use of administrative data in national accounts - ghana
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Use of Administrative Data in National Accounts - Ghana. Bernice S. Ofosu-Baadu Ghana statistical Service. Insurance data. Main source data is supplied by the National Insurance Commission (NIC) from the consolidated quarterly financial a on both General insurance (Non-life), and Life. - PowerPoint PPT PresentationTRANSCRIPT
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Bernice S. Ofosu-BaaduGhana statistical Service
EN/ADM/2014/Pres/20
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Insurance dataMain source data is supplied by the National
Insurance Commission (NIC) from the consolidated quarterly financial a on both General insurance (Non-life), and Life.
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Life insurance Is an activity whereby a policyholder makes
regular payments to an insurer in return for which the insurer guarantees to provide the policyholder (or the beneficiary) with an agreed sum, or an annuity, at a given date or earlier if the policyholder dies beforehand.
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Life Insurance data
Item GHc
Gross Premium 49,609,297
Unearned Premium 21,123,371
Benefits paid 1,577,702
Net Commission 3,305,133
Investment Income 4,926,010
Other Income 411,613
Change in reserves 24,926,515
Reinsurance 60,477,495
Operationg Expenses 820,180 use of administrative data in National Accounts 23-17 June 2014, Kigali-Rwanda 4
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Estimation
GENERAL INSURANCE (NON-LIFE), GHc Amount, GHc + Gross Premium earned 49,609,297.00 + Unearned premium 21,123,371.00 = Total premium earned 70,732,668.00 + Investment Income 3,305,133.00 + Other income 4,926,010.00 + Net commission 411,613.00 = Total premium settlement 79,375,424.00 - Benefits paid 1,577,702.00 + Change in reserves 24,926,515.00 = GROSS OUTPUT 102,724,237.00 - Reinsurance 820,180.00 - Operating expenses 13,827,680.00 VALUE ADDED 88,076,377.00
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Thank you for your kind attention
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