scholarly journals The Effect of Claim Expense, Liquidity, Risk-Based Capital, Company Size, Debt to Equity, and Debt To Asset on Profitability In Indonesia Islamic Insurance Companies

2020 ◽  
Author(s):  
Suryo Santoso ◽  
Herni Astuti ◽  
Lulu Sayekti
Keyword(s):  
Liquidity Risk ◽  
Insurance Companies ◽  
Company Size ◽  
Islamic Insurance

scholarly journals DETERMINAN PROFITABILITAS PERUSAHAAN ASURANSI SYARIAH DI INDONESIA

2021 ◽  
Vol 8 (4) ◽  
pp. 426
Author(s):  
Alifia Riza Azhari ◽  
Puji Sucia Sukmaningrum
Keyword(s):  
Meta Analysis ◽  
Quantitative Approach ◽  
Google Scholar ◽  
Insurance Companies ◽  
Investment Risk ◽  
Company Size ◽  
Size Premium ◽  
Analysis Methods ◽  
Islamic Insurance ◽  
The Relationship

ABSTRAKTujuan dari penelitian ini adalah untuk mengetahui hubungan company size, premium growth, investment, risk based capital, volume of capital, dan claim expense terhadap profitabilitas asuransi syariah di Indonesia. Pendekatan penelitian yang digunakan adalah kuantitatif dengan metode analisis meta. Penelitian ini menggunakan dua belas artikel sampel yang diterbitkan di Indonesia melalui Sinta Journal dan Google Scholar dengan periode empat tahun (2017-2020). Penelitian ini menunjukkan bahwa company size, premium growth, investment, dan volume of capital berpengaruh signifikan terhadap profitabilitas. Sementara itu risk based capital dan claim expense tidak memiliki pengaruh signifikan terhadap profitabilitas perusahaan asuransi syariah. Temuan dari penelitian ini memberikan implikasi bahwa perusahaan asuransi syariah perlu memperhatikan aspek company size, premium growth, investment, dan volume of capital serta dapat mempertimbangkan nilai risk based capital dan claim expense dalam mendukung peningkatan profitabilitas perusahaan sehingga kinerja perusahaan asuransi syariah di Indonesia menjadi lebih baik.Kata Kunci: Profitabilitas, Asuransi Syariah, Analisis Meta, Indonesia. ABSTRACTThe purpose of this study is to determine the relationship between company size, premium growth, investment, risk based capital, volume of capital, and claim expense on the profitability of Islamic insurance in Indonesia. This research applies a quantitative approach with meta-analysis methods. This study used twelve sample articles published in Indonesia through Sinta Journal and Google Scholar during the 2017-2020 period. This study shows that company size, premium growth, investment, and volume of capital have significant effect on profitability. Meanwhile, risk based capital and claim expense do not have significant effect on the profitability of Islamic insurance companies. The findings of this study imply that Islamic insurance companies in Indonesia need to pay attention to aspects of company size, premium growth, investment, and volume of capital and can consider the value of risk based capital and claim expenses in supporting the increase in company profitability so that the performance of Islamic insurance companies in Indonesia is better.Keywords: Profitability, Islamic Insurance, Meta-Analysis, Indonesia.

scholarly journals FAKTOR INTERNAL DAN FAKTOR MAKROEKONOMI YANG MEMPENGARUHI PROFITABILITAS ASURANSI SYARIAH DI INDONESIA PERIODE 2016-2018

2020 ◽  
Vol 7 (6) ◽  
pp. 1146
Author(s):  
Alissa Azmul Faoziyyah ◽  
Nisful Laila
Keyword(s):  
Fixed Effect Model ◽  
Least Square ◽  
Insurance Companies ◽  
Company Size ◽  
Insurance Company ◽  
Macroeconomic Factors ◽  
Effect Model ◽  
Panel Data Regression ◽  
Investment Returns ◽  
Islamic Insurance

This research aims to examine the company's internal factors and macroeconomic factors partially and simultaneously on the profitability of islamic insurance companies in Indonesia with proxied by Return On Assets. This study uses a quantitative approach with panel data regression analysis techniques. The population of this study is sharia insurance companies in Indonesia during the period 2015-2018. The purposive sampling method is used to determine the sample used and obtained 36 Islamic insurance companies, which consist of Islamic general insurance companies and Islamic life insurance companies. The estimation results of the Fixed Effect Model with the Weighted Least Square (WLS) method show that company size, contribution growth, retakaful, leverage, investment returns, GDP and inflation simultaneously affect the profitability of islamic insurance companies in Indonesia. Partially, contributions growth and investment returns have positive and significant effect on the profitability of Islamic insurance companies in Indonesia. The variabel Company size and GDP have positive and not significant effect on the profitability of Islamic insurance in Indonesia. While the variabel leverage, retakaful, and inflation have a negative and not significant effect on the profitability of Islamic insurance companies in Indonesia. Keywords: Profitability, Islamic Insurance, Company Size, Contribution Growth, Retakaful, Leverage, Investment Results, GDP, Inflation

scholarly journals Effect of Market Share and Firm Size on Efficiency and its Implications to Profitability of Sharia Insurance in Indonesia

2020 ◽  
Vol 3 (1) ◽  
pp. 122
Author(s):  
Said Aryonindito ◽  
Winwin Yadiati ◽  
Sofik Handoyo
Keyword(s):  
Market Share ◽  
Firm Size ◽  
Secondary Data ◽  
The Other ◽  
Insurance Companies ◽  
Company Size ◽  
Significant Positive Effect ◽  
Research Model ◽  
Islamic Insurance ◽  
Positive Effect

Since Indonesia as a developing country which consists of 87.2% of Muslim citizens, sharia insurance plays an important role. However, this presence of sharia insurance does not show significant growth compared to Malaysia. This study aims to determine whether efficiency may serve as an intermediary variable in linking market share and company size to the profitability of Islamic insurance in Indonesia. It employs secondary data to collect data by involving 11 sharia insurance companies with 4 years ranging from the year 2014 to 2017. The collected data were analyzed through Path analysis and Sobel test with the DEA VRS as an indicator of efficiency. In analyzing the collected data, the Path equation has passed the classic assumption test. The findings reveal that the market share and company size have respectively significant positive and negative influences on efficiency. It indicates that market share is a variable that shows a significant positive effect on profitability compared to the other two variables. Whereas, the results of Sobel tests show that efficiency cannot serve as an intermediary in this research model

Effect of Profitability, Company Size, Capital Structure, and Liquidity Risk on Firm Value of Indonesian Banks

2021 ◽  
Vol 4 (1) ◽  
pp. 14-27
Author(s):  
Fenty Fauziah ◽  
Rafiqoh Rafiqoh
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sample Selection ◽  
Liquidity Risk ◽  
Share Price ◽  
Company Size ◽  
The Public ◽  
Retained Earnings

The main objective of any firm is to maximize shareholder's wealth, which can be seen from firm value.  This study aims to analyze and explain the effect of profitability, company size, capital structure, and liquidity risk on firm value banking companies in Indonesia. The population of this study is all banking companies listed on the Indonesia Stock Exchange, with an observation period of 2017-2018. The sample selection using a purposive sampling method. Data have both cross-section and time variation. Analysis and hypothesis testing were carried out by using a linear regression analysis using Eviews 11. The results showed that investors viewed that the company's overall profits from its business activities could increase its share price. The capital structure owned by the public relatively small, which meant that the company could provide a source of funds from within the company in the form of the owner's capital or retained earnings. Funds obtained from loans, if they were not followed by the ability to manage funds or were not channeled back to the community, would cause interest expenses and destroy profits. This condition results in investors selling their shares. Investors in making investment decisions paid attention to one indicator at a time and paid attention to all the factors that determined the company's value.

scholarly journals Salama Insurance: the need of an Islamic legal framework

2017 ◽  
Vol 1 (2) ◽  
pp. 35-44
Author(s):  
Hocine HASSANI ◽  
Mohamed HIMRANE
Keyword(s):  
Insurance Industry ◽  
Legal Framework ◽  
Regulatory Framework ◽  
Insurance Market ◽  
Insurance Companies ◽  
Road Map ◽  
Religious Convictions ◽  
Islamic Companies ◽  
Islamic Insurance

Many Muslims, for religious convictions are reluctant to take up conventional insurance as it is deemed to have uncertainty, gambling and interest, which are prohibited by religion. The purpose of this paper is to examine Islamic Insurance in Algeria and analyse a suitable regulatory framework. One can argue that the trend towards Islamic insurance in Algeria contributes to raising the level of insurance culture, which will help to mobilize more savings. After studying the topic, we can provide a road map to better regulating the Islamic insurance market because the Islamic companies could not function in the absence of an Islamic insurance act. In the absence of such a framework, regulators often treat Islamic insurance companies similarly to conventional insurance companies, which hinders the development of Islamic Insurance Industry.

Pengaruh Promosi terhadap Penjualan Polis Asuransi Syariah

2020 ◽  
Vol 3 (2) ◽  
pp. 144-152
Author(s):  
Ermayanis Ermayanis ◽  
Nurse Fatimah MZ
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Quantitative Methods ◽  
Linear Regression Analysis ◽  
Insurance Companies ◽  
Simple Linear Regression ◽  
Insurance Policy ◽  
Insurance Policies ◽  
Islamic Insurance ◽  
The Relationship

This study aimed to determine the effect of promotion on the sales of Islamic insurance policies at PT. Asuransi Takaful Keluarga RO Riau Agency Pekanbaru. This research was motivated by the development of Islamic insurance companies both in terms of assets and in terms of company contributions that have an impact on insurance policy sales. The formulation of the problem in this study was to determine the effect of the relationship promotion on insurance policy sales. This research used quantitative methods with simple linear regression analysis. The sample in this study was 49 respondents. Based on the results of the partial test (t-test), the tcount was 1.391 <t-table 2.016, so the promotion had no significant effect on the variable sales of the insurance policy of PT. Asuransi Takaful Keluarga RO Riau Pekanbaru. The regression results showed that the promotion variable does not affect sales.

Analysing the AAOIFI Sharīʿah standard on zakat

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Khurram Parvez Raja
Keyword(s):  
Financial Institutions ◽  
Islamic Law ◽  
Financial Statements ◽  
Insurance Companies ◽  
Single Individual ◽  
Content Type ◽  
Long Run ◽  
Islamic Financial Institutions ◽  
The Law ◽  
Islamic Insurance

Purpose The Sharīʿah Standard No. (35) issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) aims to identify the zakāt base for institutions (including Islamic insurance companies) as well as the subsidiary and the mother company of the institution (the company). By zakāt base, the standard means the items of financial statements that should or should not be included in the calculation of the zakāt base, and the liabilities or allocations that should or should not be deducted from zakatable assets. The standard also covers payable zakāt rates, disbursement of zakāt funds on the eight categories of zakāt recipients and the rulings pertaining to disbursement. The focus then is on companies or corporations. There is no indication in the aims as to who owns the wealth of the corporation, that is, whether it is the company itself or it is the shareholders and whether it is treated as a joint wealth of the shareholders or of a single individual in the form of the company. The author will rely on this issue as one factor on the basis of which the standard is to be judged. Design/methodology/approach Quran and hadith. Works of earlier jurists. Findings In this study, the author has summarized the provisions of zakāt according to the traditional law, but only those that are relevant for the financial institutions and the standard issued by the AAOIFI. After that, the author mentioned the major points that have been addressed by the standard. In the last section, the author has shown that the rulings of the Islamic Fiqh Academy and the AAOIFI on zakāt are totally confusing and merely a reproduction of the rulings of traditional law. The main reason for this confusion is that the nature and entity of a corporation have not been addressed and have been treated like a partnership, thus, jumbling up the entire issue of zakāt through banks. Originality/value The main purpose in undertaking this original work is to examine the AAOIFI Sharīʿah Standards from the perspective of traditional Islamic law, that is, the law of the senior schools as laid down in their authentic manuals. If there is an extensive deviation from this law, then this must be pointed out in the hope that it will be corrected by the concerned institution and the banks that adopt these standards. Neglecting such a corrective action for long will result in damage not only to these institutions in the long run but also to the law of Islam that has been so carefully crafted over centuries. The purpose is to show how far this standard deviates from traditional Islamic law and claims to be called the authentic view on a particular subject. Nevertheless, it is not the purpose of this work to explain and elaborate on the meaning and utility of these standards.

scholarly journals Effect of Liquidity Risk, Premium Growth on the Performance of Quoted Insurance Firms in Nigeria: A Panel Data Analysis

2018 ◽  
Vol 2 (1) ◽  
pp. 42-51
Author(s):  
Lasisi Isiaka Olalekan
Keyword(s):  
Firm Performance ◽  
Risk Premium ◽  
Panel Data Analysis ◽  
Random Effect ◽  
Liquidity Risk ◽  
Insurance Companies ◽  
Secondary Source ◽  
Loss Ratio ◽  
Return On Assets ◽  
Insurance Firms

This study assesses the effect of liquidity risk on firm performance of listed insurance companies in Nigeria for the period of 2011-2015. The listed insurance firms are twenty Five (25) in numbers out of which a sample of twelve (12) were used for the study. Liquidity risk as the independent variable was proxy with leverage, claim loss ratio and premium growth, while the return on asset was used to proxy firm performance. The study adopts a panel multiple regression techniques and data were collected from secondary source through the annual reports of the firms after controlling for fixed/random effects.The findings of random effect reveal that leverage has significant negative effect on return on assets. The claim loss ratio has insignificant negative influence on return on assets while premium growth has positive and insignificant effect on firm performance of listed insurance companies in Nigeria. It is recommended among others that the managers, shareholders and other stake holders to checkmate and control liquidity risk as it have been found empirically to enhance the quality of the firm’s financial performance.

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