International Journal of Scientific and Research Publications

IJSRP, Volume 10, Issue 5, May 2020 Edition [ISSN 2250-3153]


Forecasting Life Insurance Premiums and Insurance Penetration Rate in Uganda
      Hellen Namawejje, Katamba Geofrey
Abstract: Uganda still has the lowest insurance penetration rate compared to its neighboring countries Kenya, Rwanda, and Tanzania in the East African region. This paper forecasts life insurance premiums and insurance penetration rates using the ARIMA model on annual data from 2000 to 2018. ARIMA (0, 1, 0) is the optimal model used with the least Akaike information criteria derived from Auto. Arima function in r. The forecast for life insurance premiums and the insurance penetration rate is done for 10 years (2019 to 2028).

Reference this Research Paper (copy & paste below code):

Hellen Namawejje, Katamba Geofrey (2020); Forecasting Life Insurance Premiums and Insurance Penetration Rate in Uganda; International Journal of Scientific and Research Publications (IJSRP) 10(05) (ISSN: 2250-3153), DOI: http://dx.doi.org/10.29322/IJSRP.10.05.2020.p10181
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