scholarly journals Analisis Produktivitas dan Faktor-Faktor yang Memengaruhi Efisiensi Asuransi Syariah di Indonesia: Suatu Kajian Empiris

Al-Muzara ah ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 153-171
Author(s):  
Dede Iskandar ◽  
Noer Azam Achsani ◽  
Setiadi Djohar
Keyword(s):  
Market Share ◽  
Life Insurance ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Insurance Companies ◽  
Productivity Analysis ◽  
Productivity Level ◽  
General Insurance ◽  
Islamic Insurance ◽  
Efficiency And Productivity

Market share on Islamic Insurance is still very small compared to conventional insurance. Islamic insurance companies must be able to compete with conventional insurance in order to increase their market share. Efficiency and Productivity are factors that must be improved so that Islamic insurance can compete with conventional insurance. This study aims to analyze the level of efficiency and productivity of Islamic insurance during the 2016-2018 period. The study was conducted on 48 Islamic insurance companies consisting of 26 Islamic life insurance companies and 22 Islamic general insurance companies. Efficiency analysis use the Data Envelopment Analysis (DEA) approach and productivity analysis use the Malmquist Productivity Index (MPI). The novelty of this study, among others, involves Islamic general insurance in the productivity analysis which has not been studied so far. The results of the analysis shows that the majority of Islamic life insurance and Islamic general insurance are inefficient during the 2016-2018 period. The size of the company which represents the total assets is the factor that have a positive and significant effect on the efficiency value. The results of the productivity analysis shows that the productivity level of both sharia life insurance and general sharia insurance during the 2016-2018 period is influenced by technological change factors.

Productivity Analysis at Sharia Life Insurance Companies İn Indonesia: Malmquist Productivity Index (MPI)

2020 ◽  
Vol 11 (1) ◽  
pp. 119-119
Author(s):  
Puji Sucia Sukmaningrum ◽  
Achsania Hendratmi ◽  
Sylva Alif Rusmita ◽  
Mutiara Ramadhani Putri ◽  
Rosin Putra Gusti
Keyword(s):  
Life Insurance ◽  
Product Distribution ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Insurance Companies ◽  
Insurance Company ◽  
Productivity Analysis ◽  
Life Insurance Company ◽  
Productivity Level ◽  
Level Measurement

This research aims to analyse productivity levels of Sharia Life Insurance companies in Indonesia during 2014 to 2019. Sharia Life Insurance Company can improve its quality by evaluating the value of the productivity index. The productivity level measurement in this study uses the Malmquist Productivity Index (MPI) method. Samples used by as many as 10 sharia life insurance companies in Indonesia. The input variable used consists of equity, total expense and total investment, while the output variable consists of total profit and investment income. This study also uses output orientation and intermediation. The results in this study show that Indonesian sharia life insurance has an average productivity (TFPCH) of 0.945 which means it has not achieved optimal productivity. This is more due to the low value of technological change. The management of sharia life insurance companies in Indonesia can focus on innovating technology and product distribution to increase its productivity. The results of this study can be used as an evaluation material for sharia insurance companies in Indonesia in managing their resources and can see which parts should be improved in order to increase productivity levels. Keywords: Productivity; Malmquist Productivity Index; MPI; Sharia Life Insurance; Indonesia

scholarly journals Dual Efficiency and Productivity Analysis of Renewable Energy Alternatives of OECD Countries

2021 ◽  
Vol 13 (13) ◽  
pp. 7401
Author(s):  
Sedef E. Kara ◽  
Mustapha D. Ibrahim ◽  
Sahand Daneshvar
Keyword(s):  
Renewable Energy ◽  
Solar Energy ◽  
Wind Energy ◽  
Oecd Countries ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Scale Efficiency ◽  
Productivity Analysis ◽  
Average Efficiency ◽  
Efficiency And Productivity

This paper examines the dual efficiency of bioenergy, renewable hydro energy, solar energy, wind energy, and geothermal energy for selected OECD countries through an integrated model with energy, economic, environmental, and social dimensions. Two questions are explored: Which renewable energy alternative is more dual efficient and productive? Which renewable energy alternative is best for a particular country? Data envelopment analysis (DEA) is used for the efficiency evaluation, and the global Malmquist productivity index is applied for productivity analysis. Results indicate bioenergy as the most efficient renewable energy alternative with a 20% increase in average efficiency in 2016 compared to 2012. Renewable hydro energy, wind energy, and solar energy show a 17.5%, 16%, and 11% increase, respectively. The average efficiency growth across all renewable energy alternatives signifies major advancement. Country performance in renewable energy is non-monolithic; therefore, they should customize their renewable energy portfolio accordingly to their strengths to enhance renewable energy efficiency. Renewable hydro appears to have the most positive productivity change in 2016 compared to 2012, while solar energy regressed in productivity due to its scale inefficiency. All renewable energy alternatives have relatively equal average pure efficiency change. The positive trend in efficiency and productivity provides an incentive for policy makers to pursue further development of renewable energy technologies with a focus on improving scale efficiency.

scholarly journals Forced Mergers on Bank Efficiency and Productivity: Evidence from Semi-parametric Malmquist Productivity Index

2017 ◽  
Vol 18 (1) ◽  
pp. 19-44 ◽  
Author(s):  
Fadzlan Sufian ◽  
Fakarudin Kamarudin
Keyword(s):  
Banking Sector ◽  
Conclusive Evidence ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Bank Efficiency ◽  
Productivity Level ◽  
The Difference ◽  
Two Stages ◽  
The Impact ◽  
Efficiency And Productivity

The paper examines the impact of mergers and acquisitions on the productivity of the Malaysian banking sector. The analysis consists of two stages. Firstly, the semi-parametric Malmquist productivity index (MPI) method is applied to a [-5, +8] window to examine the efficiency and productivity of the acquiring and target banks during the pre- and post-merger periods. Secondly, as suggested by Banker and Natarajan (2008), we employ a battery of parametric and non-parametric univariate tests to examine the difference in the efficiency and productivity of the Malaysian banking sector during the pre- and post-merger periods. We find that the Malaysian banking sector has exhibited a higher total factor productivity level during the post-merger period attributed to technological progress. The empirical findings do not provide conclusive evidence on the less productive banks becoming the target for acquisitions.

scholarly journals Pengukuran Efisiensi Asuransi Syariah Dengan Data Envelopment Analysis (DEA)

2019 ◽  
Vol 4 (1) ◽  
pp. 1-23
Author(s):  
Hulwah Tuffahati ◽  
Sepky Mardian ◽  
Edy Suprapto
Keyword(s):  
Data Envelopment Analysis ◽  
Life Insurance ◽  
Insurance Companies ◽  
Data Envelopment ◽  
General Insurance ◽  
Input Variables ◽  
Optimal Efficiency ◽  
Using Data ◽  
The Cost ◽  
Islamic Insurance

This research is aimed to measure the efficiency of Islamic Insurance Companies in Indonesia by using Data Envelopment Analysis (DEA). The sample used in this research are the Islamic Insurance Companies that publishes their full financial statements from the years 2012-2014. The variables in this study consists of two kinds of variables, namely input variables and output variables. The variable input is the total assets and the cost of commissions. While the variable output is the gross contribution and investment income. This study uses the intermediation approach with input orientation and use three types of measurements are the measurement of the efficiency of technical efficiency, pure technical and scale. The results of this study are in the groups of Islamic General Insurance Companies and Islamic Life Insurance Companies there are no company that achieve optimal efficiency levels in the three types of measurements.Whereas in the group Syariah General Insurance Unit are 2 companies optimally efficient in 3 measurements or by 28.57% of the total companies sampled in this group. And the group Syariah Life Insurance Unit are 4 companies optimally efficient in 3 measurements or 25% of total companies sampled in this group.

Impact of intellectual capital on productivity of insurance companies in Ghana

2019 ◽  
Vol 20 (6) ◽  
pp. 763-783 ◽  
Author(s):  
Godfred Kesse Oppong ◽  
Jamini Kanta Pattanayak ◽  
Mohd. Irfan
Keyword(s):  
Intellectual Capital ◽  
Value Added ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Insurance Companies ◽  
Method Of Moment ◽  
Productivity Analysis ◽  
Content Type ◽  
Dynamic Relationship ◽  
Final Sample

Purpose The purpose of this paper is to empirically investigate the effect of intellectual capital (IC) efficiency on changes in the productivity of insurance companies in Ghana. Design/methodology/approach Using a panel of 33 insurance companies from 2008 to 2016, the study applied Value Added Intellectual Coefficients model as a measure of IC efficiency, whilst Malmquist Productivity Index is employed to capture changes in the productivity of insurance companies. In estimating the effects of IC on productivity, System Generalised Method of Moment (GMM) is applied because of its power over endogeneity and heteroscedasticity. Findings Robust empirical findings on productivity analysis showed that improvements in insurer’s productivity were experienced in three year intervals out of the overall studied year. In addition, panel regression results revealed that IC along with human capital and capital employed significantly affect the productivity of insurance companies. Research limitations/implications The generalisability of the study findings could be questioned because it is limited to insurance firms operating in Ghana; some firms were omitted due to mergers and acquisition that reduced the final sample. Yet, the findings facilitate the validation of IC concept and, hence, informs manager/policy makers on IC utilisation as a source of competitive edge. Practical implications Having robust empirical findings, the study expands on the existing literature by unveiling the dynamic nature of IC relationship and productivity. The findings also serve as a benchmark for managers/policymakers in insurance companies to increase the operational efficiency by investing in IC, which will help guarantee improve returns on generated premiums. Originality/value Although a few studies have investigated the effect of IC in Ghana, this study is the first to examine the dynamic relationship between IC and changes in productivity in a Ghanaian context.

Impact of merger on efficiency and productivity : a case study of commercial banks in Malaysia

1970 ◽  
Vol 5 (1) ◽  
pp. 77
Author(s):  
Mahadzir Ismail ◽  
Saliza Sulaiman ◽  
Hasni Abdul Rahim ◽  
Nordiana Nordin
Keyword(s):  
Efficiency Score ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Data Envelopment ◽  
Master Plan ◽  
Before And After ◽  
Domestic Banks ◽  
The Impact ◽  
Efficiency And Productivity

The Financial Master Plan (2001- 2010) aims to enhance the capacity of banking industry so that higher effic iency and productivity can be reaped in the future. This study seeks to determine the impact of merger on the efficiency and productivity ofcommercial banks in Malaysia for the period 1995 until 2005. The study uses a non-parametric approach, nam ely DEA (data envelopment analysis?) to estimate the efficiency scores and to construct the Malmquist productivity index. To enable this estimation, three bank inputs and outputs are used. Amongst the findings are those banks exhibit higher efficiency score after the merger and thefo reign banks are more efficient than the local banks. Productivity of the banks is calculated in both periods, before and after the merger: The results show that, it is the local banks that have improved the most after the merger. The main source of productivity is technical change or innovation. The findings support the existing policy of having larger domestic banks in term of size.

General Takaful claims: An experience of Takaful operator in Malaysia

2017 ◽  
Vol 5 (4) ◽  
pp. 18
Author(s):  
Amirul Afif Muhamat ◽  
Mohamad Nizam Jaafar ◽  
Sharifah Faigah Syed Alwi
Keyword(s):  
Life Insurance ◽  
Islamic Finance ◽  
Rigorous Analysis ◽  
Finance Industry ◽  
General Insurance ◽  
Bright Side ◽  
Main Components ◽  
Islamic Insurance ◽  
Gathering Data ◽  
Observation Period

Takaful is interchangeably referred as Islamic insurance. In Malaysia, the takaful sector is part of the main components for Islamic finance industry. The business can be divided into two: general and family takaful. To ease understanding on this niche sector; general takaful is comparable to general insurance while family takaful is akin to life insurance with special reference needs to be given on the requirement of the business to adhere to the Islamic precepts. The main business in general takaful is motor takaful and this line of business is faced with high takaful claims. This study appraised the factors which affect the general takaful claims based on the experience of one takaful operator in Malaysia (the name of takaful operator is not disclosed due to confidentiality). The factors are: number of claims; fraud; and coverage for protection. The limitation of this study is that the observation period is only 10 years which limits rigorous analysis to be done. Nevertheless, previous studies in this area depict the same limitation – constraint in gathering data that has long observation period. On the bright side, the data in this study is still capable to produce meaningful results to be referred with regards to this issue – general takaful claims.

Indian Life Insurance Market and Corporate Performances: A Study of Selected Firms

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Joy Chakraborty ◽  
Partha Pratim Sengupta
Keyword(s):  
Market Share ◽  
Life Insurance ◽  
Market Concentration ◽  
Insurance Market ◽  
Insurance Companies ◽  
Insurance Company ◽  
Life Insurance Company ◽  
Insurance Sector ◽  
Life Insurers ◽  
Company Limited

In the pre-reform era, Life Insurance Corporation of India (LICI) dominated the Indian life insurance market with a market share close to 100 percent. But the situation drastically changed since the enactment of the IRDA Act in 1999. At the end of the FY 2012-13, the market share of LICI stood at around 73 percent with the number of players having risen to 24 in the countrys life insurance sector. One of the reasons for such a decline in the market share of LICI during the post-reform period could be attributed to the increasing competition prevailing in the countrys life insurance sector. At the same time, the liberalization of the life insurance sector for private participation has eventually raised issues about ensuring sound financial performance and solvency of the life insurance companies besides protection of the interest of policyholders. The present study is an attempt to evaluate and compare the financial performances, solvency, and the market concentration of the four leading life insurers in India namely the Life Insurance Corporation of India (LICI), ICICI Prudential Life Insurance Company Limited (ICICI PruLife), HDFC Standard Life Insurance Company Limited (HDFC Standard), and SBI Life Insurance Company Limited (SBI Life), over a span of five successive FYs 2008-09 to 2012-13. In this regard, the CARAMELS model has been used to evaluate the performances of the selected life insurers, based on the Financial Soundness Indicators (FSIs) as published by IMF. In addition to this, the Solvency and the Market Concentration Analyses were also presented for the selected life insurers for the given period. The present study revealed the preexisting dominance of LICI even after 15 years since the privatization of the countrys life insurance sector.

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