| dc.description.abstract | This is a study on the wrangles between motor insurance consumer and especially the
'matatu' owners and the association of Kenya Insurers. The study examines the
fundamentals of motor insurance premium and goes further to examine the probable
cause of collapse of some insurance companies underwriting motor due to poor reserving techniques and premium fixing.
The work has been split into six chapters. The first section comprises the introductory
chapter covering the general introduction formalities of the study. Chapter one sets the
premise against which the inadequacy of proper data storage is examined. It sets the
problem statement, the hypothesis, the objectives of the study, the assumptions,
justifications of the study, the scope and limitations, research methodology and
operational definition of terminologies.
Chapter two consists of the reviewed literature which outlines the source of data and
target players in the industry for data capture. It does also explain the difficulties
encountered during data collection and data limitations associated with record keeping.
Chapter three consists of data analysis using run off triangle and creation of reserves. It
goes further into explaining the model of data to estirgate-outstanding
Chapter four details the prermum pricing using, Bayes Empirical Credibility Theory
Model.
Chapter five shows the summary of results from data analysis, conclusions and
recommendations.
Chapter six consists the related information sources consulted like Text books, journals
and others. | en |
