of dividends, earnings and stock prices in Nepalese insurance companies. \u0000The result shows that earning per share has a positive impact on market price per share and stock returns. It reveals that increase in earnings per share leads to increase in market price per share and stock returns. Similarly, PE ratio has a positive impact on market price per share and stock returns. It shows that increase in PE ratio leads to increase in market price per share and stock returns. Likewise, return on equity has a positive impact on market price per share and stock returns. Similarly, higher the return on equity, higher would be the market price per share and stock returns. The result also shows that dividend per share has a positive impact on market price per share. It indicates that increase in dividend per share leads to increase in market price per share. Similarly, dividend payout ratio has a positive impact on market price per share. It shows that increase in dividend payout ratio leads to increase in market price per share. Likewise, return on assets has a positive impact on stock return. It shows that higher the return on assets, higher would be the stock returns. However, dividend payout ratio has negative impact on stock return which reveals that higher the dividend payout ratio lower would be the stock return. Likewise, dividend per share has a negative impact on stock return which reveals that higher the dividend per share lower would be the stock return. Similarly, return on assets has negative impact on market price per share which reveals that higher the return on assets lower would be the market price per share.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126607085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.3126/njiss.v4i1.42349
Sabeena Shrestha, B. Thapa
This paper investigated factors affecting repayment performance of MFI clients in the context of COVID-19. Business characteristics, borrowers’ characteristics and lenders’ behavior were identified and predictors of loan repayment. A telephone interview using a full-fledged questionnaire was conducted among randomly chosen 160 loan clients of various microfinance institutions in Mahalaxmi municipality of Lalitpur district during Covid 19 pandemic (June-July, 2020). The descriptive statistics, correlation analysis, binary logistic regression analysis analyzed the data and qualitative analysis is done to support the result of research. The finding of study reveals that age of the borrower, educational level of borrowers, types of the business and profit generated business influence the repayment of loan. However, family size, skills, age of business, work performance, transparent communication and clarity of MFI policy does not have any impact on repayment of loan. COVID-19 pandemic has affected all types of business and created poor cash flow in the market and due to lockdown, the source of income has been decreased which causes large number of delay repayment of monthly installment is decrease in profit due to decrease in revenue of the business.
{"title":"Determinants of repayment behaviour of MFI clients in the context of COVID-19: a case study of Lalitpur District, Nepal","authors":"Sabeena Shrestha, B. Thapa","doi":"10.3126/njiss.v4i1.42349","DOIUrl":"https://doi.org/10.3126/njiss.v4i1.42349","url":null,"abstract":"This paper investigated factors affecting repayment performance of MFI clients in the context of COVID-19. Business characteristics, borrowers’ characteristics and lenders’ behavior were identified and predictors of loan repayment. A telephone interview using a full-fledged questionnaire was conducted among randomly chosen 160 loan clients of various microfinance institutions in Mahalaxmi municipality of Lalitpur district during Covid 19 pandemic (June-July, 2020). The descriptive statistics, correlation analysis, binary logistic regression analysis analyzed the data and qualitative analysis is done to support the result of research. The finding of study reveals that age of the borrower, educational level of borrowers, types of the business and profit generated business influence the repayment of loan. However, family size, skills, age of business, work performance, transparent communication and clarity of MFI policy does not have any impact on repayment of loan. COVID-19 pandemic has affected all types of business and created poor cash flow in the market and due to lockdown, the source of income has been decreased which causes large number of delay repayment of monthly installment is decrease in profit due to decrease in revenue of the business. ","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129835303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.3126/njiss.v4i1.42355
Chandan Subedi, Eak Narayan Paudel, Subash Koirala, H. Ghimire, A. Paudel
Health insurance is emerging as the most preferred form of the health financing mechanism. Higher dropout puts a threat to governments target (Social health security program) of 100% enrolment by 2030.This study aimed at accessing the factors associated with current SHI status (renew or dropout) in Bharatpur metropolitan city. The community based descriptive cross-sectional study using face to face interview was carried out in Bharatpur Metropolitan city, Chitwan. Total 342 household heads that have enrolled in Social Health Insurance for past year are considered as a sample to describe the Renewal status among SHI Enroll household. We used Pearson’s chi-square test to investigate the effect of some explanatory variables on renewal and dropout status of SHI. Among 342 household enroll SHI scheme, there were 203(59.4%) Renewed for next year and 139(40.6%) household dropout SHI Scheme. Results shows that current status of SHI (renew or dropout) differ significantly with Sex of household head (P< 0.01), education status (P<0.01), family type (P < 0.01), highest level of education in family (P < 0.01)), presence of children (P < 0.001), presence of pregnant women in family (P = 0.009), presence of ageing population in family (P < 0.001), Disability in family (P = 0.016), Chronic disease in family (P < 0.01). The study concluded that the influence factors for Renew or Dropout status of SHI were: type of family, household education status, presence of children, pregnant women in family, the ageing population in family, presence of disability and chronic disease in the family.
{"title":"Community-based study on renew or dropout status of social health insurance program in Bharatpur Metropolitan City, Chitwan","authors":"Chandan Subedi, Eak Narayan Paudel, Subash Koirala, H. Ghimire, A. Paudel","doi":"10.3126/njiss.v4i1.42355","DOIUrl":"https://doi.org/10.3126/njiss.v4i1.42355","url":null,"abstract":"Health insurance is emerging as the most preferred form of the health financing mechanism. Higher dropout puts a threat to governments target (Social health security program) of 100% enrolment by 2030.This study aimed at accessing the factors associated with current SHI status (renew or dropout) in Bharatpur metropolitan city. \u0000The community based descriptive cross-sectional study using face to face interview was carried out in Bharatpur Metropolitan city, Chitwan. Total 342 household heads that have enrolled in Social Health Insurance for past year are considered as a sample to describe the Renewal status among SHI Enroll household. We used Pearson’s chi-square test to investigate the effect of some explanatory variables on renewal and dropout status of SHI. \u0000Among 342 household enroll SHI scheme, there were 203(59.4%) Renewed for next year and 139(40.6%) household dropout SHI Scheme. Results shows that current status of SHI (renew or dropout) differ significantly with Sex of household head (P< 0.01), education status (P<0.01), family type (P < 0.01), highest level of education in family (P < 0.01)), presence of children (P < 0.001), presence of pregnant women in family (P = 0.009), presence of ageing population in family (P < 0.001), Disability in family (P = 0.016), Chronic disease in family (P < 0.01). \u0000The study concluded that the influence factors for Renew or Dropout status of SHI were: type of family, household education status, presence of children, pregnant women in family, the ageing population in family, presence of disability and chronic disease in the family.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114626821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.3126/njiss.v4i1.42364
S. Pradhan, P. Dahal
This study examines the financial performance of Nepalese insurance companies. The dependent variables are return on assets and earnings per share while independent variables include insurance premium, firm size, current ratio and solvency ratio. Twenty-one insurance companies among them 8 are life insurance and 13 are non-life insurance companies with 105 observations for the period of 2070/71 to 2074/75, were selected for this study. The data were collected from insurance and financial statistics published by Beema Samiti and annual reports of the selected Nepalese insurance companies. The correlation coefficient and regression models were estimated to test the significance and importance of liquidity management on financial performance of Nepalese insurance companies. The results shows that insurance premium has positive impact on return on assets and earning per share. It means that increase in insurance premium leads to increase in return on assets and earnings per share. Likewise, firm size has positive impact on return on assets and earning per share. It indicates that increase in firm size leads to increase return on assets and earnings per share. Similarly, current ratio has negative impact on return on assets. It means that increase in current ratio leads to decrease in return on assets. Likewise, solvency ratio has negative impact on return on assets. It indicates that increase in solvency ratio leads to decrease in return on assets. Similarly, current ratio have positive impact on return on assets. It means that increase in current ratio leads to increase in earnings per share. Likewise, solvency ratio has positive impact on earnings per share. It indicates that higher solvency ratio, higher would be the earnings per share. The study also concludes that insurance premium followed by current ratio and firm size is the most influencing factor that explains liquidity management and financial performance of Nepalese insurance companies.
{"title":"Financial performance of Nepalese insurance companies","authors":"S. Pradhan, P. Dahal","doi":"10.3126/njiss.v4i1.42364","DOIUrl":"https://doi.org/10.3126/njiss.v4i1.42364","url":null,"abstract":"This study examines the financial performance of Nepalese insurance companies. The dependent variables are return on assets and earnings per share while independent variables include insurance premium, firm size, current ratio and solvency ratio. Twenty-one insurance companies among them 8 are life insurance and 13 are non-life insurance companies with 105 observations for the period of 2070/71 to 2074/75, were selected for this study. The data were collected from insurance and financial statistics published by Beema Samiti and annual reports of the selected Nepalese insurance companies. The correlation coefficient and regression models were estimated to test the significance and importance of liquidity management on financial performance of Nepalese insurance companies. \u0000The results shows that insurance premium has positive impact on return on assets and earning per share. It means that increase in insurance premium leads to increase in return on assets and earnings per share. Likewise, firm size has positive impact on return on assets and earning per share. It indicates that increase in firm size leads to increase return on assets and earnings per share. Similarly, current ratio has negative impact on return on assets. It means that increase in current ratio leads to decrease in return on assets. Likewise, solvency ratio has negative impact on return on assets. It indicates that increase in solvency ratio leads to decrease in return on assets. Similarly, current ratio have positive impact on return on assets. It means that increase in current ratio leads to increase in earnings per share. Likewise, solvency ratio has positive impact on earnings per share. It indicates that higher solvency ratio, higher would be the earnings per share. The study also concludes that insurance premium followed by current ratio and firm size is the most influencing factor that explains liquidity management and financial performance of Nepalese insurance companies.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127488045","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.3126/njiss.v4i1.42363
Laxmi Kumar Sah, Manisha Rana Magar
This study examines the factors affecting profitability in the context of Nepalese insurance companies. Return on assets and return on equity are selected as the dependent variables. The selected independent variables are liquidity, tangibility, premium growth, firm age and firm size. The study is based on secondary data of 21 insurance companies with 168 observations for the period from 2011/12 to 2018/19. The data is collected from the reports published by Beema Samiti and Annual Reports of selected insurance companies. The regression models are estimated to test the factor affecting the profitability of Nepalese insurance companies. The study showed that firm size has a positive impact on return on assets and return on equity. It indicates that larger firm size leads to increase in return on assets and return on equity. Likewise, premium growth has a positive impact on return on assets and return on equity. It indicates that higher the premium growth, higher would be the return on assets and return on equity. Moreover, firm age has a positive impact on return on assets. It indicates that an increase in firm age leads to increase in return on assets and return on equity. Moreover, assets tangibility has a positive impact on return of assets and return on equity. It means that higher the assets tangibility, the higher would be the return of assets and return on equity. Likewise, there is a negative impact of liquidity ratio on return on assets and return on equity. It means that an increase in liquidity ratio leads to decrease in return on assets and return on equity.
{"title":"Factors affecting the profitability of Nepalese insurance companies","authors":"Laxmi Kumar Sah, Manisha Rana Magar","doi":"10.3126/njiss.v4i1.42363","DOIUrl":"https://doi.org/10.3126/njiss.v4i1.42363","url":null,"abstract":"This study examines the factors affecting profitability in the context of Nepalese insurance companies. Return on assets and return on equity are selected as the dependent variables. The selected independent variables are liquidity, tangibility, premium growth, firm age and firm size. The study is based on secondary data of 21 insurance companies with 168 observations for the period from 2011/12 to 2018/19. The data is collected from the reports published by Beema Samiti and Annual Reports of selected insurance companies. The regression models are estimated to test the factor affecting the profitability of Nepalese insurance companies. \u0000The study showed that firm size has a positive impact on return on assets and return on equity. It indicates that larger firm size leads to increase in return on assets and return on equity. Likewise, premium growth has a positive impact on return on assets and return on equity. It indicates that higher the premium growth, higher would be the return on assets and return on equity. Moreover, firm age has a positive impact on return on assets. It indicates that an increase in firm age leads to increase in return on assets and return on equity. Moreover, assets tangibility has a positive impact on return of assets and return on equity. It means that higher the assets tangibility, the higher would be the return of assets and return on equity. Likewise, there is a negative impact of liquidity ratio on return on assets and return on equity. It means that an increase in liquidity ratio leads to decrease in return on assets and return on equity.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130113789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-31DOI: 10.3126/njiss.v4i1.42353
G. Ogungbenle
The Gompertz law states a functional relationship on exponential scale between instantaneous intensity and age. The objective is to first estimate the model parameters by using mortality data and then confirm the interval of validity for the estimated parameters. The parsimonious model is implicitly expressed in terms of age and level of mortality while the force of mortality is the dependent variable. Current contributions in actuarial literature have made it tractable to obtain life span from the actuarial point of view, making the life table invaluable analytical tool for insurers. Mortality functions which have been developed recently possess sophisticated actuarial techniques with many parameters hence they are very complex to estimate numerically making it difficult to fit to mortality data. In order to overcome this problem, we need to employ numerical algebraic method to estimate the appropriate values of model parameters and which may enable us fit the function to mortality data. In this paper, the direct algebraic method offers simpler perspective of approximating mortality parameter and was decomposed into systems of algebraic equations. We observed that mortality over all ages for males is lower than that of females while the initial mortality for male is higher than that of female. The R-language software was employed in the computation. In view of actuarial benchmarks, our results confirm that the values of and for both males and females lie within the expected interval. (see PDF for further information).
{"title":"A confirmation of the expected interval: Ab initio estimation technique of parsimonious Gompertz mortality parameters","authors":"G. Ogungbenle","doi":"10.3126/njiss.v4i1.42353","DOIUrl":"https://doi.org/10.3126/njiss.v4i1.42353","url":null,"abstract":"The Gompertz law states a functional relationship on exponential scale between instantaneous intensity and age. The objective is to first estimate the model parameters by using mortality data and then confirm the interval of validity for the estimated parameters. The parsimonious model is implicitly expressed in terms of age and level of mortality while the force of mortality is the dependent variable. Current contributions in actuarial literature have made it tractable to obtain life span from the actuarial point of view, making the life table invaluable analytical tool for insurers. Mortality functions which have been developed recently possess sophisticated actuarial techniques with many parameters hence they are very complex to estimate numerically making it difficult to fit to mortality data. In order to overcome this problem, we need to employ numerical algebraic method to estimate the appropriate values of model parameters and which may enable us fit the function to mortality data. In this paper, the direct algebraic method offers simpler perspective of approximating mortality parameter and was decomposed into systems of algebraic equations. We observed that mortality over all ages for males is lower than that of females while the initial mortality for male is higher than that of female. The R-language software was employed in the computation. In view of actuarial benchmarks, our results confirm that the values of and for both males and females lie within the expected interval. (see PDF for further information).","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115876557","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-31DOI: 10.3126/njiss.v2i2.31828
Govind Jnawali, Amrita Jaiswal Jaiswal
This paper aims to investigate the determinants that affect the buying of life insurance in Kapilvastu district of Nepal. Primary data have been collected through structured questionnaire out of 384 life insurance policy holders resident of Kapilvastu district of Nepal. Sample was selected by purposive sampling method. The study concludes that life insurance demand in terms of premium paid is significantly associate with gender, level of education, occupation, economic class, family size and monthly income of respondents whereas life insurance demand is not significantly associated with age, religion and marital status. The study further suggests to the life insurance companies to emphasize selling of life insurance policies to the people having more income, more family members, and educated people.
{"title":"Determinants affecting the buying of Life Insurance: A case of Kapilvastu District","authors":"Govind Jnawali, Amrita Jaiswal Jaiswal","doi":"10.3126/njiss.v2i2.31828","DOIUrl":"https://doi.org/10.3126/njiss.v2i2.31828","url":null,"abstract":"This paper aims to investigate the determinants that affect the buying of life insurance in Kapilvastu district of Nepal. Primary data have been collected through structured questionnaire out of 384 life insurance policy holders resident of Kapilvastu district of Nepal. Sample was selected by purposive sampling method. The study concludes that life insurance demand in terms of premium paid is significantly associate with gender, level of education, occupation, economic class, family size and monthly income of respondents whereas life insurance demand is not significantly associated with age, religion and marital status. The study further suggests to the life insurance companies to emphasize selling of life insurance policies to the people having more income, more family members, and educated people.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125076183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-31DOI: 10.3126/njiss.v2i2.31823
F. Kc
No Abstract Available.
无摘要可用。
{"title":"Editorial Note Vol.2","authors":"F. Kc","doi":"10.3126/njiss.v2i2.31823","DOIUrl":"https://doi.org/10.3126/njiss.v2i2.31823","url":null,"abstract":"No Abstract Available.","PeriodicalId":313468,"journal":{"name":"Nepalese Journal of Insurance and Social Security","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114783224","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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