dc.contributor.author | Mwangi, Caleb M | |
dc.date.accessioned | 2013-11-20T05:39:18Z | |
dc.date.available | 2013-11-20T05:39:18Z | |
dc.date.issued | 2013 | |
dc.identifier.citation | Master Of Business Administration University Of Nairobi,2013 | en |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/59503 | |
dc.description.abstract | The purpose of this study was to investigate the factors that influence the financial
performance of insurance companies in Kenya. It looked in to some of the key factors
that determine financial performance and the extent to which they influence financial
performance of insurance companies. This study was conducted using a descriptive
survey design. The target population for this study comprised the 46 insurance companies
in Kenya. This study used systematic random sampling method to select the respondents.
The study used questionnaires as the tool for data collection. Data was analysed through
descriptive statistics and results presented in frequency tables, bar graphs and pie charts.
The findings of the study showed that fluctuations in interest rates affect the financial
performance of insurance companies both ways. This is because it affects the rate of
borrowing as well as the rate of return on investments. Profitability as an indicator of
financial performance enables insurance companies to invest in viable ventures while
avoiding the too risky ones. Competition was found to have an effect on insurance
company‘s financial performance especially through the prices and innovation in new
products. Liquidity affects financial performance of insurance companies and this is why
the insurance companies have liquid investments. These would help them to settle claims
especially if their underwriting income cannot cover claims. Majority of insurance
companies rely on cash flow from operations in liquidity management. Based on the
findings of this study, it is recommended that insurers should invest in financial analysts
so that they can gauge when interest rates can work in their favour in increasing their
income. | en |
dc.language.iso | en | en |
dc.publisher | University of Nairobi, | en |
dc.title | An Investigation Into Factors That Determine Financial Performance Of Insurance Companies In Kenya | en |
dc.type | Thesis | en |
local.publisher | School of business, | en |