Investigating the importance of local reinsurance in preventing capital outflow within the Namibian market: A case study of Namibia National Reinsurance Corporation

This paper will investigates the importance of the local reinsurance industry in preventing capital outflow within the Namibian market through the insurance industry. The purpose of the study is to investigate the capital outflow that leaves the Namibian economy through insurance.Despite several efforts by the Namibian government to curb capital outflow, more cash still remnants the country through the insurance companies. The study has made use of questionaiers and interviews. The target population was made up of the insurance companies, Namfisa and the Ministry of Finance. The data for all the variables in the study was extracted from the financial reports of the insurance companies and Namfisa, from 2011 till 2015 finanacial years. The study concluded that capital outflow has a negative impact on the financial performance of the country. Therefore the insurance companies should adopt strategies to curb the heavy capital outflow within the Namibian economy .

Grantor dc:publisher

University of Namibia

Year dc:date.issued

2018

Author dc:creator

• Nampila, Tuyeni Victoria

• Reinsurance
• Capital outflow

Language dc:language.iso

en

Handle dc:identifier.uri

http://hdl.handle.net/11070/2444

OAI identifier oai:identifier

oai:repository.unam.edu.na:11070/2444