Parametric insurance applicability in Zimbabwe: a disaster risk management perspective from selected practicing companies
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DOIhttp://dx.doi.org/10.21511/ins.10(1).2019.04
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Article InfoVolume 10 2019, Issue #1, pp. 36-48
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This study seeks to explore the possibility of adopting parametric insurance to manage disaster risk in Zimbabwe. The background of the research is caused by recurrent natural disasters and the failure of the government to offer disaster relief after such events. The main objective of the research is to come up with the success factors of adopting parametric insurance to manage disaster risk and its effectiveness in African countries. The study population consists of 32 employees from seven reinsurance companies and 5 from a regulatory body. Self-administered questionnaires and interviews were used to collect the data. The study assumes that Zimbabwe does not have sufficient infrastructure to establish parametric insurance, and the lack of financial capacity is another major problem. 61% of respondents confirmed that they were underwriting natural disasters and the remaining 39% were not. The natural disasters that are being covered in insurance market and under which insurance products are used were at 61%. About 39% of the reinsurance companies that are not underwriting natural disasters cited the major reasons why they do not. Most of respondents confirmed that there was no support from the government to underwrite catastrophic risks. 57% of the respondents indicated that it is not possible to adopt parametric insurance, whilst 43% of the respondents agreed that it was practical. Recommendations are made for the government and insurance providers, which include use of catastrophe bonds, government incentives and support, the creation of a clearing house and the involvement of international organizations and developing countries in adopting parametric insurance.
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JEL Classification (Paper profile tab)G22, Q54
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References40
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Tables2
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Figures7
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- Figure 1. Underwriting of natural disasters in Zimbabwe
- Figure 2. Strategies used to manage catastrophic portfolios
- Figure 3. Government support to reinsurance companies to underwrite catastrophic risks
- Figure 4. Effectiveness of government’s disaster response to natural disasters
- Figure 5. Reinsurers that considered adopting parametric insurance to cover disaster risk
- Figure 6. Natural disasters that reinsurers would prefer to cover if the government were to take parametric insurance
- Figure 7. Practicability of adopting parametric insurance in Zimbabwe
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- Table 1. Response rate
- Table 2. Insurance products covering catastrophic natural disasters
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Academic resilience, emotional intelligence, and academic performance among undergraduate students
Uzoma Ononye
,
Mercy Ogbeta ,
Francis Ndudi ,
Dudutari Bereprebofa ,
Ikechuckwu Maduemezia
doi: http://dx.doi.org/10.21511/kpm.06(1).2022.01
Knowledge and Performance Management Volume 6, 2022 Issue #1 pp. 1-10 Views: 2883 Downloads: 880 TO CITE АНОТАЦІЯAcademic resilience and emotional intelligence are considered important personal resources for furthering students’ academic performance. However, many educational organizations seem to trivialize the performance implications of these constructs in teachings and curriculum. Consequently, it can decrease not just their academic performance but also their employability, as they lack the generic competencies to adapt and survive in a stressful context. Even so, empirical evidence on integrating academic resilience, emotional intelligence, and academic performance remains unexplored in the Nigerian university context. Therefore, the study aimed to investigate the linkages between academic resilience, emotional intelligence, and academic performance in Nigeria. The partial least square (PLS) modeling method was utilized for testing the stated hypotheses with data collected from 179 final year undergraduate students in the regular B.Sc. Business Administration and B.Sc. Marketing program at Delta State University, Nigeria. From the PLS results, the study reported that academic resilience was positively related to emotional intelligence (β = 0.125, p = 0.007), academic resilience (β = 0.231, p = 0.000) and emotional intelligence (β = 0.260, p = 0.000) were positively related to academic performance, and emotional resilience mediated the positive relationship between academic resilience and academic performance (β = 0.057, p = 0.005). While academic resilience predicted academic performance, it also predicted emotional intelligence, which affected academic performance significantly and positively.
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The nature of China’s role in development of Africa: the case of Zimbabwe
Problems and Perspectives in Management Volume 15, 2017 Issue #1 (cont.) pp. 237-247 Views: 1849 Downloads: 1412 TO CITE АНОТАЦІЯChina’s involvement in Africa has become one of the contentious topics in the development literature. The background of the study is that Sino-African relations can be grouped into two phases thus: past relations and contemporary relations. The two phases are dissimilar, as past relations are categorized by solidarity against imperialism, while contemporary relations are characterized by economic relations. The study uses a historical approach to analyze China’s resurgence into Africa and Zimbabwe, a case study is used to examine the contemporary Sino-African relations. Secondary data were utilized to come to sound conclusion of the study. The study mainly found out that China’s resurgence into Africa presents both negative and positive impacts for Africa and that the negatives need to be regulated in order for African countries to benefit from the relations.
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Approaches to measuring resilience and their applicability to small retail business resilience
Simbarashe Kativhu 
,
Marizvikuru Mwale ,
Joseph Francis
doi: http://dx.doi.org/10.21511/ppm.16(4).2018.23
Problems and Perspectives in Management Volume 16, 2018 Issue #4 pp. 275-284 Views: 1715 Downloads: 1272 TO CITE АНОТАЦІЯThe resilience concept has attracted interest across many fields in the recent years. The interdisciplinary nature of the concept has led to the existence of numerous definitions, interpretations and measurement approaches. For this reason, there is no acceptable universal understanding of resilience across disciplines. Even though the concept is conceptualized differently in the small retail business field, scholars seem to commonly relate resilience to the ability of business to adapt to disruptions that threaten existence. However, resilience measuring has been a highly contested aspect in the sector. As such, neither key resilience attributes nor universally applicable criteria for resilience measuring exist in the small retail sector. At the same time, small retail businesses are increasingly exposed to direct and indirect threats that jeopardize their resilience prowess. Therefore, it is vital to develop approaches for assessing resilience levels and monitor changes over time. This paper critically examines current approaches to developing resilience measurement tools. Thereafter, it proposes the most applicable approach for developing performance measures of resilience for use in the small retail business sector. A review of key frameworks for resilience measuring within climate, community, livelihoods, organizational and business sectors was conducted. Frameworks and approaches for resilience measuring that has been in use in the past decade and half were selected. The main focus was on exploring methodological aspects, resilience attributes and variations in the interpretation of the resilience concept within different frameworks. It was revealed that the generic application of frameworks for resilience measuring in the small retail business sector is not appropriate. Thus, there is a need for developing contextualized frameworks to guide resilience measurement in the small retail sector.
