scholarly journals Determinants of corporate performance: Empirical evidence from the insurance companies listed on Abu Dhabi securities exchange (ADX)

Accounting ◽  
2021 ◽  
pp. 143-150
Author(s):  
Abdullah AL-Mutairi ◽  
Hani Naser ◽  
Kamal Naser
Keyword(s):  
Word Of Mouth ◽  
Financial Statements ◽  
Bad News ◽  
Abu Dhabi ◽  
Insurance Companies ◽  
Panel Regression ◽  
Insurance Company ◽  
Good Image ◽  
Gcc Countries ◽  
Positive Factor

The purpose of this study is to identify factors that impact the performances of the insurance companies listed on ADX. Factors employed in this study include liquidity, general and administration expenses, risk, size, tangibility and age. The annual financial statements of all seventeen insurance companies listed on ADX covering the period 2013-2019 were sampled and analyzed through a panel regression. The analysis indicates that corporate age is the most significant positive factor that determine the profitability of the insurance companies listed on ADX. The durability of the insurance company in the GCC countries suggests that the firm has created good image, attract more customers, increased revenues to cover expenses and make profit. Thus, age is an important positive factor of the performance of insurance companies listed on ADX. Moreover, it is obvious that dissatisfied customer with the service of an insurance company will not only cease dealing with it, they deliver bad news about it by using the word of mouth and the powerful social media that play efficient role in formulating the image about the company. The outcome of this study might help investors in formulating their decision to invest in an insurance company. For instance, it helps them to focus on the age of the insurance company before they make their decision.

scholarly journals Analysis of the cause of loss of PT. Asuransi Jiwasraya (Persero)

2020 ◽  
Vol 17 (4) ◽  
pp. 199-206
Author(s):  
Girang Permata Gusti
Keyword(s):  
Financial Statements ◽  
Insurance Companies ◽  
Investment Fund ◽  
Insurance Company ◽  
Financial Problems ◽  
Investment Funds ◽  
Descriptive Research ◽  
Stock Investment ◽  
Insurance Payment

Research purposes – to analyse the causes of losses faced by PT. Asuransi Jiwasraya and review in more detail, what are the factors of the cause of the financial problems faced by Jiwasraya, so that the company has stood for 160 years With assets in the year 2017 of 45 trillion rupiah, a sudden loss of 13 trillion rupiah with a debt of 49 trillion rupiah in 2019.Design / Methodology / Approach – This research uses descriptive research method, which aims to explain a phenomenon or event systematically and as it is, this research was conducted to obtain information about the previous situation and the current situation to be analyzed so that the core of the problem that causes the research can be found. This study uses a case study model that occurred at PT. Asuransi Jiwasraya, which is experiencing financial problems due to mismanagement and misplacement of customers 'investment funds, has caused it to be unable to return investment funds and pay customers' investment interest.Finding – (1) Management's mistake in placing the customer's investment fund is the main cause of insurance payment to the customer. (2) JS Saving is a not unit link investment where the risk is entirely borne by the insurance company. The lure of a High Return JS Saving Plan is offered with a guaranteed return of 9 percent to 13 percent from 2013 to 2018 with a disbursement period every year. (3) Jiwasraya manipulates its financial statements so that they can look good to investors. (4) Management is too aggressive in investing to pursue the company's profit targets and target payment obligations to all customers who buy investment products.Research limitations – This research is limited to cases that occur in the insurance company Jiwasraya, with no comparison with other insurance companies or other investment companies.Originality/value – The authenticity of the analysis and observation to obtain valid and accountable data, the results are used to find the main cause of the losses that occur at the insurance company under study. Keywords: Jiwasraya Insurance; Stock Investment; Mismanagement

scholarly journals DETERMINAN SOLVABILITAS DANA TABARRU’ PADA PERUSAHAAN ASURANSI SYARIAH DI INDONESIA

El Dinar ◽  
2020 ◽  
Vol 8 (1) ◽  
pp. 52
Author(s):  
Iis Indah Lestari ◽  
Hasan Mukhibad
Keyword(s):  
Financial Services ◽  
Insurance Companies ◽  
Sampling Techniques ◽  
Panel Regression ◽  
Insurance Company ◽  
Variable Size ◽  
Units Of Analysis ◽  
Size Type ◽  
Islamic Insurance ◽  
Descriptive Statistical Analysis

<p><strong><em>Abstract</em></strong></p><p><em>Solvency of tabarru’ funds can indicate a company's ability to pay obligations Islamic insurance claims payments to the participants or policyholders. Related to this, the Financial Services Authority has set a minimum limit of solvency margin tabarru’ funds which amounted to 30% which must be fulfilled by Islamic insurance companies. However, there are three Islamic insurance companies that have a solvency tabarru’ funds under the terms of at least 30%, such as PT Asuransi Astra Buana, Takaful Protection Jaya and PT Tugu Pratama Indonesia. The purpose of this study was to determine the effect of firm size, type of company, Retakaful premiums, investment, wealth available to qardh, and operating expenses to fund solvency tabarru on Islamic insurance company in Indonesia. The population in this study </em><em>was</em><em> Islamic insurance company over registered at the Financial Services Authority (OJK) in the year 2013-2018. By using purposive sampling techniques, sample end of the study amounted to 14 mining companies with 84 units of analysis. Meanwhile, </em><em>the </em><em>analysis us</em><em>ed </em><em>descriptive statistical analysis and panel regression analysis with Eviews 9. The results showed that the return on investment and wealth available to qardh positive and significant impact on the solvency of  tabarru’ fund. Variable size of company, type of company, Retakaful premiums, and operating expenses partially </em><em>have </em><em>no effect on the solvency of the tabarru’ fund. </em></p>

Insuring a Vehicle With Two Insurance Companies for the Same Period Will Not Invalidate Respective Insurance Policies

1995 ◽  
Vol 10 (4) ◽  
pp. 351-353
Keyword(s):  
Abu Dhabi ◽  
Insurance Companies ◽  
Insurance Company ◽  
Insurance Policies ◽  
Insurance Compensation

AbstractThe Abu Dhabi Court of Cassation had (in an action filed by a claimant for the payment of insurance compensation against an insurance company in Abu Dhabi on the grounds that insuring a vehicle with two insurance companies for the same period and risk does not invalidate either of the policies) held that failure to declare

scholarly journals The Effect of Premium on Profit of Life Insurance Companies in Sharia Units of Pt Panin Dai-Ichi Life Indonesia

2019 ◽  
Vol 3 (2) ◽  
Author(s):  
Ridwan Tabe
Keyword(s):  
Life Insurance ◽  
Hypothesis Test ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insurance Company ◽  
Simple Linear Regression ◽  
Life Insurance Company ◽  
Analysis Techniques ◽  
Normality Test ◽  
Anova Table

Abstract:This study discusses the effect of premiums on life insurance company profits in Sharia Unit of PT Panin Dai-Ichi Life Indonesia's. The main problem is the effect of premiums on profits of Life Insurance companies in Sharia Unit of PT Panin Dai-Ichi Life Indonesia from 2012-2016.The type of research method is quantitative. The population in this study is financial statements from PT Panin dai-Ichi Life Indonesia, while the sample is financial statements from 2012 - 2016. Data analysis techniques used in this study are normality test, hypothesis test, and T test using simple linear regression analysis.The results of this study concluded that the premium has an effect on profit where the value of T count - 4.366 <from the value of T table l2.101. While the significance is 0,000 smaller than 0.05 and for the value of F count is 19,067 > 4.41 F table. The significance of anova table 0.000 is smaller than 0.05, so Ho is rejected and Ha is accepted. It means that, there is a significant effect of premium on profit.Keywords: Premium, Profit, Life Insurance

scholarly journals Review and ranking the private insurance companies in Iran based on TOPSIS model

2016 ◽  
Vol 4 (2) ◽  
pp. 120 ◽  
Author(s):  
Leila Asadi ◽  
Ali Esmaeilzadeh Moghri
Keyword(s):  
Performance Index ◽  
Private Insurance ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insurance Company ◽  
Financial Indicators ◽  
Performance Indexes ◽  
Strong Performance ◽  
Proper Performance ◽  
Topsis Model

Insurance companies are the most important economic institutions in each country and they support other economic entities. Their proper performance play an important role in the booming the economy. Insurance companies to achieve effective and strong performance should be familiar with performance of competitors and themselves and according to their information take necessary measures. For this purpose, the current study aims to rank the private insurance companies. In this regard, financial and non-financial indicators as well as performance index for 17 private insurance companies are extracted over 4 years (2011 to 2014) based on their financial statements. The weight of each index was determined using the Shannon entropy. Then, insurance companies were ranked using TOPSIS. The results showed that based on financial indicators, Arman insurance company in 2011 and 2012 had the optimal performance from the standpoint of the criteria (1st). In the years, 2013 and 2014 Kosar insurance Company and Mihan insurance companies were at the 1st place. In addition, Alborz insurance Company had a good performance in terms of performance indexes in 2011 and 2013, (1st). In the years 2012 and 2014, Parsian and Pasargad Insurance Companies ranked 1st. Based on non-financial indicators, Asia insurance company in the period under review (2011 to 2014) ranked in the first place.

scholarly journals Impacts of Reinsurance Operations on Significant Items of the Financial Statements of Commercial Insurance Companies According to Czech Accounting Legislation and International Accounting Standards

2015 ◽  
Vol 63 (6) ◽  
pp. 1867-1877
Author(s):  
Jana Gláserová ◽  
Eva Vávrová
Keyword(s):  
Phase Ii ◽  
Accounting Standards ◽  
Financial Statements ◽  
Insurance Companies ◽  
International Accounting Standards ◽  
Insurance Company ◽  
Commercial Insurance ◽  
Actual Fact ◽  
Ifrs 4 ◽  
The Impact

The principal aim of the paper is to determine the impact of reinsurance operations in commercial insurance companies, in accordance with the relevant accounting legislation, for certain significant items of the financial statements. In actual fact, the reinsurance operations affect the profit of a commercial insurance company, following the financial statements. The prerequisite for fulfilling the objective of the paper is to analyse the accounting legislation for reinsurance operations in commercial insurance companies. Attention will be devoted also to the method of accounting for reinsurance operations and their specific reporting in various parts of the financial statements of commercial insurance companies. The partial aim of this paper is to identify significant differences in the area of accounting of commercial insurance companies, based on the comparison of accounting practices of the issues examined in accordance with IAS/IFRS. In the conclusion, the authors will address the latest development of necessary steps in adopting the concept of IFRS 4 Phase II and accomplishing the process of the application of IFRS 4 Phase II to the accounts of commercial insurance companies.

scholarly journals Accounting and tax implications of the creation and use of technical provisions of commercial insurance companies

2013 ◽  
Vol 61 (7) ◽  
pp. 2123-2131 ◽  
Author(s):  
Jana Gláserová ◽  
Eva Vávrová
Keyword(s):  
Balance Sheet ◽  
Financial Statements ◽  
Insurance Companies ◽  
General Definition ◽  
Insurance Company ◽  
Commercial Insurance ◽  
The Creation ◽  
Definition Of ◽  
Methodological Aspects ◽  
The Impact

Entities such as commercial insurance companies are obliged to create technical provisions in order to fulfill their activities. Technical provisions are used to cover liabilities of commercial insurance companies arising from insurance and reinsurance activities. The principal aim of this paper is to determine the impact of the creation and use of technical provisions for some important items of the financial statements, which are liabilities, a balance sheet, profit and an income tax base. A prerequisite to fulfill the objective of the paper is to analyze the accounting legislation for technical provisions in an insurance company. The intention of the presented paper can be divided according to its conception into two parts. The first part of the paper is devoted to methodological aspects in relation to the general definition of the accounting principles and their importance in the accounting of commercial insurance companies. The second part deals with the methodological procedure of the accounting of the creation and use of technical provisions and the specifics of how they are reported in the financial statements of commercial insurers. Conclusions of the paper show contemporary issues in the analyzed area in the context of the financial crisis.

scholarly journals Pengaruh Perputaran Modal Kerja dan Perputaran Kas Terhadap Profitabilitas

2021 ◽  
Vol 6 (1) ◽  
pp. 79-87
Author(s):  
Seto Sulaksono Adi Wibowo ◽  
Merlin Merlin ◽  
Yosi Handayani
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Return On Investment ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insurance Company ◽  
Working Capital ◽  
Positive Effect

The objective this study are to determine the effect of working capital and the cash turnover on the level of profitability in insurance companies. Working capital variable is measured by working capital turnover (X1), the effectiveness of the use of cash is measured by cash turnover (X2) and profitability is measured by return on investment/ROI (Y). The population in this study is an Insurance Company listed on the Indonesia Stock Exchange from 2011-2015. The sample in this study is taken by using purposive sampling technic. Samples consist are 50 financial statements that meet the criteria. The type of data used in this study is secondary data originating and published from the Indonesia Stock Exchange. The collected panel data then analyzed by using model test, classical assumption, multiple regression analysis, t test, and determinant coefficient analysis to see the level of conformity of the analysis. The result of this research shows that the rotation of working capital has a positive effect on profitability, it can be seen from t value> t table (2.181> 2.010) and cash turnover has no significant effect on profitability, can be seen from t value <t table (-1,771 < 2.010).

scholarly journals Company’s Characteristics and Capital Structure “An Empirical Study on Listed Insurance Companies in Jordan”

2016 ◽  
Vol 8 (2) ◽  
pp. 103
Author(s):  
Omar Al Singlawi ◽  
Mohammad Aladwan
Keyword(s):  
Capital Structure ◽  
Negative Relationship ◽  
Financial Statements ◽  
Insurance Companies ◽  
Panel Regression ◽  
Pecking Order ◽  
Trade Off ◽  
Significant Negative Relationship ◽  
Single Regression ◽  
The Capital Structure

<p>This study examined the company’s characteristics that affect the capital structure of insurance companies in Jordan. The study has employed panel regression model in investigating the capital structure of insurance companies using financial statements data of 23 companies covering the period 2010-2014. The results showed that both the static trade-off and pecking order theories are important in explaining the capital structure of insurance companies in Jordan. Company’s characteristics: size, profitability, tangibility, growth and risk were statistically significant to capital structure. Based on multiple and single regression the results of the study showed a statistical significant relationship between characteristics of insurance companies and their capital structure. The results also revealed a significant negative relationship between capital structure and company’s size, profitability, growth and risk while tangibility was significantly positively correlated to capital structure.</p>

scholarly journals Analisis Perlakuan Akuntansi atas Pendapatan Premi dan beban klaim Sesuai PSAK No. 28 pada PT. Asuransi Astra buana

2019 ◽  
Vol 7 (2) ◽  
pp. 258-265
Author(s):  
Christian Nataldy ◽  
Robert Pius Pardede
Keyword(s):  
Insurance Industry ◽  
Financial Statements ◽  
Insurance Companies ◽  
Insurance Company ◽  
Insurance Policy ◽  
Average Growth ◽  
The Past ◽  
Premium Income ◽  
Investment Growth

The development of the insurance industry is currently undergoing quite good progress. Based on data from OJK, the insurance industry has experienced an average growth of 16% for the past 4 years. This can be seen from the progress in investment growth which reached 14.40% and premium growth of 21.00%. This growth occurs because of the role of the insurance industry in serving the community to overcome risks. The insurance company will take the risk of the possibility that might occur to the community, such as loss or damage to the vehicle, fire, or the loss of natural disasters. The main source of insurance company income is from the sale of an insurance policy, which is in the form of insurance premiums given by the insured. And the insurance company's main burden is claim expense. Expenses incurred by insurance companies for reimbursement for a number of losses incurred by the insured. The purpose of this study was to find out how the accounting treatment of premium income and claim expenses in accordance with PSAK No. 28 at PT. Asuransi Astra Buana/PT. AAB. The results of the analysis of the accounting treatment of premium income and claim expenses at PT. AAB is in accordance with PSAK No. 28. Premium income is recognized and recorded at the time of issuance of the policy and presented in the financial statements in the form of gross premiums, premiums paid to reinsurers and a decrease (increase) in premiums which are not yet income. While claim expenses are recognized and recorded when the company arises to fulfill claims. Claim expenses are presented in the financial statements in the form of gross claims, reinsurance claims received from reinsurers and an increase (decrease) in estimated own retention claims. Compliance with PSAK No. 28 which has been carried out by PT. AAB needs to be maintained, in line with the developments in the PSAK, to avoid any errors in the recognition of premium income and claim expenses.

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