Use of Administrative Data in National Accounts - Ghana

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Bernice S. Ofosu-Baadu Ghana statistical Service EN/ADM/2014/Pres/20

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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 Presentation

Transcript of Use of Administrative Data in National Accounts - Ghana

Page 1: Use of Administrative Data in National Accounts - Ghana

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.

use of administrative data in National Accounts 23-17 June 2014, Kigali-Rwanda 3

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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

6use of administrative data in National Accounts 23-17 June 2014, Kigali-Rwanda


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