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Journal articles on the topic 'Life insurance companies'
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1
Bilous, Nina. "CHARACTERISTIC FEATURES OF THE CORPORATE STRATEGIES OF THE FOREIGN CAPITAL COMPANIES ON THE LIFE INSURANCE MARKET IN UKRAINE." International Journal of New Economics and Social Sciences 6, no. 2 (2017): 28–36. http://dx.doi.org/10.5604/01.3001.0010.7620.
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In the article the presence of international insurance companies on Ukraine’s insurance market has been, in particular, in the area of life insurances. Influence of activity of international companies on participants of insurance market of Ukraine is analysed. The directions of development of insurance companies activity are defined.
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Okhrimenko, Oksana, and Iryna Manaienko. "Forming the life insurance companies’ reputation in Ukrainian realities." Insurance Markets and Companies 10, no. 1 (2020): 49–60. http://dx.doi.org/10.21511/ins.10(1).2019.05.
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Insurers’ understanding of reputation importance is a key factor of their successful performance at the market. It particularly concerns life insurance sector, which has a significant development potential in Ukraine.The article aims at deepening scientific and practical essentials concerning the formation of life insurance companies’ reputation in conditions of market competition aggravation and insurance market conjuncture volatility.Based on ranking assessments used in Ukraine (Insurance Top, Mind, “My insurance agent” and the ranking of the corporate reputation management quality “REPUTATIONAL ACTIVists”), the need for ensuring the insurers’ reputation stability in conditions of acute competition at the market was substantiated. The results of financial statements analysis and corporate governance reporting of insurance companies ASKA-LIFE, TAS, KD Life, PZU Ukraine, UNIQA Life, MetLife were presented. It was substantiated that, within studying the life insurance companies’ reputation, along with main financial indicators, there is a need to analyze in details such indicators as insurance premiums and investment income for one insured from savings life insurance, average payments, current accounts payable, etc.It was proved that for reputation capital development, it is worth strengthening the role of corporate social responsibility, and to consider insurance companies’ assessment on the part of clients and employees who are brand advocates and affect the companies’ reputation formation.
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Prymostka, Olena. "Life insurance companies marketing strategy in the digital world." Insurance Markets and Companies 9, no. 1 (2018): 70–78. http://dx.doi.org/10.21511/ins.09(1).2018.06.
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The research is aimed to evaluate the internet marketing strategies in of life insurance companies in Ukraine. The insurance service in the time of digitalization faces scenarios of implementation in the marketing strategy on-line component. The main challenge for Ukrainian life insurance companies comparatively with the world practice is non-obligatory status of such kind of insurance contracts. So, on the one hand, costs of operation, regulatory pressures and inflexible technology infrastructure are increasing, and, on the other hand, economic recession does not allow to increase the number of insured persons, premiums and profit growth.Sector of financial services is characterized by an increase in the level of competition, life insurance compelled to compete with pensions funds, banks and other financial institutions in order to defend their market share. Insurance companies marketing strategy determines how an insurer can best achieve its goals and objectives, keep existing customers and attract new ones with minimal costs.Keeping all the above problems around the study would attempt to study all the factors that contributed to the effective marketing strategies. This paper presents different marketing strategies that are taken up in life insurance services keeping in view external and internal environment of the company.
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Dr., I. Meenakshi *1. "A STUDY ON PREFERENCE OF POLICYHOLDERS ABOUT PUBLIC AND PRIVATE LIFE INSURANCE COMPANIES IN TIRUNELVELI DISTRICT." International Journal of Research - Granthaalayah 6, no. 4 (2018): 105–10. https://doi.org/10.5281/zenodo.1241472.
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There are currently, a total of 24 life insurance companies in India. Of these, Life Insurance Corporation of India (LIC) is the only public sector insurance company. All others are private insurance companies. The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country's largest investor. More and more new private insurance companies are coming up year after year. And, these new and private life insurance companies adopt aggressive marketing strategies to introduce their products and to tap the potential policyholders. It is witnessed that new policies like ULIPs are introduced by these new private life insurance companies. It is in this concept this study has been undertaken to assess and analyze the preference of policyholders towards insurance services offered by public and private life insurance companies in Tirunelveli district.
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Ms., Gurjeet Kaur. "FINANCIAL PERFORMANCE OF INDIAN INSURANCE COMPANIES USING RATIO ANALYSIS." International Journal of Marketing & Financial Management 2, no. 9 (2014): 16–20. https://doi.org/10.5281/zenodo.10806927.
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<strong>Abstract</strong> <em>The objective of this paper is to compare the financial performance of public and private life and non-life insurance companies with the help of solvency ratio. The major life insurance companies are Life Insurance Corporation of India, Bajaj Allianz Life Insurance Company, HDFC Standard Life Insurance Company, ICICI Prudential Life Insurance Company and Birla Sunlife Insurance Company Limited. The major non-life insurance companies are National Insurance Company Limited,</em> <em>ICICI Lombard General Insurance Company Limited, Royal Sundaram Alliance Insurance Company Limited, Reliance General Insurance Company Limited and Tata AIG Insurance Company Limited In practice, the insurance sector is a colossal one and is growing at a speedy rate of 15-20% together with banking services, insurance services contribute as about 7% to the country’s GDP. Although, in Life Insurance Companies, Bajaj Allianz secured first position by maintaining a high solvency ratio over 7 years and LIC stood last. ICICI Lombard secured first position in solvency ratio among all the non-life insurance companies followed by Tata AIG and Reliance. National General stood fourth and Royal Sundaram stood last. The study also revealed that in case of life insurers the difference in the solvency ratio between public and private sector was significant while in case of non-life insurers the difference was insignificant. </em> <strong><em>Key Words</em></strong><em>: Companies, Life Insurance, Non-Life Insurance, Performance, Solvency, Public Sector, Private Sector.</em>
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Kingshuk, Adhikari, and Ghosh Ankita. "Financial Performance of SBI Life Insurance and PNB Met Life Insurance Company: A Comparative Assessment." Journal of Emerging Technologies and Innovative Research 5, no. 3 (2018): 88–90. https://doi.org/10.5281/zenodo.8225995.
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One of the fundamental changes experienced by the life insurance companies in India is the New Economic Policy Reform. Liberalization, Privatization and Globalization brought significant changes in the economy of the country. Entry barrier has been withdrawn as a result private players entered into the market in huge number thereby eroding the market share of all the companies in operation. The Insurance Regulatory and Development Authority (IRDA) was set up as a regulatory and monitoring body to overview the tasks of the insurance companies. Since then numerous private companies in the Indian Insurance industry has been increasing which pose a great threat to each and every life insurance companies. Huge competition among the companies pose a challenge to survive in the market with a sound financial health. The paper makes an attempt to compare the financial performance of SBI Life Insurance Company and PNB MetLife Insurance Company from 2008-2009 to 2013-2014 on the basis of certain parameters relating to profitability, solvency and liquidity.
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Benson, S., R. Burroughs, V. Ladyzhets, et al. "Copula models of economic capital for life insurance companies." Applied Econometrics 58 (2020): 32–54. http://dx.doi.org/10.22394/1993-7601-2020-58-32-54.
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Kingshuk, Adhikari, and Ghosh Ankita. "Financial Performance of SBI Life Insurance Company and Shriram Life Insurance Company: A Comparative Study." International Journal of Creative Research Thoughts 6, no. 1 (2018): 1668–74. https://doi.org/10.5281/zenodo.8225605.
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One of the significant changes that the life insurance companies in India have experienced in the current millennium is the introduction of financial sector reforms coupled with liberalization and globalization which have practically made the market condition precarious. With the liberalization of the economy, more and more insurance companies have entered into the market and thereby eroding the market share of all the companies in operation. The Insurance Regulatory and Development Authority (IRDA) was set up as a regulatory and monitoring body to overview the tasks of the insurance companies. Since then there has been a galloping inflow of private companies in the Indian Insurance industry and thus infused tremendous competition in this sector. This has posed a challenges for each and every life insurance companies, irrespective of their size, to survive in the market as well as to maintain a sound financial position. The paper makes an attempt to compare the financial performance of SBI Life Insurance Company and Shriram Life Insurance Company from 2008-2009 to 2013-2014 on the basis of certain parameters relating to profitability, solvency and liquidity.
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Dooren, Frans T. E., J. David Cummins, and Joan Lamm-Tennant. "Financial Management of Life Insurance Companies." Journal of Risk and Insurance 62, no. 1 (1995): 154. http://dx.doi.org/10.2307/253702.
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Light, Donald W. "Life, Death, and the Insurance Companies." New England Journal of Medicine 330, no. 7 (1994): 498–500. http://dx.doi.org/10.1056/nejm199402173300711.
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Pavić Kramarić, Tomislava, Maja Pervan, and Marijana Ćurak. "Determinants of Croatian Non-Life Insurance Companies’ Efficiency." Croatian operational research review 13, no. 2 (2022): 149–60. http://dx.doi.org/10.17535/crorr.2022.0011.
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Although a relatively large number of studies have been focused on evaluating the efficiency of insurance companies from different aspects, analysis of factors that determine the achieved level of insurers’ efficiency is still in their inception. While these studies primarily encompass insurance companies operating in developed insurance markets, such research based on the sample of Croatian non-life insurers does not exist. Therefore, this paper is focused on the efficiency drivers of the insurance companies that operate in the Croatian non-life insurance market. The research is based on data for 18 insurance companies in the period from 2009 to 2021. Applying Data envelopment analysis (DEA) and Truncated regression, the research results show that age and ownership influence the efficiency of non-life insurance companies in Croatia, while the companies’ size, leverage, and product diversification are not confirmed as significant determinants of the efficiency.
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Harakoz, Yu K. "INTERNATIONAL EXPERIENCE IN REGULATING LIFE INSURANCE COMPANIES." EurasianUnionScientists 6, no. 4(73) (2020): 59–63. http://dx.doi.org/10.31618/esu.2413-9335.2020.6.73.686.
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The growth of the life insurance segment encourages the state supervisory authority for the activities of insurance business entities to create conditions for its sustainable development, including through the introduction of a risk-based approach to the regulation and supervision of insurance companies –the Solvency II Directive. The Solvency II Directive is similar in concept to the risk-based approach to Bank regulation and supervision (Basel II). The expected results of its introduction are an adequateand comprehensive assessment of the risks of the insurance company's activities, compliance of the amount of capital with the level and profile of risks taken, as well as transparency and special rules for disclosure of information about its activities. Increasing growth rates in the insurance market and prospects for increasing the level of supervision by the Central Bank of the Russian Federation require life insurance companies to implement practical methods for assessing their capital, which are based on the most accurate assessment of their risks
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Kerr, A., and I. Rogers. "Repackaging the Life Office." Journal of the Staple Inn Actuarial Society 32 (March 1990): 117–44. http://dx.doi.org/10.1017/s2049929900010436.
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Traditionally the interest of actuaries and many other life assurance specialists in the ‘corporate structure’ of life offices has largely been limited to questions surrounding the distinctions between mutual and proprietary companies. More recently, attention has also been paid to composite insurance companies—principally to protect the interests of the long term business policyholders.Developments over the past ten years or so have led many life offices to reappraise their corporate structure. A number of companies have decided to set up a (non-insurance) group holding company, the principal subsidiary of which would be the established life assurance company. This paper will consider some of the pressures which have resulted in these reorganizations, in particular:(a) the impact of Section 16 of the Insurance Companies Act 1982 which restricts insurance companies to only conducting activities in connection with insurance;(b) the various provisions in the Insurance Companies Regulations 1981 which limit the admissibility of particular assets and specify minimum accounting standards which must be adopted when writing down certain fixed assets;(c) the additional flexibility with regard to marketing and the financing of marketing costs which a revised structure will allow;(d) the purchase of companies for sums substantially in excess of their net asset value which may give rise to difficulties in accounting for the ‘goodwill element’ in the purchase price;(e) the potential tax advantages (and, in some cases, disadvantages) which may result from the creation of a non-insurance holding company.
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TKACHENKO, Nataliia, and Serhiy KYRYLENKO. "INSURANCE COMPANIES AS PRODUCERS OF INVESTMENT FINANCIAL SERVICES." WORLD OF FINANCE, no. 2(75) (2023): 31–44. http://dx.doi.org/10.35774/sf2023.02.031.
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Introduction. Insurance companies are among the largest investors in countries with developed insurance markets. At the same time, it is legitimate to consider them as institutional investors. In today's conditions, foreign insurance companies demonstrate the intensification of life insurance, which, in turn, determines the need to improve existing insurance products and/or introduce non-traditional products, which include investment life insurance. The latter are a popular instrument in the market of insurance and investment services, primarily due to the combination of such features as insurance protection and profitability. The successful operation of life-insurers in a constantly dynamic and competitive environment is associated with their ability to quickly respond to the challenges of the external and internal environments, and not only to adapt to them, but also to use new circumstances for increasing the competitiveness and capitalization of the company, as well as preserving and expansion of own client base. The purpose of the article is to study the specifics of the activity of insurers as institutional investors, on the one hand, and their ability to produce investment financial services, in particular investment life-insurance services, to identify the attributes of the latter, differences from classical life insurance and outline the prospects for the development of investment-oriented life insurance on the domestic insurance market. Results. It is identified the features of the functioning of insurance companies as institutional investors. The definition of “investment potential of an insurance company” was defined and deepened. The specifics of investing insurance reserve funds and investment opportunities for non-life and life insurers are argued. Modern trends in the development of the life insurance market and, accordingly, the latest formats in the management of assets of life insurers have been revealed. The specifics of investment life insurance are clarified and its attributes are formulated. The differences between classic mixed life insurance and investment life insurance are systematized according to the following criteria: motivation for concluding the contract; placement of insurance premium; the principle of calculating insurance premiums; obligations of the insurer; the amount of the redemption amount; the possibility of receiving additional payments; the dynamics of increasing the premium reserve. Trends in the development of investment life insurance in Europe and on the Polish insurance market have been analyzed. Conclusions. Modernity requires the implementation of the latest approaches to the activities of insurance companies, in particular in the area of production of investment financial services, namely investment life insurance. Classical standards in life insurance are gradually being abandoned, which contributes to the dynamic development of insurance worldwide, which provides for the payment of insurance coverage depending on the dynamics of stock values. The need to develop investment life insurance on the domestic insurance market – a financial instrument that embodies both insurance protection and an accumulation opportunity with the help of investments – has been proven.
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Liu, Yifang. "The Research of Chinese Life Insurance Companies’ Operating Performance." Frontiers in Business, Economics and Management 6, no. 1 (2022): 14–18. http://dx.doi.org/10.54097/fbem.v6i1.2251.
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The study of operating efficiency of life insurance companies has been the focus of many scholars, and the two main research methods are subjective empowerment and objective empowerment at present. To address this issue and also to combine the operational characteristics of life insurance companies in China. This article establishes a relative and objective comprehensive evaluation index system and uses factor analysis to study the operational efficiency of life insurance companies in China. Twenty-six life insurance companies with two complete operating cycles in the Chinese life insurance market as of 2020 were selected as the research sample. Thirteen indicators were selected to construct a cross-sectional data system to evaluate the operational efficiency of life insurance companies. The results show that Chinese life insurance companies are comparable to joint venture life insurance companies in terms of overall score, business capacity and profitability, with a relatively even distribution of rankings; while joint venture companies generally lag behind Chinese companies in terms of company size and strength and solvency.
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Meenakshi, I. "A STUDY ON PREFERENCE OF POLICYHOLDERS ABOUT PUBLIC AND PRIVATE LIFE INSURANCE COMPANIES IN TIRUNELVELI DISTRICT." International Journal of Research -GRANTHAALAYAH 6, no. 4 (2018): 105–10. http://dx.doi.org/10.29121/granthaalayah.v6.i4.2018.1485.
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There are currently, a total of 24 life insurance companies in India. Of these, Life Insurance Corporation of India (LIC) is the only public sector insurance company. All others are private insurance companies. The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country's largest investor. More and more new private insurance companies are coming up year after year. And, these new and private life insurance companies adopt aggressive marketing strategies to introduce their products and to tap the potential policyholders. It is witnessed that new policies like ULIPs are introduced by these new private life insurance companies. It is in this concept this study has been undertaken to assess and analyze the preference of policyholders towards insurance services offered by public and private life insurance companies in Tirunelveli district.
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Bouzouita, Raja, and Arthur Young. "Determinants of the Reinsurance Decision by Life Insurance Companies." Journal of Finance Issues 8, no. 2 (2010): 11–28. http://dx.doi.org/10.58886/jfi.v8i2.2346.
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Risk management is vital to any business including insurance companies, and reinsurance is the major risk management tool available to insurance companies. Insurance companies rely on reinsurance to manage underwriting risk, tax liability, and incentives to invest. This paper extends existing research by considering the decision to reinsure for life insurance companies in two ways. First, we analyze life insurance companies’ propensity to reinsure any amount of business. Then, for those companies that do reinsure, we analyze the extent of reinsurance by examining the proportion of reinsurance relative to the total amount of premiums. Using two cross sections of data for U.S. life insurance companies, we find measures of underwriting risk, tax incentives, and incentives to invest are significant determinants of both aspects of the reinsurance decision.
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KHORVATOVA, Oksana. "Civil and legal regulation of investment activities of life insurance companies." Economics. Finances. Law 2/2024, no. - (2024): 61–66. http://dx.doi.org/10.37634/efp.2024.2.13.
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The paper is devoted to some features of the investment activity by life of insurance companies, as well as their civil law regulation. Attention is focused on the fact that life and health insurance is a direction of non-state pension provision in the context of pension reform in Ukraine. A range of questions from potential consumers of insurance services in the field of life and health insurance regarding the investment activity of insurers, methods and means of placing investments, their legal regulation, guarantees of the integrity and safety of accumulation under the life insurance contract has been determined. Scientific approaches to the understanding of investments in general, and the peculiarities of investment activity by life insurance companies have been studied. The norms of national legislation, international financial reporting standards regulating long-term life insurance contracts, including those with an investment component, were analyzed. The civil law procedure for investing funds raised by insurance companies under long-term life insurance contracts and investment life insurance contracts is defined. Examples of investment activities of insurance companies that are leaders in the life insurance market are given. It is indicated that according to statistical data, as of January 1, 2024, 12 life insurance companies are registered and operating in Ukraine. There are life insurance companies provide services exclusively in the field of long-term life insurance, health and pension insurance. Currently, only 8 insurance companies are actively working. It was concluded that financial instruments such as securities in the form of bonds, bank deposits and investment (income) real estate are most popular among life insurance companies for investing.
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Zahara, Neni, and Mulia Saputra. "ANALISIS PERBANDINGAN EFISIENSI PERUSAHAAN ASURANSI JIWA KONVENSIONAL DAN PERUSAHAAN ASURANSI JIWA SYARIAH DI INDONESIA DENGAN METODE DATA ENVELOPMENT ANALYSIS (DEA)." Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi 5, no. 2 (2020): 229–38. http://dx.doi.org/10.24815/jimeka.v5i2.15558.
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The purpose of this study is to measure the efficiency of conventional and sharia life insurance companies in indonesia during the period 2012-2016 and to find out whether there are differences in efficiency between conventional and sharia life insurance companies. This research is a quantitative descriptive research using secondary data sourced from the company's annual financial statements. The samples used were 10 conventional life insurance companies and 10 sharia life insurance companies. Efficiency measurement in this study uses the Data Envelopment Analysis (DEA) method based on CCR model with an value-added approach. The input variables used are assets, capital, general and administrative costs, and commission expenses. While the output variable is premium and investment income. The results of this study indicate that conventional life insurance companies have a better level of efficiency than sharia life insurance companies, but there is no significant efficiency difference between conventional life insurance companies and sharia life insurance companies during the 2012-2016 period.
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Jannara Dewaji and Khusnudin. "Comparative Analysis of the Efficiency of Sharia and Conventional Life Insurance Industries in Indonesia." Indonesian Journal of Business Analytics 5, no. 2 (2025): 1999–2016. https://doi.org/10.55927/ijba.v5i2.14244.
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This study compares the efficiency of sharia and conventional life insurance in Indonesia using data envelopment analysis (DEA). Annual financial data from 24 sharia life insurance companies and 17 conventional life insurance companies for the period 2019–2023 were analyzed using the CRS, VRS, and SE approaches using MAX DEA 8 and Microsoft Excel. The results showed that based on the CRS and SE methods, 14 sharia life insurance companies and 6 conventional life insurance companies were efficient for five consecutive years. Meanwhile, based on the VRS method, there were 15 sharia life insurance companies and 9 conventional life insurance companies that were efficient in the same period. The main factors causing inefficiency are liabilities and operational expenses. This study emphasizes the importance of efficiency analysis in the life insurance industry to improve sustainability, support economic growth, and community welfare.
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Raja Bouzouita. "Life Insurance Performance Characteristics." International Journal of Finance & Banking Studies (2147-4486) 12, no. 1 (2023): 32–40. http://dx.doi.org/10.20525/ijfbs.v12i1.2398.
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This study examines the different factors that affect the profitability of the U.S. life insurance industry. Using a panel data from 1997 to 2013 for all U.S. life insurance companies, I find that company specific variables and macroeconomic indicators are statistically significant determinants of financial performance. Most notably, the statistical analysis shows that efficiency and market share are important determinants of life insurers’ profitability in addition to growth in GDP and interest rate. There is support for the profit persistency hypothesis that previous profitability significantly affects current performance of life insurance companies. Robustness tests by insurer’s organization type provide consistent results.
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Trivedi, Sonal. "A Risk Management Framework for Life Insurance Companies." Journal of corporate governance, insurance and risk management 9, no. 1 (2022): 89–111. http://dx.doi.org/10.51410/jcgirm.9.1.6.
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Purpose: After the outbreak of COVID-19, the insurance business has experienced losses in terms of decreased demand for an insurance policy, lower return on investment, and increased claim settlement. Thus, risk management plays a significant role in mitigating the risk for businesses. However, risk management is restricted as a predefined approach for managing threats of uncertainty resulting from the activity or error of humans. Furthermore, the life insurance industry faces the challenge of paying claims in case of an increased death rate after the outbreak of COVID-19. Thus, there is a need for a better risk management framework. Methodology: This paper identifies the gap between the existing risk management model and the model specified by IRDA and suggests a model to mitigate the insurance risk. The study posits that whether an individual is more suitable or not for life insurance can be decided based on a simple factor. By using this tool/model of risk management, a life insurance company can reduce its risk of providing insurance to a customer exposed to high risk.
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Sharma, Pushpa Raj. "Mainstreaming Micro-Insurance Schemes: Role of Insurance Companies in Nepal." Economic Literature 11 (May 9, 2016): 40. http://dx.doi.org/10.3126/el.v11i0.14865.
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<p>Micro-insurance refers to the relatively short term insurances meant for health, accident, crop and livestock policies. The beneficiaries are the rural people who are mostly involved in agriculture which is subject to different external shocks. Along with agro insurance, the regulator is also encouraging insurance companies to insure micro enterprises such as water mills, tea shops, rickshaws and vending carts. The poor households currently need to incur huge amounts of health expenses which are over and above their current income(s) and savings and therefore, need to resort to multiple sources of financing, of which a major source is borrowing. At present, there are 25 registered insurance companies in Nepal. Of these, 8 are private commercial life insurers, 16 are private commercial non-life insurers and 1 is composite insurer. There is no scientific calculation of the crop’s yield and of livestock, which will create ambiguity in the valuation of the property being insured. </p><p><strong>Economic Literature,</strong> Vol. XI (40-46), June 2013 </p>
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Kholis, Nur, and Yunita Nur Afifah. "Measuring Financial Efficiency of Insurance Companies in Indonesia Using Stochastic Frontier Analysis Approach." Journal of Islamic Economics Lariba 8, no. 1 (2022): 196–212. http://dx.doi.org/10.20885/jielariba.vol8.iss1.art12.
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This paper aims to analyze the efficiency value and compare the efficiency ratio between sharia insurance and conventional insurance companies, both life insurance and general insurance in Indonesia, for 2018-2020. The research applies the Stochastic Frontier Analysis (SFA) method, which uses total capital and expenses as input variables, and total income as output variables. The efficiency values of Islamic and conventional insurance companies' results were compared using an independent sample t-test statistical test. The population of this research is all Islamic and conventional insurance companies listed on the website of the Financial Services Authority (OJK). The sample used is 19 sharia insurance companies (15 life insurance companies and four general insurance companies). The sample of conventional insurance is 23 companies (22 life insurance companies and one general insurance company). The results showed that the efficiency value of Islamic insurance companies (0.6549) was 0.0697 lower than conventional insurance (0.7246). It can be concluded that the efficiency of conventional insurance is better than Islamic insurance. Islamic insurance management capabilities are lower than conventional insurance companies’ management capabilities.
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Hee, Park Kwang, and Woon Kyung Song. "Factors Affecting Derivatives Use for Life Insurance Companies." International Journal of Economics and Finance 9, no. 12 (2017): 168. http://dx.doi.org/10.5539/ijef.v9n12p168.
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The aim of this article is to investigate what factors affect derivatives use for life insurance companies in Korea. For life insurance companies in Korea, there are some problems to solve. First one is to meet IFRS standard which emphasizes solvency. Second one is to overcome problems from macroeconomic including low economic growth and low interest rate, fluctuating foreign currency exchange rate, and problems from population composition change and longer longevity. One of the possible ways to control the risks that life insurance companies face is using derivatives. Traditionally life insurance companies use reinsurance to hedge their inherent risks. However, hedging by using derivatives provides some different merits from those by reinsurance, such as, effects of controlling risks from macroeconomic change, in some cases less costs to control risks, etc. So using derivatives to control risks for life insurance companies is not only for sustainable management but for growth and becoming more competitive. The study results show that asset size, foreign assets and liabilities, proportion of deposit insurance, liquidity, RBC are significant factors affecting derivatives use.
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Dr.E.L.Ramar and Mrs.R.Gayathri. "A Study on Issues in Marketing of Life Insurance Services in India." A Study on Issues in Marketing of Life Insurance Services in India 7, Sp 1 (2019): 122–24. https://doi.org/10.5281/zenodo.3595740.
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Insurance and economic development in India manifest straight effective correlation on the ballooning track way. Insurance companies, both life and nonlife, have been playing the role of nancial conciliator and accomplish remarkably useful functions in our economy. In India, Insurance sector was opened for private participation with the enactment of the IDRA Act 1999. Since then, 22 private companies have been established in life insurance sector. All these players are actively introducing inventive products to meet the peculiar needs of intended policyholders. However, life insurance companies, particularly private sector players, give additional consciousness in selling unit liked plans that are not suited to the real needs of the insured. This paper shows the important aspects of life insurance marketing activity from a services point of view and highlights the present issues and challenges facing the life insurance companies in product marketing. Overall my paper shows the important aspects of life insurance sectors challenges, opportunities facing the life insurance companies in product marketing.
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Januarti, Indira, and Thifal Suci Khairunnisa. "THE INFLUENCE OF CORPORATE GOVERNANCE AND PROFITABILITY ON THE SOLVENCY ACHIEVEMENT OF THE INSURANCE INDUSTRY." Jurnal Akuntansi 16, no. 1 (2022): 47–66. http://dx.doi.org/10.25170/jak.v16i1.2899.
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This study is aims to discuss the effect of corporate governance and profitability on solvability rate of general insurance companies and life insurances companies in Indonesia. The variables used in this study are the dependent variable (solvability rate) and independent variable (board of commissioners, independent commissioners, board of directors, and profitability). This population in this study is general insurance companies and life insurance companies listed on Insurance Directory of Otoritas Jasa Keuangan in the period 2017-2019. Based on criteria, samples obtained were 213 for the three years obtained (2017-2019). The analytical method used in this study is multiple regression with SmartPLS software. The result of this study indicate that board of commissioners and profitability have a positive significant effect on solvability rate. While, independent commissioners and board of director is not significantly influence the solvability rate
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Kaur, Anupriya. "Perceived Website Efficacy for Life Insurance Companies." International Journal of Information Technology Project Management 13, no. 3 (2022): 1–21. http://dx.doi.org/10.4018/ijitpm.313631.
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Given the proliferation of websites which act as digital channels for life insurance companies, a competitive situation has emerged with each vying for the web user's attention and patronage. Web efficacy is vital for creating an impressive online experience and gaining customer patronage. To facilitate the understanding of website managers on specific aspects which matter the most to customers, this study employs the best-worst method to evaluate the importance of various criteria employed by the web users to assess these digital options. Additionally, using four life insurance websites (LIC, SBI Life, HDFC Life Insurance, and Max Life Insurance) as alternatives, the study helps illustrate the competitive position of the websites based on key criteria: trust, visual appeal, innovativeness, information fit-to-task, tailored information, response time, intuitive operations, and relative advantage. The results of this study are easily interpretable and can provide key insights on the specific attributes in a comparative manner for website administrators and managers.
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Mrs.R.Gayathri. "A Study on Issues in Marketing of Life Insurance Services in India." A Study on Issues in Marketing of Life Insurance Services in India 7, Sp 1 (2019): 43–45. https://doi.org/10.5281/zenodo.3595708.
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Insurance and economic development in India manifestst raight effective correlation on the ballooning track way. Insurance companies, both life and nonlife, have been playing the role of nancial conciliator and accomplish remarkably useful functions in our economy. In India, Insurance sector was opened for private participation with the enact ment of the IDRA Act 1999. Since then, 22 private companies have been established in life insurance sector. All these players are actively introducing inventive products to meet the peculiar needs of intended policy holders . However, life insurance companies, particul arly private sector players, give additional consciousness in selling unit liked plans that are not suited to the real needs of the insured. This paper shows the important aspects of life insurance marketing activity from a services point of view and highlights the present issues and challenges facing the life insurance companies in product marketing. Overall my paper shows the important aspects of life insurance sectors challenges, opportunities facing the life insurance companies in product marketing.
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Jaishi, Bhupal, and Resam Lal Poudel. "Impact of Firm Specific Factors on Financial Performance: A Comparative Study of Life and Non-Life Insurance Companies in Nepal." Prithvi Academic Journal 4 (May 12, 2021): 39–55. http://dx.doi.org/10.3126/paj.v4i0.37014.
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The empirical research has been carried out to examine the firm specific factors composition and its impact on financial performance of life and non-life insurance companies in Nepal. This paper employs the descriptive as well as causal-comparative research design. The study comprises of a panel data set of 14 insurance companies listed in Nepal Stock Exchange (NEPSE) with 140 observations covering a period of 10 years from 2009/10 to 2018/19. The result exhibits that the insurance companies having a high debt ratio have better financial performance. It also reveals that a higher proportion of debt ratio and tangible assets increases return in assets. On the other side, a lesser proportion of equity, firm size and liquidity decreases the return on assets of the insurance companies in Nepal. The study raises understanding of impacts of firm specific factors on financial performance and provides an empirical evidence that the total debt ratio, equity to the total assets ratio, leverage, firm size, liquidity and tangibility are the significant factors in determining the financial performance of Nepal’s insurance companies. The non-life insurance companies tend to perform better in term of financial performance measured by earning per share and return on assets. The study leads to practical implications for insurance companies and regulatory bodies. The insurance companies of Nepal interested to improve their financial performance should focus on increasing their leverage and long-term investment and decreasing the proportion of equity, firm size and liquidity.
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Tuffour, Joseph Kwadwo, Kenneth Ofori-Boateng, Williams Ohemeng, and Jane Kabukuor Akuaku. "Life Insurance Companies: Determinants of Cost Efficiency and Profitability." Journal of Accounting, Business and Management (JABM) 28, no. 2 (2021): 1. http://dx.doi.org/10.31966/jabminternational.v28i2.501.
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One of the most important aspects of measuring a firm’s performance is its efficiency, through which the firm is expected to envisage effective cost reductions, thereby enhancing profitability. However, most studies conducted to explore the determinants of insurance companies’ performance has concentrated on the accounts earnings information and its components which are known to explain a small proportion of a firm’s performance. Also, studies on insurance either lump all the insurance companies together or pay more attention to non-life insurance, making it difficult to evaluate the fast growing life insurance industry in Ghana. Therefore, this study examines the efficiency of life insurance companies in Ghana utilising data from twelve life insurance companies for a period of 2013-2017. The efficiency scores were calculated using Efficiency Measurement System software. The fixed effect panel regression results show that, the significant determinants of both cost and profit functions are: price of labour, commission, gross premium and net investment income. It was also revealed that, on the average, the life insurance companies were about 71.2% cost efficient and 41.7% profit efficient. Further analysis reveals that, both profit and cost efficiency changes have statistically significant positive effect on firms’ Return on Asset. Policy-makers should institute policies that encourage these companies to operate efficiently in order to make effective capital allocation decisions to avoid collapse.
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Uday, Kishor Tiwari, Kumar Tiwari Ram, and Shah Binod. "Practices of Corporate Social Responsibility in Nepalese Insurance Companies." Sarcouncil Journal of Economics and Business Management 3, no. 10 (2024): 1–7. https://doi.org/10.5281/zenodo.13931557.
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Corporate sustainability plays a crucial role in the success of organizations, including the insurance sector. Investing in social responsibility enhances the public's perception and ownership towards the company. This study aims to investigate the Practices of Corporate Social Responsibility (CSR) in Nepalese Insurance Companies. A descriptive design is employed for this research, utilizing appropriate tables to analyze and present the data. The analysis focuses on all 37 insurance companies in Nepal, which include 14 life insurance, 14 non-life insurance, 2 reinsurance, and 7 micro-insurance companies. To achieve objectives of the study, both primary and secondary data are collected. Primary data were gathered using judgmental sampling, in which chosen respondents filled out questionnaires, while secondary data were obtained from various journals, reports, magazines, and websites. From the 37 insurance companies, only seven were selected for the sample: Nepal Life Insurance Company Limited, Himalayan Life Insurance Limited, Sanima Reliance Life Insurance Limited, Suryajyoti Life Insurance Company Limited, Himalayan Everest Insurance Limited, Shikhar Insurance Company Limited, and Himalayan Reinsurance Limited. Employees from these companies participated in the research. Data analysis revealed that most insurance companies in Nepal contribute at least one percent of their net profits to various sectors, including health, education, and various welfare initiatives as part of their CSR efforts. The findings suggest that there is a positive correlation between CSR initiatives and both company’s performance and public image
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Kumar, N. Senthil, and K. Selvamani. "LIFE INSURANCE INDUSTRY IN INDIA-AN OVERVIEW." International Journal of Research -GRANTHAALAYAH 4, no. 10(SE) (2016): 30–36. http://dx.doi.org/10.29121/granthaalayah.v4.i10(se).2016.2466.
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The first insurer of life was the marine insurance underwriters who started issuing life insurance policies on the life of master and crew of the ship, and the merchants. The first insurance policy was issued on 18th June 1583,on the life of WILLIAM GIBBONS for the period of 12 months. The oriental life insurance company is the first insurance companies in India which is started on 1818 by Europeans at Kolkata. The Indian Life Assurance Companies Act, 1912 was the first statutory measure to regulate life business. In 1928, the Indian Insurance Companies Act was enacted to enable the Government to collect statistical information about both life and non-life business transacted in India by Indian and foreign insurers including provident insurance societies. In 1938, with a view to protecting the interest of the Insurance public, the earlier legislation was consolidated and amended by the Insurance Act, 1938 with comprehensive provisions for effective control over the activities of insurers. In 1956 the life insurance companies was nationalized. The LIC absorbed 154 Indian, 16 non-Indian insurers as also 75 provident societies—245 Indian and foreign insurers in all. The LIC had monopoly till the late 90s when the Insurance sector was reopened to the private sector.
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Přečková, Lenka, and Eva Vávrová. "Evaluation of the impact of the COVID-19 pandemic on the financial health of commercial insurance companies in the Czech Republic." Research Papers in Economics and Finance 8, no. 2 (2024): 78–90. https://doi.org/10.18559/ref.2024.2.1188.
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This article focuses on assessing the impact of the COVID-19 pandemic on the insurance operations of commercial insurance companies in the Czech Republic. The aim of the article is to determine the impact of the pandemic on the financial health of commercial insurance companies in the Czech Republic. In order to achieve this, ratio indicators suitable for measuring the financial health of commercial insurance companies, such as the growth rate of premium income, cost-effectiveness, profitability or solvency, have been employed. Because insurance activities in non-life and life insurance differ and show different values of ratio indicators of financial health, insurance companies have been divided into two groups: those with a predominance of life insurance and those with a predominance of non-life insurance. The impact of the pandemic on the financial health indicators of individual commercial insurance companies has been monitored. The period from 2016 to 2021 has been selected to determine the impact of the pandemic. The authors have used data from the statistics of the Czech Association of Insurance Companies and annual reports of insurance companies.
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Sinha, Ram Pratap, and Biswajit Chatterjee. "Technical Efficiency Behaviour of Life Insurance Companies." Indian Economic Journal 59, no. 1 (2011): 146–61. http://dx.doi.org/10.1177/0019466220110109.
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Rahman, Hamid, and Mohammad Najand. "Optimal futures positions for life insurance companies." Journal of Futures Markets 12, no. 1 (1992): 105–15. http://dx.doi.org/10.1002/fut.3990120110.
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Afiifah, Alifia Nur, and Anniza Citra Prajasari. "Profitability Antecedents of Sharia Life Insurance Companies." Journal of Islamic Economic Scholar 3, no. 2 (2023): 73–92. http://dx.doi.org/10.14421/jies.2022.3.2.73-92.
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This study aims to determine the effect of internal company factors on the profitability of sharia life insurance companies. The sampling technique used was purposive sampling with the object of research being sharia life insurance companies registered with the Financial Services Authority between 2017-2020. The analysis technique used is multiple linear regression analysis using the Stata 24 application. The results show that partially investment returns have a significant positive effect, and claims have a significant negative effect on profitability. Meanwhile, the premium growth ratio, liquidity and risk based capital are not significant in influencing profitability
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Nathania, Felicia, Kokkiang Tan, and Behrang Samadi. "Efficiency Analysis of Life Insurance Companies in Indonesia and Malaysia." International Journal of Advanced Business Studies 3, Special Issue 1 (2024): 93–106. http://dx.doi.org/10.59857/ijabs.5160.
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This study focuses on measuring the performance of life insurance companies in Indonesia and Malaysia. Input oriented Data Envelopment Analysis (DEA) uses panel data to extract the efficiency score of 5 life insurance companies from Indonesia and 5 life insurance companies from Malaysia for the year of 2015-2019. DEA-based Malmquist Total Factor Productivity (TFP) Index used to measure the efficiency change along the study period. This study utilizes asset and operating expenses as input variables, as for output variables, this study utilizes premium and investment income. Based on an efficiency score computed by DEA, most of the life insurance companies in both countries perform efficiently during the study period. However, life insurance companies in Indonesia still perform more efficiently than Malaysian life insurance companies. The results of the Malmquist TFP Index for life insurance companies in both countries show that there is 2.5% improvement in technical efficiency change, 1.5% deterioration in technology efficiency change, 0.6% improvement in pure efficiency change, 1.9% improvement on scale efficiency change, and 0.9% increase in TFP change. It shows that the main reason for TFP increased is due to improvement of technical efficiency change.
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Kweh, Qian Long, Wen-Min Lu, Wei-Kang Wang, and Meng-Hsu Su. "Life Insurance Companies' Performance and Intellectual Capital: A long-term perspective." International Journal of Information Technology & Decision Making 13, no. 04 (2014): 755–77. http://dx.doi.org/10.1142/s0219622014500588.
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This study used dynamic data envelopment analysis (dynamic DEA) to evaluate the operating performance of life insurance companies in Taiwan and China. In addition, this study adopted panel data regression, which employs the cross-section and time-series approaches, to investigate the impact of intellectual capital (IC) on operating performance. The results indicated that the overall performance of life insurance companies in China was better than that of life insurance companies in Taiwan. Furthermore, in both countries, the performance of life insurance companies with local capital was better than that of companies with foreign capital. The results also showed that human capital (HC) and structural capital (SC) had impacts on the operating performance of life insurance companies. The potential applications and strengths of DEA in assessing the life insurance industries in Taiwan and China are highlighted.
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Pakhnenko, O., O. Zhuravka, V. Podhorna, and A. Sukhomlyn. "ANALYSIS OF COMPETITIVE POSITIONS OF INSURANCE COMPANIES IN THE NON-LIFE INSURANCE MARKET IN UKRAINE." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 2 (2019): 88–94. http://dx.doi.org/10.21272/1817-9215.2019.2-11.
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The paper explores the practical aspects of forming a competitive environment in the non-life insurance market of Ukraine and analyzes the competitiveness and financial performance of leading insurance companies. Based on the analysis of non-life insurance market concentration indicators, the authors concluded that there is no clear leader in this market, the level of market concentration is negligible. Based on the analysis of non-life insurance market leaders by volume of gross insurance premiums in the whole market and by main types of non-life insurance (CASCO, motor vehicle liability insurance, property insurance, fire and catastrophe risk insurance, CARGO, health insurance) the authors found that the leadership of insurance companies in the market does not mean their leadership in all types of non-life insurance; some insurance companies specialize in certain types of insurance and not being leaders in the insurance market at all occupy leading positions in certain segments of non-life insurance market. In order to provide a general assessment of the competitiveness of individual insurance companies in the non-life insurance market, the following indicators were selected: the volume of gross insurance premiums, gross insurance payments, insurance reserves and the amount of equity. In order to assess the size of market share of an individual insurance company in a more objective way, it is suggested to calculate the average share of the insurance company. The calculations made it possible to identify the leaders of the non-life insurance market in 2018 and to explore the dynamics of changes in their competitive position during 2016-2018. For the three insurance companies that have been identified as the leaders of the Ukrainian market non-life insurance in 2018 (“UNIKA”, “AXA Insurance” and “PZU Ukraine”), the authors analyzed the main indicators of their financial condition, namely the profitability of insurance services, profitability of sales, return on assets, return on equity, overall liquidity, absolute liquidity and autonomy. It was found that all the analyzed insurance companies are profitable, however, among the three leading Ukrainian insurance companies, the most effective in 2018 was the insurance company “PZU Ukraine” and the least profitable – “UNIKA”. Keywords: competitiveness, insurance company, market concentration, market share, competition.
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Lukić, Radojko. "Analysis of the efficiency of insurance companies by lines of insurance in Serbia using the COCOSO method." Tokovi osiguranja 37, no. 4 (2021): 9–38. http://dx.doi.org/10.5937/tokosig2102009l.
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Lately, as known, the efficiency (performance) of insurance companies has been increasingly assessed through the multiple criteria analysis. Having this in mind, this paper analyses the efficiency of insurance companies by lines of insurance in Serbia using the COCOSO method (Combined Compromise Solution). We have proposed adequate measures, within this context, to upgrade the future efficiency of insurance companies in Serbia. The results of efficiency survey of insurance companies by lines of business in Serbia using the COCOSO method has revealed that the method is best applied in property insurance, followed by the accident insurance and voluntary health insurance, motor vehicle insurance, nonlife insurance not classified in subgroups, life insurance other than pure life, liability insurance, pure life insurance, insurance of vessels and transport, credit and guarantee insurance and aircrafts insurance. Such efficiency ranking of the insurance companies by insurance lines was impacted by numerous macro and micro factors (living standard, economic climate, political situation and the like).
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I Nyoman Winata and Mulawarman Awaloedin. "Risk Based Capital Sebagai Tolok Ukur Kinerja Keuangan Perusahaan Asuransi Jiwa Dalam Membantu Masyarakat Yang Hendak Berasuransi." AKUNTANSI 45 4, no. 2 (2023): 18–32. http://dx.doi.org/10.30640/akuntansi45.v4i2.1805.
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The purpose of this study is to analyze the difference in the RBC between the national life insurance company and the joint venture life insurance company and to analyze the impact of the difference in the RBC for people who want to be insured. The method used is a case study on national life insurance companies and joint life insurance companies, each with 5 companies with the largest assets, in 2019-2020. While the type of data is secondary data collected through the website of each company in the form of financial statements. The analysis technique was carried out by means of a different mean test (Compare Means) or a t-test (t-test) with the help of SPSS. Then analyze the impact of differences in the RBC achievement for people who want to be insured. The calculation results show that there is no difference in the RBC between the national life insurance company and the joint venture life insurance company. However, judging from the average RBC, national life insurance companies have not shown better financial performance than joint venture life insurance companies. This has an impact on the lack of public trust in national life insurance companies, which has the potential to cause the company's inability to cope with the risk of future losses.
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Pratiwi, Permata Dian, and Mela Nofiyasari. "Financial Performance Of Sharia Life Insurance Companies In Indonesia." Journal of Management and Business Insight 1, no. 1 (2023): 1–9. http://dx.doi.org/10.12928/jombi.v1i1.420.
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Purpose-The objective of this study is to analyze the financial standing of Indonesian Sharia life insurance firms, which will be assessed in terms of profit and influenced by premium income, investment return, and risk-based capital. Sharia insurance aims to help each other by setting aside funds in accounts for the purpose of helping each other in case of an accident. Indonesia has a majority Muslim population, making Sharia insurance easy to develop. The development of Sharia insurance is expected to be in line with its financial performance. Design/Methodology/Approach-This research used a quantitative approach and secondary data. The sample used was Sharia life insurance companies registered with the Association of Sharia Insurance Indonesia (AASI) during the period 2016-2021, with a total of 8 companies collected through purposive sampling. Hypothesis testing in this study used panel data regression analysis. Findings-The findings of this study demonstrated that premium income and risk-based capital had little bearing on the profitability of Indonesian Sharia life insurance firms. In the meanwhile, Indonesian Sharia life insurance companies' profits are impacted by investment return. The results of this study contribute to customers and companies to pay attention to financial performance and risk management. Research Limitations/Implications-This study has limitations due to a small sample size. It may prevent the findings from being extrapolated. Originality/Value-The investment capability of Sharia life insurance companies in Indonesia has shown good performance, which can generate profits. However, the signaling information from the premium decision-making capability and risk-based capital still does not meet the standard and needs to be improved.
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Dash, Mihir, and Arpana Muthyala. "Cost Efficiency of Indian Life Insurance Service Providers using Data Envelopment Analysis." Asian Journal of Finance & Accounting 10, no. 1 (2018): 59. http://dx.doi.org/10.5296/ajfa.v10i1.12199.
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This study examines the cost efficiency of Indian life insurance service providers using Data Envelopment Analysis. The study was performed for a sample of fifteen of the major life insurance companies in India, accounting for 94.77% of the total market for life insurance in India, over the period of 2010-17. The study extends the scope of cost efficiency by disaggregating the premium collection into components. Also, to provide more detailed insights, the efficiency of the life insurance companies is also analysed with respect to each input and output individually.The results of the study show that the most efficient Indian life insurance companies are Life Insurance Corporation, which has been consistently 100% efficient throughout the research period, followed by SBI Life and ICICI Prudential Life, which have also shown consistently high efficiency over the research period. On the other hand, the least efficient life insurance companies are Max New York Life, followed by PNB Met Life, Reliance Life, and Bharati AXA Life. The results of the study also indicate the strengths and weaknesses of the Indian life insurance providers.
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Ahn, Young Back, and Hyun Chae Park. "Sustainability Management through Corporate Social Responsibility Activities in the Life Insurance Industry: Lessons from the Success Story of Kyobo Life Insurance in Korea." Sustainability 15, no. 15 (2023): 11632. http://dx.doi.org/10.3390/su151511632.
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The current reality is that Korean insurance companies primarily focus on simplistic social contribution activities, such as making donations, rather than attaining sustainable management practices. So based on the case study methodology, this study examines the CSR activities of Kyobo Life Insurance for sustainable management and investigates how corporate values are aligned with the nature of the industry. The research analyzes Kyobo Life Insurance’s CSR initiatives across three dimensions: environmental, social, and economic, with a focus on sustainable management. The analysis identifies three distinct CSR characteristics of Kyobo Life Insurance. Firstly, the company demonstrates more active engagement in social initiatives compared to the environmental and economic aspects. Secondly, while prioritizing sustainable management through collaborative efforts with major stakeholders, the company exhibits a relatively greater emphasis on CSR activities targeting internal stakeholders. Lastly, since 2011, the company has been an industry leader in annually publishing sustainable management reports, showcasing its commitment to stakeholder communication and co-prosperity. The study suggests that life insurance companies should enhance their CSR activities to ensure greater sustainability and effectiveness while also providing guidance for companies to adapt to evolving industrial landscapes.
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Trinh, Linh Tuan Doan. "Analysis of the efficiency of insurance companies in Vietnam." Journal of Development and Integration, no. 72 (October 25, 2023): 11–18. http://dx.doi.org/10.61602/jdi.2023.72.02.
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The paper analyzes the efficiency of non-life insurance companies in Vietnam by parametric approach with Stochastic Frontier Analysis (SFA) method. The data were taken from financial statements of insurance companies for the period 2015 - 2020. The results show that the mean efficiency of all non-life insurance companies in the research period is 0.524, the lowest efficiency is 0.092, the highest efficiency is 0.852. Among the non-life insurance companies studied, Tokio Marine had the highest efficiency, with a mean efficiency over the study period is 0.852, and the Global had the lowest efficiency e, with an mean efficiency during the study period is 0.076. This result also shows that the efficiency of Vietnamese non-life insurance companies in the period 2015 - 2020 is relatively low, with this result if the average output are constant, insurance companies can maximum reduction of 43.7% input.
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Ayu Sukmarini, Sekar, and Bambang Soedaryono. "THE EFFECT OF PROFITABILITY, UNDERWRITING RISK, AND REINSURANCE ON THE SOLVENCY OF LIFE INSURANCE COMPANY." Jurnal Ekonomi Trisakti 3, no. 1 (2023): 229–40. http://dx.doi.org/10.25105/jet.v3i1.14865.
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This study aims to examine the effect of Profitability, Underwriting Risk, and Reinsurance on the Solvency of Life Insurance Companies. The sample used in this study uses life insurance companies registered by the Financial Services Authority(OJK) in the period 2017 to 2021. The number of samples used is 53 companies with 170 data observations. The sample method used in this study is purposive sampling, while the data analysis method used is multiple regression using the SPSS 25 program.The results of this study indicate that profitability has a positive and significant effect on the solvency of life insurance companies. Similarly, Underwriting Risk also has a positive and significant effect on the solvency of life insurance companies, while Reinsurance has a significant but negative effect on the solvency of life insurance companies in Indonesia.
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Febriyanti, Laksmita, Muhammad Ananda Raf’i, Rahmat Dimas Darmawan, Robby Kurnia, and Dewi Hanggraeni. "Kinerja keuangan perusahaan asuransi jiwa di Indonesia berdasarkan tingkat profitabilitas." Jurnal Paradigma Ekonomika 16, no. 3 (2021): 607–18. http://dx.doi.org/10.22437/jpe.v16i3.14359.
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This study investigates the main determinants of the profitability of life insurance companies in Indonesia. It examines the relationship between the profitability of insurance companies, namely investment income, underwriting profit, and overall net profit. The annual financial reports of ten life insurance companies in Indonesia covering ten years (2010-2019) were sampled and analyzed through panel regression. The findings indicate that gross written premium has a negative effect on overall net profit, yet a positive impact on the underwriting profit of insurance companies. Furthermore, there is a positive relationship between claim payments and the overall net profit of life insurance companies. Further research revealed a positive relationship between total assets and indicators of profitability. The policy implications of this study for insurance industry stakeholders are far-reaching. This study fulfills an urgent need to investigate issues critical to life insurance companies' sustainability, growth, and profitability in developing countries.
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Camino-Mogro, Segundo, and Natalia Bermúdez-Barrezueta. "Determinants of profitability of life and non-life insurance companies: evidence from Ecuador." International Journal of Emerging Markets 14, no. 5 (2019): 831–72. http://dx.doi.org/10.1108/ijoem-07-2018-0371.
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Purpose The purpose of this paper is is to identify the main determinants of insurance profitability on life and non-life segments to obtain which variables affect in each market of the Ecuadorian insurance sector. Design/methodology/approach The authors use a large panel data set with financial information from 2001 to 2017 and estimate the determinants through a panel corrected standard errors regression. Findings The authors found that net premiums, technical reserves, capital ratio and score efficiency are micro-determinants in the life insurance sector, whereas in the non-life sector, the micro-determinants include also claim level and liquidity ratio; moreover, the authors found that HHI is a determinant of profitability only in the life insurance. Among the macro determinants set, the authors found that the interest rate has also a significant impact both in the life and non-life insurance. Originality/value The authors analyze a dollarized emerging country, which is the first time in this kind of studies. The authors also include the structure-conduct-performance and relative market power paradigm as well as the ES hypothesis, calculated through the data envelopment analysis, as determinants of insurance profitability. Finally, this is the first research to examine the determinants of profitability in Latin American and Caribbean insurers.
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Adinugroho, Iwan, Rusdiaman Rauf, and Nyamin Sucipto. "The Role of the Financial Services Authority in Supervision of Fraud Prevention in Life Insurance Companies in Indonesia." Jurnal Economic Resource 5, no. 1 (2022): 121–25. http://dx.doi.org/10.57178/jer.v5i1.258.
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This study aims to provide a monitoring strategy, especially in the field of preventing fraud in life insurance companies in Indonesia. The form of this research is qualitative and follows a normative approach by reviewing the duties, objectives, and authorities of the Financial Services Authority to prevent fraud in life insurance companies. The object of this research is a life insurance company that has been declared bankrupt by the Financial Services Authority, namely PT. Bumi Asih Jaya Life Insurance. The results of this study provide an overview of fraud prevention strategies at life insurance companies in the form of emphasis on supervision through the audit function, especially in the field of direct examination of reports made by life insurance companies and then matched with documents owned by insurance. Supervision must be carried out regularly and consistently.