Insurance Companies In Ethiopia Pdf
Therefore, the leverage ratio is expected to have a negative relationship with profitability. The costs of a medical emergency in a foreign country can accumulate quickly, and a global health insurance plan is one way to secure evacuation to a hopsital.
Ethio-Re Trainings for Market Participants. Medical personnel in Ethiopia receive low wages, for this reason, the majority of them often seek out second jobs to make ends meet. That is, it helps to clearly identify the variables that are used in the research process.
It has its own script and language and maintains a strong sense of national identity. The management is reluctant to challenge the physicians over their frequent absences from work as well as their tendencies to take long breaks and arrive late at work.
The relationship between liquidity and profitability of insurance companies in Kenya. The best way to manage a pre-existing health condition through arranging medical insurance is to seek somebody that understands the process fully. During the same period, industrial revolution in india pdf the Ethiopian Insurance Corporation was underwriting reinsurance business mainly from other African Countries.
List of companies of Ethiopia
On top of that, there is a shortage of trained medical personnel in the healthcare system. Insurance, being one of commercial activity, its historical growth is associated with what a human being now reached in the fields of Science, Technology, Law, Economy, Culture and Politics. Profitability was positively related to leverage, equity capital, management competence index and negatively related to size and ownership structure. Loss ratio, which is also expressed as the underwriting risk in the relevant literature, shows the effectiveness of the underwriting activities of insurance companies. The Proclamation Limited Insurance to Ethiopian nationals and banned foreign companies to operate in the country either directly or through agent.
The standard of the healthcare system in Ethiopia is far below the standards generally set in western countries. One of the many possible reasons for this might be misallocation of the resources or the inefficient utilization of the idle resources.
Particiapnts were drawn from seven countries in the subsahara africa region. Loss adjusters are members of the Chartered Institute of Loss Adjusters, entry to which is by examination together with an experience qualification. This proclamation also vested the authority to control, licensing and formulating policies regarding the insurance business to the National Bank of Ethiopia. To guarantee your well-being in a country you may be relatively unfamiliar with, we advise you look into our teacher plans. In another words, insurance companies with higher capital adequacy ratio are relatively assumed to be safe in times of loss and bankruptcy.
The rates provided are for minimum rates, which should be viable and economical and are for well run businesses or risks. Leverage ratio Lvr Measured by the ratio of debt to equity. The study also showed that the volume of capital was positively related with profitability whereas loss ratio and leverage ratio indicated negative relationship with profitability. Low liquidity ratio indicates that an insurer is facing difficulties in meeting its short term obligations.
Finding the right protection for your family is a top priority. As investigations and negotiations proceed he will also advise the office on the appropriate reserve. There is a lack of access to basic healthcare facilities in rural areas. On the basis of the provisions of Article of the commercial code, proclamation No. Regardless of the above facts, however, there is no consensus among the different researchers as long as the relationship between size of insurers and profitability is concerned in the literature.
This ratio is one of the most important profitability indicators for insurance companies. Accordingly, it is expected that loss ratio will have a negative impact on the profitability of insurance companies.
We always work for the maximum satisfaction of the customers who rely on us and who have put their confidence in our Company. Finding the right plan to suit your specific needs is where we come in. The determinants of the Profitability of Insurance Companies in Nigeria.
And it also pointed out two major problems. Empirical results Panel data can be analysed using various models. Contact Information Awash Insurance company S. The implication of this finding is that the greater the amount of the resources that are tied up to meet the liquidity position, the lesser is the profitability. Trend analysis of insurance companies in south Asia focuses point in Bangladesh.
The lowlands are generally hot and humid while the temperatures in the Ethiopian Highlands are cooler. That is, the establishment of Ethiopian insurance Corporation.
Awash Insurance company S. Ethiopia is located in East of Africa. The compensation is meant to cover expenses that a member would incur as the result of the incident.
In the Licensing and Supervision of insurance business proclamation No. It constitutes how much is the percentage of the asset of a given insurance company in comparison to the total asset of the insurance industry. Teaching abroad is both rewarding and challenging, and life in a new country involives adjusting to a new environment. The research results showed that degree of financial leverage and liquidity were inversely related to profitability while operating leverage was positively related to profitability. The results showed that variables such as leverage ratio, liquidity, Size of company, and management competence have a positive statistical effect on the financial performance of insurance Companies.
This implies that the Ethiopian insurance companies with adequate amount of capital can have a great number of investment alternatives and thereby higher tendency of harvesting profit. Consequently, insurers will have lower cost of funding. External variables are those that are beyond the control of management of insurance companies. Based on the provisions of the proclamation an Insurance Council was formed chaired by the above ministry that included various government offices as a member. Factors Affecting Jordanian Insurance Companies.
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