The Economic Relationship between the Livestock Underwriting, Insured Herd Size, Mortal Animal, Mortality Rate and Loss Ratio of Livestock Insurance Portfolio of TICo ltd in Khartoum 2016 ~ 2019

Abstract

The study attentive on theAnalysis of livestock insurance among the agro-business insurance portfolio of Ta’awuniya Insurance Company (TICo ltd).The study examined the economic characteristics of insurance portfolio that are policies amount, loss ratio and insured herd size as animal units, mortal animal units and mortality ratio during the period 2016-2019, in Khartoum state. Considering data availability and accessibility, using convenient data sampling technique to select registration records of 48 months started from Jan 2016 up to Dec 2019. Study sketched and organized a sample representing sixteen years of livestock insurance since 2003. then data were treated using descriptive statistics and linear correlation analysis, due to the overeat of p-value in Pearson‘s coefficient test. Descriptive statistics showed that the means and annual averages of the policies amount 11.63 polices per year, insured animal units 55.15 A.Us/year, mortal animal units 0.31 A.Us/year, annual mortality ratio 1.98 % and annual loss ratio 55.41%. Pearson‘s coefficient test revealed that the intersection or the linear correlation coefficient (in bracts) and p-value between Polices amounts with Insured animal units was (0.017) 0.91 , Polices amounts with loss ratio equaled (-0.035) 0.816 , Polices amounts and mortal animal units was (-0.010) 0.94 , Polices amounts and mortality ratio equaled (-0.076) 0.60 , Insured animal units with loss ratio was(-0.035) 0.815 , Insured animal units with mortal animal units was(0.059) 0.68 , Insured animal units to mortality ratio (-0.072) 0.62 . Loss ratio with mortal animal units (0.868) 0.00, Loss ratio and mortality ratio (0.820) 0.00,finally mortal animal units with mortality ratio (0.853) 0.00. These results indicated there were correlations amongst these variables pairs: loss ratio with mortal animal units, loss ratio and mortality ratio, mortal animal units and mortality ratio and the same results indicated no population correlation for the other pairs of variables, and so suggested suitable recommendations of thesefindings and conclusions. Like Extending the umbrella of livestock insurance to address multi-stage risks of animal production. Developing a monitoring and evaluation process of livestock insurance portfolio, Considering, minding and caring about the Intellectuality and attitudes about management capacities of the beneficiaries’ and stakeholders.