scholarly journals Evaluasi Penerapan Akuntansi Kontraksi Asuransi Jiwa Dalam Kaitannya Dengan PSAK No. 36 Pada PT Taspen (Persero) Cab. Bogor

2018 ◽  
Vol 2 (2) ◽  
pp. 122-133
Author(s):  
Dwi Ria Nurwita ◽  
Bambang Pamungkas
Keyword(s):  
Life Insurance ◽  
Research Method ◽  
Qualitative Method ◽  
Insurance Contract ◽  
Insurance Contracts ◽  
Insurance Program ◽  
Future Policy ◽  
Premium Income ◽  
To Receive ◽  
Guide Lines

Life insurance is an agreement between two (2) or more parties with the insurerand theinsured to receive payment of a premium to base a claim for death or life of someone who is insured to the insurance contract is completed. IAI (Indonesian Institute of Accountants) has published latter PSAK No. 36 was revised in 2011 on Accounting for Insurance Contracts. The purpose of this study was to determine the application of the life insurance contract accounting under PSAK No. 36 in general, both in the establishment of policies on premium income and expenses for setting policy life insurance claims on TASPEN PT (Persero) Cab. Bogor. The method used in this research is descriptive qualitative method. This research method is done by describing the rank of overall life insurance accounting and PSAK No.36. The results showed that the preparation of life insurance accounting TASPEN PT (Persero) Cab. Bogor has been prepared based on generally accepted accounting policies, and some of the related GAAP, including PSAK No.36 Accounting for Life Insurance which serve as guide lines for the recording and programming of one insurance program ENT (Annuities). Premium income TASPEN PT (Persero) derived from participant and employer contributions for ENT program. While the claims of the existing burden on TASPEN PT (Persero) is Liability for Future Policy Benefits (KMPMD), debt claims and estimated claims liability. In general TASPEN PT (Persero) Cab.Bogor have adopted regulations that refers to IFRS, especially PSAK No.36 in life insurance accounting, include the recognition, recording, and reporting of all transaction.

scholarly journals The IFRS 17 contractual service margin: a life insurance perspective

2021 ◽  
Vol 26 ◽  
Author(s):  
W. Yousuf ◽  
J. Stansfield ◽  
K. Malde ◽  
N. Mirin ◽  
R. Walton ◽  
...  
Keyword(s):  
Life Insurance ◽  
Market Value ◽  
Financial Statements ◽  
Insurance Contract ◽  
Accounting Standard ◽  
Insurance Contracts ◽  
Ifrs 4 ◽  
Insurance Perspective ◽  
To Come

Abstract IFRS 17 Insurance Contracts is a new accounting standard currently expected to come into force on 1 January 2023. It supersedes IFRS 4 Insurance Contracts. IFRS 17 establishes key principles that entities must apply in all aspects of the accounting of insurance contracts. In doing so, the Standard aims to increase the usefulness, comparability, transparency and quality of financial statements. A fundamental concept introduced by IFRS 17 is the contractual service margin (CSM). This represents the unearned profit that an entity expects to earn as it provides services. However, as a principles-based standard, IFRS 17 results in entities having to apply significant judgement when determining the inputs, assumptions and techniques it uses to determine the CSM at each reporting period. In general, the Standard resolves broad categories of mismatches which arise under IFRS 4. Notable examples include mismatches between assets recorded at current market value and liabilities calculated using fixed discount rates as well as inconsistencies in the timing of profit recognition over the duration of an insurance contract. However, there are requirements of IFRS 17 that may create economic or accounting mismatches of its own. For example, new mismatches could arise between the measurement of underlying contracts and the corresponding reinsurance held. Additionally, mismatches can still arise between the measurement of liabilities and the assets that support the liabilities. This paper explores the technical, operational and commercial issues that arise across these and other areas focusing on the CSM. As a standard that is still very much in its infancy, and for which wider consensus on topics is yet to be achieved, this paper aims to provide readers with a deeper understanding of the issues and opportunities that accompany it.

scholarly journals Reflexiones sobre el anteproyecto de ley de contrato de seguro y la designación del beneficiario en el seguro sobre la vida = Reflections on the draft law on the insurance contract and beneficiary designation in on life insurance

2012 ◽  
pp. 145
Author(s):  
María Angustias Díaz Gómez ◽  
Carlos Miguélez del Río ◽  
Elicio Díaz Gómez
Keyword(s):  
Life Insurance ◽  
Insurance Contract ◽  
Insurance Contracts

<p>En este trabajo se analiza el Anteproyecto de Ley español de Contrato de Seguro, de 8 de abril de 2011, centrándonos en las novedades más significativas que contiene, en el ámbito de los Seguros de las personas, en el seguro sobre la vida y, de un modo más específico, respecto al beneficiario.</p><p>This paper analyzes the Spanish Draft Law on Insurance Contracts (<em>Anteproyecto de Ley de Contrato de Seguro</em>), dated April 8, 2011, focusing on the most significant developments that contains, in the field of insurance of persons, in life insurance, and in a more specific regard to the insurance beneficiary</p>

scholarly journals PENGELOLAAN DANA TABARRU’ ASURANSI JIWA SYARIAH DALAM PEMBIAYAAN MURABAHAH DI BANK SUMSEL BABEL CABANG SYARIAH BATURAJA

2017 ◽  
Vol 13 (1) ◽  
pp. 25-38
Author(s):  
Muhammad Iqbal
Keyword(s):  
Life Insurance ◽  
Research Method ◽  
Qualitative Method ◽  
Islamic Law ◽  
Insurance Fund ◽  
Insurance Company ◽  
Operational Principle ◽  
Insurance Product ◽  
Conducting Research ◽  
Modern Era

The existence of insurance in the modern era which is the embryo of conventional insurance based gharar, maysir, and usury ', making Islamic legal experts react by conducting research and analysis of the issue. The result proves that in Islamic law contains substance of insurance which can avoid the operational principle of gharar, maysir, and usury element '. This study aims to explain how the management of tabarru funds' sharia life insurance in murabahah financing in Bank Sumsel Babel Branch Sharia Baturaja. Insurance company that made the object of research is PT. Asuransi Bangun Askrida Unit Syariah. The research method used is descriptive qualitative method. The results concluded that the Management of Tabarru 'Sharia Life Insurance Fund PT. Asuransi Bangun Askrida Syariah Palembang Unit in Murabahah Financing at Bank Sumsel Babel Branch Sharia Baturaja uses insurance product mechanism with non saving element which separates the contribution fund into two parts, that is 42,5% for ujrah manager, and 57,5% for investment of tabarru fund '. If there is an underwriting surplus at the end of the period closing, it will be allocated 30% for Managers, 30% for tabarru 'funds reserves, and 40% for Participants who meet the requirements of obtaining surplus incentives. However, if there is an underwriting deficit in the management of the tabarru funds 'funds, the Insurance Company is obliged to cope with the shortage of tabarru' funds in the form of loans (qardh).

scholarly journals Tantangan Pembelajaran Musik Pada Era Digital

2019 ◽  
Vol 3 (2) ◽  
pp. 101
Author(s):  
Murni Eva Marlina Rumapea
Keyword(s):  
Digital Technology ◽  
Research Method ◽  
Qualitative Method ◽  
Social Situation ◽  
Teacher Competence ◽  
Music Learning ◽  
Digital Era ◽  
The Social ◽  
Descriptive Approach ◽  
To Receive

The digital age is an era that makes it easier for people to receive and send information. Various digital technology systems are increasingly developing in one area of education or learning. The purpose of music learning is applied and internalized as learning that encourages students to be creative and express according to their development. To live this digital era both students, teachers and school institutions will face challenges. Challenges can be seen from the students, teachers, and school institutions. In students, such as the lack of students' interest in music, and teachers of learning music not from a background in music, as well as school infrastructure does not fulfill music learning. To face this challenge, the school held a learning revolution and teacher competence. The use of this research method is a qualitative method with a descriptive approach. With the reason that the writer observes, and constructs the social situation about music learning, the obstacles faced, and solutions to face obstacles so that it is more clear and meaningful.

scholarly journals Evaluasi Penerapan Akuntansi Untuk Kontrak Asuransi Pada PT Asuransi AXA Indonesia

2020 ◽  
Vol 13 (1) ◽  
pp. 19
Author(s):  
Amrie Firmansyah ◽  
Elisabeth Octa Cesara
Keyword(s):  
Content Analysis ◽  
Qualitative Methods ◽  
Life Insurance ◽  
Accounting Standards ◽  
Financial Statements ◽  
Financial Accounting ◽  
Insurance Contracts ◽  
Acquisition Costs ◽  
Premium Income

This study aims to analyze the application of financial accounting standards namely PSAK 62 (2015) regarding insurance contracts and PSAK 28 (2012) regarding loss insurance accounting at PT Asuransi AXA Indonesia, considering that PT Asuransi AXA Indonesia only provides services in the field of loss insurance excluding life insurance. This study uses qualitative methods with content analysis. The data used in this study is sourced from the official website of the relevant company, the data used as a sample are the financial statements of PT Asuransi AXA Indonesia from 2011 up to 2017. The analysis of this research was conducted on the presentation and disclosure of the company's financial statements adjusted to the provisions of accounting standards and applicable regulations. The results of this study indicate that PT Asuransi AXA Indonesia has implemented the recognition, measurement and presentation of premium income, claims and acquisition costs applied by those in accordance with PSAK 28 (2012) as well as PSAK 62 (2015).

scholarly journals Good Faith in Life Insurance Contract by Indonesian Court

2017 ◽  
Vol 3 (1) ◽  
pp. 49
Author(s):  
Mokhamad Khoirul Huda
Keyword(s):  
Life Insurance ◽  
Good Faith ◽  
Insurance Contract ◽  
Full Understanding ◽  
Insurance Contracts ◽  
The People ◽  
Obligation To Inform

This paper reviews both the interpretation of good faith and its implementation by the Court in terms of life insurance contracts. The principle of good faith in life insurance contracts was under the provision of the Article 251 Wet Boek van Kophandel which assigned the obligation of good faith on the insured. Based on the context of its historical and systematical interpretation, the obligation of good faith should be on both sides, the insurer and the insured. The insured had an obligation to inform any material facts and the insurer had to investigate those all facts. Until recent days, however, judges in all levels of Court did not have any shared and full understanding on the interpretation of good faith in life insurance contracts. As the result, many Courts were frequently inconsistent with each other. Hence, the sense of fairness the people perceived from the court verdict was not achieved.

scholarly journals Strategi Komunikasi Pemasaran Produk Unit Link PT Asuransi Jiwa Manulife untuk Menarik Minat Calon Nasabah

2022 ◽  
Vol 21 (1) ◽  
pp. 63-73
Author(s):  
Nabilah Salsabilah  ◽  
Nuri Aslami
Keyword(s):  
Data Analysis ◽  
Life Insurance ◽  
Research Method ◽  
Qualitative Method ◽  
Communication Strategy ◽  
Marketing Communications ◽  
Analysis Techniques ◽  
Interactive Model ◽  
Product Marketing ◽  
Strategy Marketing

This journal contains the communication strategy of Unit Link Product Marketing of PT. Manulife Life Insurance to Attract Prospective Customers which is focused on the steps in describing the strategy undertaken by PT. Manulife in increasing the number of its customers. The research method is descriptive qualitative method with data analysis techniques Interactive Model Matthew B. Miles and A. Michael Huberman. The results of the study obtained an illustration that in the communication strategy of Unit Link Product Marketing of PT. Manulife Life Insurance to Attract Prospective Customers by prioritizing two-way communication to customers to sell their products in order to give influence, confidence, and actions taken as encouragement can be seen by using steps in developing effective marketing communications to achieve goals that have been established and can be implemented properly. Keywords: Communication, Communication Strategy, Marketing, Manulife Life Insurance, Interests.

IMPLEMENTASI KARTU INDONESIA PINTAR KULIAH (KIP-KULIAH) DI UNIVERSITAS RIAU

2021 ◽  
Vol 4 (4) ◽  
Author(s):  
Reghitama Sucita
Keyword(s):  
Higher Education ◽  
Policy Implementation ◽  
Research Method ◽  
Qualitative Method ◽  
The Poor ◽  
Edward Iii ◽  
The Government ◽  
The University ◽  
To Receive ◽  
Academic Potential

The Indonesian Smart College Card Program is a program that provides tuition assistance from the government for high school/vocational graduates who have good academic potential, but have economic limitations and want to continue to a higher education level, either D3, D4 and S1. KIP was created by the government as a complement to the Bidikmisi program, which aims to help the poor to continue to receive higher education. This study aims to look at the implementation of the Indonesian Smart Card program at the University of Riau and the factors that support its implementation. The research method used is descriptive qualitative method and uses the theory of policy implementation according to George Edward III which consists of several indicators, namely communication, resources, disposition, and bureaucratic structure. The results of this study are the finding of deficiencies that are a concern for improvement, namely in the socialization so that the implementation of the KIP program has not run optimally at the University of Riau. The supporting factors in the implementation of the KIP program at the University of Riau include communication between implementers, human resources, budget resources, equipment resources, authority resources, dispositions, and bureaucratic structures. Researchers provide suggestions that communication, especially socialization can be improved so that the implementation of this program can run optimally.

scholarly journals Optimal Hedging and Pricing of Equity-Linked Life Insurance Contracts in a Discrete-Time Incomplete Market

2011 ◽  
Vol 2011 ◽  
pp. 1-23
Author(s):  
Norman Josephy ◽  
Lucia Kimball ◽  
Victoria Steblovskaya
Keyword(s):  
Financial Market ◽  
Discrete Time ◽  
Life Insurance ◽  
Incomplete Market ◽  
Insurance Contract ◽  
Fair Price ◽  
Hedging Strategy ◽  
Insurance Contracts ◽  
Risk Return ◽  
Optimal Hedging

We present a method of optimal hedging and pricing of equity-linked life insurance products in an incomplete discrete-time financial market. A pure endowment life insurance contract with guarantee is used as an example. The financial market incompleteness is caused by the assumption that the underlying risky asset price ratios are distributed in a compact interval, generalizing the assumptions of multinomial incomplete market models. For a range of initial hedging capitals for the embedded financial option, we numerically solve an optimal hedging problem and determine a risk-return profile of each optimal non-self-financing hedging strategy. The fair price of the insurance contract is determined according to the insurer's risk-return preferences. Illustrative numerical results of testing our algorithm on hypothetical insurance contracts are documented. A discussion and a test of a hedging strategy recalibration technique for long-term contracts are presented.

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