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19 lis 2021 · 4.1. Credit risk. The Insurance Regulatory Authority (IRA) of Kenya identified credit risk as one of the risks that insurance companies should manage. IRA noted that insurance firms rely on being paid by third parties, including the company’s reinsurers and investment counterparties.
provides empirical evidence on the effect of specific risks (credit risk, market risk, liquidity risk, and operational risk) on the financial performance of the insurance sector in Kenya.
1 sty 2021 · Regression analysis was used and the results showed that risk management significantly affects the financial performance of insurance firms. In particular, the results indicate that credit risk negatively and significantly affects financial performance.
Credit risk exposure increases substantially when a firm depends heavily upon a small number of large customers who have been granted access to a significant amount of credit.
Insurance Risks: These are risks affecting the insurance industry. Insurance risks will be analysed by credit risk, liquidity risk, reinsurance risk, solvency risk and underwriting risk. Liquidity Risk: The risk of being unable to cover current liabilities as they become due. This will be proxied by the current ratio.
The purpose of the study was to establish the credit control policies used by the insurance companies in Kenya. Credit control is a vital component in the process of controlling cash flow. Many companies have failed in the past because management did not distinguish between profitability and cash flow.
11 sie 2020 · This article sought to answer the research question: What is the effect of financial risk on the performance of commercial and services listed companies on Nairobi Securities Exchange, Kenya. In the study, financial risk was assessed from three perspectives, namely: credit risk, liquidity risk and operational risk.
