Browsing by Author "CHIKOPELA, Anna"

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    Analysis of Assessment Rates by Business Nature and Reported Accidents in Zambia: A Comprehensive Study of the Workers Compensation Fund Control Board
    (University of Lusaka, 2025) CHIKOPELA, Anna
    This research explores into the relationship between assessment rates, business nature and reported accidents within the context of the Workers' Compensation Fund Control Board in Zambia. The study aims to provide an understanding of the assessment rates imposed on businesses and how these rates correlate with the nature of businesses and reported workplace accidents. Employing a comprehensive analytical approach, the research examines data sets encompassing diverse business sectors to determine patterns, trends, and potential gaps in assessment rates. The methodology used integrates quantitative analysis, utilizing statistical models to identify significant associations between assessment rates and reported accidents by business nature, while qualitative insights are gathered through reports and records by the Board. Results indicate a high correlation but only at 10.5% goodness of fit between assessment rates and reported accidents by nature of business. This means that assessments rates are reflective of claims experience amongst other factors. It is therefore established that considering growth rates of assessed businesses and accidents in different natures of businesses, can provide some guidance in the evaluation of risk rates after a specified interval. Recommendation is made among others that a deliberate policy be implemented by the Workers’ Compensation Fund Control Board to continuously monitor and adjust assessment rates at after a specified period. This can be part of actuarial reviews conducted by the Board to be up to date with evolution of risks in different business natures.