Volume 1, Issue 1 (October)

Articles in this Issue

5 articles
1
Research Article

From Uncertainty to Prosperity: Unleashing the Power of Actuarial Risk Management to Revolutionize Non-Life Insurance Companies' Solvency in Nigeria

Joshua Solomon Adeyele*, Imoseme Marian Izedomi

The profitability of insurance companies hinges on more than just policy volume; adequate premium rates are crucial to ensure timely claim payouts. In Nigeria, many insurers struggle with premium income underwriting performance due to inadequate risk-based pricing, leading to asset depletion and compromised financial stability. This study investigates the impact of actuarial risks on non-life insu...

Apr, 2024 pp. 2-11
2
Research Article

Securing the Future: A Sensitivity Analysis of Actuarial Money Worth Ratios in Defined Contribution Pensions for Public University Employees

Joshua Solomon Adeyele*, Mohammed Nasirudeen Maiturare, Gbenga M. Ogungbenle

As policymakers scramble to combat pension deficits, defined contribution pensions emerge as a promising solution. But what drives their success? Our study reveals that total contributions and investment returns are the twin engines of this scheme. However, a mismatch between projected and actual returns can have disastrous consequences. Three crucial parameters were identified - rates of return, ...

Apr, 2024 pp. 12-21
3
Research Article

Assessing the Impact of Pension Reform on Retirement Financing in Nigeria: A Study of Fund I to IV

Halimah Sani Sambo*, Yusuf Abdulrahim Otori, Ahmed Yabagi

The pension reform Act 2004 marked a significant shift in the administration of Pension Fund Administrators (PFAs) in Nigeria. To improve the adequacy of retirement benefits, the Act was amended in 2014, increasing the minimum contribution rates to 18%. This study investigates the impact of this amendment on retirement financing using a panel data analysis of Fund I to IV from 2014 to 2022. The re...

Apr, 2024 pp. 22-28
4
Research Article

Beyond Risk: The Moderating Role of Self-Control in Stock Market Investment Decisions

Yusuf Abdulrahim Otori*, Idris Ahmed Aliyu

This study investigates the relationship between risk tolerance, risk perception, and investment decisions among individual investors in the stock market, with a focus on the moderating role of self-control. By analyzing a survey of 388 investors, the research reveals that risk tolerance, risk perception, and self-control are all significant predictors of investment decisions. However, self-contro...

Apr, 2024 pp. 29-41
5
Research Article

Saving Young Lives: Evidence-Based Strategies for Reducing Infant Mortality in Jos Metropolis, Nigeria

OGWU KINGSLEY JOEL*, Shehu Tijani Umoru

Infant mortality rates remain alarmingly high in Nigeria, despite global improvements in infant health outcomes. This study aims to identify sustainable solutions to mitigate infant mortality in Jos Metropolis. The research explores the impact of education, maternal health, healthcare systems, and infant conditions on infant mortality. Data was collected through structured questionnaires from hosp...

Apr, 2024 pp. 42-49
Back to Volume 1