REDINGTON IMMUNIZATION THEORY APPROACH TO HEDGING INTEREST RATE RISK IN INSURANCE COMPANIES IN NIGERIA

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dc.contributor.authorAfolabi, Taofeek Sola
dc.date.accessioned2021-07-19T11:51:20Z
dc.date.available2021-07-19T11:51:20Z
dc.date.issued2013-10
dc.description.abstractUnstable interest rates due to unstable government policies, inflations or actions of the apex bank has contributed to the inability of insurance companies in Nigeria to meet their obligations, in forms of benefits, claims or assurances as at when due, as accounted for by THE low development in the sector. By adopting Tzeng, Wang and Soo’s linear programming model1, developed from Redington’s classical immunization strategy and using data from the balance sheet of insurance companies in Nigeria, this research work shows how an insurance company’s assets can be immune against interest rate risk. It further reveals that the multiplier-effects of the solution to this problem on the insurance sector and the Nigerian economy at large cannot be over-emphasized.en_US
dc.identifier.citationAfolabi T. S. (2013). Redington Immunization Theory Approach to Hedging Interest Rate Risk in Insurance Companies in Nigeria. International Journal of Research in Commerce & Management. 4(10), 130-135en_US
dc.identifier.issnISSN 0976-2183
dc.identifier.urihttp://dspace.run.edu.ng:8080/jspui/handle/123456789/222
dc.language.isoenen_US
dc.subjectConvexityen_US
dc.subjectDurationen_US
dc.subjectImmunizationen_US
dc.subjectLinear-programmingen_US
dc.subjectStochasticen_US
dc.titleREDINGTON IMMUNIZATION THEORY APPROACH TO HEDGING INTEREST RATE RISK IN INSURANCE COMPANIES IN NIGERIAen_US
dc.typeArticleen_US
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