scholarly journals Drivers of life insurance consumption - an empirical analysis of Western Balkan countries

2021 ◽  
Vol 66 (231) ◽  
pp. 33-58
Author(s):  
Perseta Grabova ◽  
Gentiana Sharku
Keyword(s):  
Life Insurance ◽  
Least Squares Regression ◽  
Western Balkans ◽  
Panel Data Regression ◽  
Data Regression ◽  
Life Insurance Demand ◽  
Balkan Countries ◽  
Insurance Density ◽  
Insurance Penetration ◽  
Insurance Consumption

Life insurance in the Western Balkan Countries is underdeveloped, but it has huge potential for development in the future. The scope of this article is to examine whether and how economic, socio- demographic, and institutional factors determine the demand for life insurance in the Western Balkans, using life insurance density and life insurance penetration as indicators of life insurance demand during 2006-2019. In order to conduct a crosscountry analysis we use panel data regression models and a feasible generalised least squares regression model. The analysis reveals that the most significant factors are income per capita and changes in the urban population. The article contributes to the existing literature by identifying the variables that affect demand for life insurance in the Western Balkans and by providing evidence for insurance operators, authorities, and governments of the respective countries to find ways to further develop the insurance market.

scholarly journals DETERMINAN SURPLUS UNDERWRITING DANA TABARRU’ PADA ASURANSI JIWA SYARIAH DI INDONESIA

2020 ◽  
Vol 7 (10) ◽  
pp. 2004
Author(s):  
Rohishotu Rohmah ◽  
Dian Filianti
Keyword(s):  
Panel Data ◽  
Life Insurance ◽  
Financial Services ◽  
Secondary Data ◽  
Insurance Companies ◽  
Net Income ◽  
Purposive Sampling ◽  
Panel Data Regression ◽  
Data Regression ◽  
Investment Returns

ABSTRAKTujuan penelitian ini merupakan untuk menganalisis pengaruh kontribusi neto, klaim, hasil investasi, dan reasuransi syariah terhadap surplus underwriting dana tabarru’ perusahaan asuransi jiwa syariah periode 2014-2019. Penelitian ini menggunakan pendekatan metode kuantitatif dengan unit analisis regresi data panel. Data yang digunakan dalam penelitian ini adalah data sekunder, menggunakan metode purposive sampling. Data yang digunkan peneliti adalah laporan keuangan perusahaan asuransi jiwa syariah periode 2014-2019, yang berjumlah 15 sampel perusahaan asuransi jiwa syariah yang terdafkat di Otoritas Jasa Keuangan. Secara parsial hasil temuan dari penelitian ini yang diaproksiasikan melalui variabel Kontribusi Neto, memiliki pengaruh positif signifikan, Klaim memiliki pengaruh negatif signifikan, sedangkan hasil investasi dan Reasuransi Syariah memiliki pengaruh tidak signifikan terhadap surplus underwriting dana tabarru’. Secara simultan Kontribusi Neto, Klaim, Hasil Investasi, Reasuransi Syariah memiliki pengaruh signifikan terhadap surplus underwriting dana tabarru’ dengan tingkat signifikan 0.000 < 0.05. Dengan nilai Adjusted R2 menunjukkan hasil senilai 0.941663 yang artinya 94%, sedangkan sisanya 6% dipengaruhi oleh variabel lain diluar penelitian ini.  Kata kunci: Surplus Underwriting Dana Tabarru’, Asuransi Jiwa Syariah, Regresi Data Panel ABSTRACTThe purpose of this study is to analyze the effect of net income, claims, investment returns, and sharia reinsurance on the underwriting surplus of tabarru funds in Islamic life insurance companies for the period 2014-2019. This research used a quantitative method approach with panel data regression analysis unit. The data used in this research is secondary data, using purposive sampling method. The data used by researchers is the financial statements of sharia life insurance companies for the period 2014-2019, which can assess 15 samples of sharia life insurance companies registered in the Financial Services Authority. Partially the results of the research findings which are applied through the Net Contribution variable, have a significant positive effect, Claims have a significant negative effect, while investment returns and Sharia Reinsurance have no significant effect on the tabarru 'underwriting fund surplus. Simultaneously Net Contribution, Claims, Investment Results, Sharia Reinsurance have a significant effect on the tabarru fund underwriting surplus with a significant level of 0.000 <0.05. With the Adjusted R2 value shows the calculation result of 0.941663, which means 94%, while the remaining 6%, other variables are outside this study.Keyword: Surplus Underwriting Tabarru’ Fund, Sharia Life Insurance, Panel Data Regression

scholarly journals THE DETERMINANT FACTORS OF SOLVENCY ON SHARIA LIFE INSURANCE IN INDONESIA

2021 ◽  
Vol 8 (5) ◽  
pp. 530
Author(s):  
Yulita Widya Afiqah ◽  
Nisful Laila
Keyword(s):  
Life Insurance ◽  
Company Size ◽  
Purposive Sampling ◽  
Size Premium ◽  
Panel Data Regression ◽  
Data Regression ◽  
Regression Test ◽  
Investment Returns ◽  
Positive Effect

ABSTRAKPenelitian bertujuan untuk menilai ada tidaknya pengaruh ukuran perusahaan, pertumbuhan kontribusi, hasil investasi, dan likuiditas terhadap solvabilitas yang diproksikan dengan Risk Based Capital pada Asuransi Jiwa Syariah di Indonesia secara parsial ataupun simultan. Penentuan sampel dengan metode purposive sampling dan ditemukan 10 perusahaan sampel. Dengan bantuan aplikasi Eviews9 melalui uji regresi data panel didapatkan persamaan RBC = -563.8638 + 44.05145 Ukuran + 1.922926 Kontribusi - 0.333289 Investasi + 0.911149 Likuiditas + e. Hasil penelitian menunjukkan keempat variabel bersama-sama memengaruhi solvabilitas. Ukuran perusahaan memiliki pengaruh positif signifikan sementara itu pertumbuhan kontribusi, hasil investasi, dan likuiditas menunjukkan tidak adanya pengaruh terhadap solvabilitas Asuransi Jiwa Syariah di Indonesia periode 2015-2019.Kata Kunci: Ukuran Perusahaan, Pertumbuhan Kontribusi, Hasil Investasi, Likuiditas, Solvabilitas, Asuransi Jiwa Syariah. ABSTRACTThe purpose of this study isto determine whether there is an effect of company size, premium growth, investment returns, and liquidity on solvency as proxied by Risk Based Capital on sharia life insurance in Indonesia partially or simultaneously. Determination of the sample by purposive sampling method found 10 sample companies. With the help of Eviews9 application through the panel data regression test, it is obtained the equation RBC = -563.8638 + 44.05145 Size + 1.922926 Contribution - 0.333289 Investment + 0.911149 Liquidity + e. The results showed that the four variables together affect solvency. Company size has a significant positive effect meanwhile the premium growth, investment returns, and liquidity shows no influence on the solvency of sharia life insurance in Indonesia period 2015-2019.Keywords: Company Size, Premium Growth, Investment Return, Liquidity, Solvency, Sharia Life Insurance.

Life insurance demand: Middle East and North Africa

2017 ◽  
Vol 44 (4) ◽  
pp. 521-529 ◽  
Author(s):  
Sara Emamgholipour ◽  
Mohammad Arab ◽  
Zahra Mohajerzadeh
Keyword(s):  
Interest Rate ◽  
Life Insurance ◽  
Penetration Rate ◽  
Insurance Demand ◽  
Content Type ◽  
Mena Countries ◽  
Life Insurance Demand ◽  
Education Status ◽  
Insurance Penetration ◽  
Life Education

Purpose Life insurance is a kind of long-term investment; hence, the purpose of buying life insurance is to cover both current and future damages for the insured. Although insurance plays a crucial rule in fiscal and economic development, in MENA countries, insurance, especially life insurance, remains undeveloped, with a low penetration rate. Therefore, the purpose of this paper is to determine the factors that affect life insurance demand. Design/methodology/approach To analyze the determinants of life insurance demand during 2004-2012, a panel data model was estimated with Eviews software. Data on population, gross domestic product (GDP), interest rate, inflation rate, and human development index are extracted from the World Bank, and data on life insurance premium are gathered from Sigma International reports. Findings Results show that the price elasticity of life insurance demand is −0.77, the elasticity of life insurance subject to HDI is 1.68, the elasticity of life insurance subject to GDP is 0.92, and the elasticity of life insurance subject to interest rate is −0.33. The demand for life insurance has a positive significant relationship with population size. Research limitations/implications The low elasticity of life insurance demand subject to GDP, interest rate, and inflation rate shows that the life insurance penetration rate in MENA countries is due to the dominance of compulsory insurance, and not due to voluntary purchasing of life insurance. The higher effect of HDI on the life insurance demand illustrates that, for developing the life insurance market, it is first necessary to improve the standard of life, education status, and the economic base. Originality/value As in the MENA region life insurance has remained undeveloped and there are no related studies in this area, it can be hypothesized that the life insurance penetration rate in MENA is due to the dominance of compulsory insurance and not due to voluntary purchasing of life insurance. The higher effect of HDI on life insurance demand illustrates that, for developing the life insurance market, it is first necessary to improve the standard of life, education status, and economic base.

Life Insurance: An International Comparison

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Manisha Choudhary Deepa
Keyword(s):  
International Comparison ◽  
Life Insurance ◽  
Developing Economies ◽  
The Other ◽  
Insurance Market ◽  
Developed Economies ◽  
High Penetration ◽  
Insurance Density ◽  
Insurance Penetration

Life insurance market is being increasingly recognised as an engine of economic growth. It fulfils the twin objectives of providing social security and long term funds for the economy. The present study is an attempt to study the life insurance performance of the selected economies according to the two accepted parameters, namely, life insurance penetration and life insurance density. This international comparison over the period 2001 to 2011 is successful in bringing out certain interesting results. The developed economies exhibit high penetration and density of life insurance but their growth is retarded. The developing economies, on the other hand, despite of lagging behind in absolute terms of both penetration and density have shown stupendous growth. This shows the hidden potential for the growth of life insurance in case of the developing economies where the developed economies have reached saturation.

THE RELATIONSHIPS BETWEEN THE FINANCIAL HEALTH AND FINANCIAL PERFORMANCE OF LIFE INSURANCE FIRMS: AN EMPIRICAL EVIDENCE FROM INDONESIA

2019 ◽  
Vol 24 (3) ◽  
pp. 215-224
Author(s):  
Toto Sugiharto ◽  
Novita Sulistiowati ◽  
Rina Nofiyanti
Keyword(s):  
Regression Analysis ◽  
Financial Performance ◽  
Life Insurance ◽  
Secondary Data ◽  
Financial Health ◽  
Return On Assets ◽  
Health Measures ◽  
Panel Data Regression ◽  
Data Regression ◽  
Insurance Firms

Financial performance is of importance for life insurance firms. It is affected by various factors including financial health which is measured by risk-based capital, technical reserve and equity. The study aims at analyzing the effect of these financial health measures on the financial performance of life insurance firms. Secondary data which include financial performance (i.e., return on assets), risk-based capital, technical reserve and equity of thirty three life insurance firms for the periods of 2011-2016 was used. Panel data regression analysis was performed to analyze the obtained data. Financial performance was affected by risk-based capital, technical reserves and equity in different directions. Financial performance of life insurance firms increases with low risk-based capital and technical reserves, but decreases with high equity.

scholarly journals Analisis Faktor-Faktor yang Memengaruhi Perolehan Surplus Underwriting pada Asuransi Jiwa Syariah di Indonesia (Periode 2015-2020)

Al-Muzara ah ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 185-196
Author(s):  
Amelia Nadiah Wahyu Putri ◽  
Jaenal Effendi
Keyword(s):  
Panel Data ◽  
Life Insurance ◽  
Public Interest ◽  
Regression Method ◽  
Insurance Company ◽  
The Public ◽  
Panel Data Regression ◽  
Data Regression ◽  
Reserve Fund ◽  
Islamic Insurance

In Islamic insurance, if at the end of the period there is a surplus from the substraction result between total insurance income in the tabarru’ fund and insurance expenses, the surplus will be called as underwriting surplus. A good Islamic insurance company can be seen when the company succeeds in obtaining an underwriting surplus, because it is a proof when the company has managed the participant funds well. The underwriting surplus can be used as a reserve fund when an underwriting deficit occurs or when insurance expenses exceed insurance income, thereby it can improve the public interest in Islamic insurance. Therefore, this study aims to analyze the development of the underwriting surplus in Islamic life insurance in Indonesia and the factors that influence it by using panel data regression method. The estimation results using the REM model show that the variables of total assets and GDP have a positive and significant effect. Meanwhile, the contribution allowance, claim allowance, and inflation variables have a negative and significant effect.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI SURPLUS UNDERWRITING DANA TABARRU’ PADA PERUSAHAAN ASURANSI JIWA SYARIAH

2019 ◽  
Vol 5 (2) ◽  
pp. 143
Author(s):  
Rosyda Alifianingrum ◽  
Noven Suprayogi
Keyword(s):  
Life Insurance ◽  
Hypothesis Test ◽  
Analysis Software ◽  
Factors Affecting ◽  
Business Units ◽  
Investment Return ◽  
Panel Data Regression ◽  
Data Regression ◽  
Test Result ◽  
Statistical Analysis Software

This study aims to determine factors that affect surplus underwriting of tabarru‟ fund on Sharia Life Insurance in Indonesia. The factors used in this study is net contribution, claim expenses and investment return. This study used is panel data regression with Econometric Views (EViews) 8.0 as statistical analysis software. The samples are 14 Sharia Life Insurance, consists of 13 Islamic business units and 1 full sharia. During 2011 to 2015, the hypothesis test result showed the factors affecting surplus underwriting of tabarru‟ fund is net contribution, claim expenses and investment return always showed significant effect partially or simultaneously to the surplus underwriting of tabarru‟ fund on sharia life insurance.

A mechanism to improve the allocation of public investment funds

2020 ◽  
Vol 26 (7) ◽  
pp. 1522-1533
Author(s):  
A.V. Larionov
Keyword(s):  
Panel Data ◽  
Random Effects ◽  
Public Investment ◽  
Allocative Efficiency ◽  
Investment Funds ◽  
The Public ◽  
Panel Data Regression ◽  
Data Regression ◽  
Efficiency And Effectiveness ◽  
Effective System

Subject. This article deals with the issue of improving the public investment allocative efficiency. Objectives. The article aims to develop an approach to improve the efficiency and effectiveness of public investment in the economy. Methods. The study is based on a panel data regression with random effects. Conclusions and Relevance. All sectors of the economy have different demand for investment resources attracted, determined by operational and technological aspects. The results of the study can be used to develop an effective system of public investment.

Determinants Of Capital Structure For Multinational And Domestic Companies In India: Panel Data Regression Model

2019 ◽  
Vol 118 (7) ◽  
pp. 147-154
Author(s):  
K. Maheswari ◽  
Dr. J. Gayathri ◽  
Dr. M. Babu ◽  
Dr.G. Indhumathi
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Regression Model ◽  
Business Risk ◽  
Return On Assets ◽  
Panel Data Regression ◽  
Data Regression ◽  
Return On Capital ◽  
Domestic Companies ◽  
The Capital Structure

The capital structure refers to the components of capital needed to establish and expand its business activities. The study was made with an objective to examine the determinants of capital structure of multinational and domestic companies listed in S&P BSE automobile sector. The study concluded that there is significant impact on capital structure determinants such as size, business risk, non debt shield tax, return on assets, tangibility, profit, return on capital employed and liquidity on the capital structure of multinational and domestic companies of Indian Automobile Sector.  

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