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Budget Statement and Economic Policy of the Government of Ghana for the 2022 fiscal year
This study presents some parametric models in survival analysis, specifically, the accelerated failure time model. Furthermore, we investigate the applicability of this model in analyzing insurance attrition using life insurance data. Based on the Akaike information criterion, the generalized gamma model provides the best at for the data.
This study examined the determinants of life insurance demand in the Northern region of Ghana using primary data on 200 sampled customers and potential customers of life insurance companies in the Tamale metropolis (the Northern regional capital). The preliminary results showed that, the average insurable age in the region is 33 years with an average economic dependency of 3 persons.