scholarly journals Risk Underwriting, Crisis Management, Regulatory Framework and Performance of Insurance Companies in Kenya: A Case of Sanlam General Insurance Company

2021 ◽  
Vol 5 (3) ◽  
pp. 96-113
Author(s):  
Lawrence Makau ◽  
◽  
Washington Okeyo ◽  
Keyword(s):  
Crisis Management ◽  
Regulatory Framework ◽  
Insurance Companies ◽  
Insurance Company ◽  
General Insurance ◽  
And Performance

Managing uncertainty in a general insurance company

1990 ◽  
Vol 117 (2) ◽  
pp. 173-277 ◽  
Author(s):  
C. D. Daykin ◽  
G. B. Hey
Keyword(s):  
Computer Model ◽  
Flow Model ◽  
Insurance Companies ◽  
Simulation Methods ◽  
Insurance Company ◽  
Practical Applications ◽  
General Insurance ◽  
Alternative Approaches ◽  
The Impact

AbstractA cash flow model is proposed as a way of analysing uncertainty in the future development of a general insurance company. The company is modelled alongside the market in aggregate so that the impact of changes in premium rates relative to the market can be assessed. An extensive computer model is developed along these lines, intended for use in practical applications by actuaries advising the management of genera1 insurance companies. Simulation methods are used to explore the consequences of uncertainty, particularly in regard to inflation and investments. Some comments are made on the role of actuaries in general insurance. Alternative approaches to describing the behaviour of an insurance firm in the market are considered.

Determinants of United Kingdom General Insurance Company Performance

2004 ◽  
Vol 10 (5) ◽  
pp. 1079-1110 ◽  
Author(s):  
Y. Shiu
Keyword(s):  
United Kingdom ◽  
Panel Data ◽  
Performance Measures ◽  
Panel Data Analysis ◽  
Ordinary Least Squares ◽  
Insurance Companies ◽  
Company Performance ◽  
Insurance Company ◽  
Data Set ◽  
General Insurance

ABSTRACTDynamic financial analysis has become one of the important tools that actuaries use to model the underwriting and investment operations of insurance companies. The first step in carrying out the analysis is to investigate the most important factors affecting company performance. This paper identifies the determinants of the performance of United Kingdom general insurance companies using a panel data set consisting of economic data and Financial Services Authority/Department of Trade and Industry returns over the period 1986 to 1999. Three performance measures are used to capture different aspects of insurance operations. These measures are related to a number of economic and firm specific variables, chosen on the basis of relevant theory and literature. An ordinary least squares regression model and two panel data models are estimated for each of three performance measures. This paper also addresses several important econometric problems that are usually ignored in applied work in the context of panel data analysis. Based on the empirical results, this study finds that liquidity, unexpected inflation, interest rate level and underwriting profits are statistically significant determinants of the performance of U.K. general insurers.

scholarly journals Analisis Efisiensi Asuransi Umum Syariah di Indonesia Tahun 2013-2015: Aplikasi Metode Data Envelopment Analysis (DEA)

2017 ◽  
Vol 4 (9) ◽  
pp. 757
Author(s):  
Yulia Wahyu Ningsih ◽  
Noven Suprayogi
Keyword(s):  
Data Envelopment Analysis ◽  
Insurance Companies ◽  
Scale Efficiency ◽  
Data Envelopment ◽  
Insurance Company ◽  
Average Value ◽  
General Insurance ◽  
Decision Making Unit ◽  
Dea Analysis ◽  
Input Variables

This study aims to analyze the efficiency of sharia general insurance companies in Indonesia. The input variables used are total assets, expenses, and payment of claims, while the output variable is the income and tabarru’ funds. The method were used to measure the level of efficiency is the Data Envelopment Analysis (DEA) with the assumption of Variable Return to Scale (VRS) with input and output orientation. The samples are 12 sharia general insurance companies during 2013-2015. The results of the study indicate that the average result of DEA analysis for the entire DMU (Decision Making Unit) has not been efficient. The average value of economic efficiency (CRS) by 0.978, technically efficiency (VRS) for 0.925, and scale efficiency for 0.945. Source of inefficiency sharia insurance company is the scale of operations and management of input to output is not optimal.

scholarly journals Early Warning System Analysis of General Insurance Companies

2021 ◽  
Author(s):  
Amandhita Pratiwi Hidayah Ndaru ◽  
Yuli Soesetio
Keyword(s):  
Early Warning ◽  
Financial Services ◽  
Early Warning System ◽  
System Analysis ◽  
Warning System ◽  
Test Methods ◽  
Insurance Companies ◽  
Company Performance ◽  
Insurance Company ◽  
General Insurance

This research aimed to examine the effect of an Early Warning System on insurance company performance. The sample included insurance companies listed on The Financial Services Authority (OJK) in 2016-2018. Fifty samples were obtained through purposive sampling. Data were analysed using regression. The results showed that the loss ratio, liquidity ratio, technical reserve ratio and age of the insurance company affected their performance, but not consistently across the three regression test methods. Meanwhile, the retention ratio did not affect the performance of insurance companies consistently. These results suggest that Indonesian insurance companies having a tendency to prioritize public trust to increase the insurance business. Keywords: Early Warning System, Insurance Company Performance, Indonesia General Insurance

scholarly journals Formation of the optimal portfolio of insurer’s services of the voluntary types of insurance

2016 ◽  
Vol 7 (1) ◽  
pp. 45-51 ◽  
Author(s):  
Valentyna Levchenko ◽  
Myroslav Ostapenko
Keyword(s):  
Portfolio Optimization ◽  
Optimization Model ◽  
Optimization Problem ◽  
Optimal Portfolio ◽  
Optimal Structure ◽  
Insurance Companies ◽  
Insurance Company ◽  
Strategic Decisions ◽  
General Insurance ◽  
Insurance Portfolio

The article studies the possibility of using optimization modelling to form the optimal structure of insurance services’ portfolio of insurance companies. Based on the data of net insurance payments and profitability of the voluntary types of insurance in 2005-2015, the authors conducted their analysis according to the possibility to be included in the general insurance portfolio of the insurance company. The optimization model is based on the approach developed by G. Markowitz. The formation of insurance services portfolio is conducted by solving the optimization problem to maximize the portfolios’ profitability or to minimize the portfolio’s risks. The obtained results can be used in making strategic decisions by the management regarding the development of insurance companies. Keywords: insurance company, insurance service, insurance portfolio, portfolio optimization

scholarly journals Job Satisfaction of the Employees of the General Insurance Companies in Bangladesh

2016 ◽  
Vol 5 (1) ◽  
pp. 7-18
Author(s):  
Mohammad Jashim Uddin ◽  
Md. Masud Chowdhury ◽  
Masuma Yasmin ◽  
Aklima Akter
Keyword(s):  
Job Satisfaction ◽  
Job Security ◽  
Insurance Companies ◽  
Primary Data ◽  
Insurance Company ◽  
General Insurance ◽  
Team Spirit ◽  
Positive Feelings ◽  
Strongly Agree ◽  
Negative Feelings

This study investigates the employees’ job satisfaction of general insurance companies in Bangladesh. A questionnaire was utilized to collect primary data from both public and private general insurance companies. The first part of the questionnaire comprises of the demographic profile of the respondents and the last part indicates the key measuring variables on a Likert scale ranging from 5 (strongly agree) to 1 (strongly disagree) of job satisfaction. The total number of respondents for this study was 385. 74.80 percent of the total respondents have taken from the private general insurance companies, and the remaining percentage from the public general insurance company. 70 percent of the total respondents were male respondents, and 30 percent of the total respondents were female respondents. Factor analysis and correlation matrix have been conducted to analyze the collected data. This study postulates that employees of general insurance companies have positive as well as negative feelings. Three factors reflect positive feelings toward their jobs. These factors are pay and promotional potential, the well-organized chain of command and general working condition. On the other hand, two factors are responsible for negative feelings. These factors are poor team spirit and poor job security. This paper also advocates some recommendations to maximize the positive feelings and to minimize the negative. The proper higher authority should ensure participating decision method to take any decision, the fair delegation, and direct relationship with sub-ordinates to enhance the team spirit for minimizing the dissatisfaction of the employees and should ensure the job security of the employees to get their best effort to achieve the organizational goal.

scholarly journals ANALISA PENERAPAN PRAKTEK REASURANSI PADA PERUSAHAAN ASURANSI SYARI�AH DI INDONESIA

2019 ◽  
Vol 12 (1) ◽  
pp. 1
Author(s):  
Maryasin Abdul Hamid ◽  
Hendri Tanjung ◽  
Trisiladi Supriyanto
Keyword(s):  
Insurance Companies ◽  
Primary Data ◽  
Insurance Company ◽  
Muslim Community ◽  
Is Research ◽  
General Insurance ◽  
Qualitative Descriptive ◽  
Technical Division ◽  
The Republic ◽  
Quantitative Descriptive

This research was carried out in connection with the development of insurance business based on shari�a today is very fast and therefore very important to understand by the Muslim community, especially with respect to the mechanism of the operation of the Shari�a Insurance company. One aspect of the technical field of the insurance company is the reinsurance management unit, especially in the shari�a insurance company. then the need for research by doing "Analysis of the implementation of reinsurance practices in shari�a insurance companies in Indonesia" (the study conducted on the technical division of PT Asuransi Takaful Umum, Head Office), the first shari�a general insurance company in Indonesia. The issues raised are how to know the mechanism of Aqad in shari�a insurance company, as well as the relation of Aqad with the practice of reinsurance program. Therefore it is important to understand the application of the Aqad in shari�a insurance company as well as to understand the practices of reinsurance in Sharia Insurance Company, by combining the Aqad used in shari�a insurance company with the practices of reinsurance program which is subject to the provisions of the Law of the Republic of Indonesia Number 40 Year 2014 on Insurance and Fatwa of Dewan Syariah Nasional - Majelis Ulama Indonesia (DSN-MUI).� Metode of research used is Research Method Qualitative, the method used to analyze problems both analyzing qualitative descriptive and quantitative descriptive. By sourced from primary data relating to documents of reinsurance program of PT. Asuransi Takaful Umum in 2016, as well as data obtained by observation both through informants and interviews. Such Analysis is suggested for other shari�a insurance companies, to ensure the halalness of the implementation of shari�a insurance companies especially for Muslim community in Indonesia as it�s customers.

scholarly journals The Influence Of Risk Based Capital, Investment Returns, and Operational Costs, On the Surplus Underwriting Of Islamic Insurance Companies at the 2014-2018 Period

2020 ◽  
Vol 12 (2) ◽  
pp. 287-306
Author(s):  
Nita Yolanda Oktavia Fusen ◽  
Heraeni Tanuatmodjo ◽  
Aneu Cakhyaneu
Keyword(s):  
Capital Investment ◽  
Secondary Data ◽  
Insurance Companies ◽  
Insurance Company ◽  
Operational Costs ◽  
General Insurance ◽  
Analysis Technique ◽  
Investment Returns ◽  
Statistical Analysis Technique ◽  
Almost All

This study aims to see the overview and influence of risk based capital, investment returns, and operational costs, on the surplus underwriting in Sharia general insurance companies in Indonesia period 2014-2018. Surplus underwriting over the past five years has been fluctuating and almost all sharia general insurance companies in Indonesia have decreased. This is due to the decline in performance and financial instruments in Sharia general insurance companies in Indonesia. The research methods used in this study are causality methods with a quantitative approach. The population in this research is the Sharia general insurance company registered with Otoritas Jasa Keuangan (OJK). The method used for sampling in research is by purposive sampling with the number of samples as many as eleven Sharia general insurance companies in Indonesia for 5 years of research. The data used is secondary data. The statistical analysis technique used in this study was the analysis of a regression of data panels using the Eviews 9 application. The dependent variables in this study are surplus underwriting and independent variables in this research are risk based capital, investment returns, and operational costs. The results showed that risk based capital positively affect the surplus underwriting, investment returns positively affect the surplus underwritimg and operational cost positively affect the surplus underwriting

scholarly journals The Evaluation of the Performance of Eastland Insurance Company Limited a Study of Bangladesh

2015 ◽  
Vol 1 (2) ◽  
pp. 29-43 ◽  
Author(s):  
Bijoy Chandra Das ◽  
Soma Rani Sutradhar
Keyword(s):  
Theoretical Analysis ◽  
Insurance Industry ◽  
Real Life ◽  
Legal Framework ◽  
Insurance Companies ◽  
Insurance Company ◽  
Insurance Sector ◽  
Company Limited ◽  
And Performance

This research is conducted on Eastland Insurance Company Limited. It is accomplished on the “The Evaluation of the policies and performance of Eastland Insurance Company Limited”. This study also includes the information on the overview of Eastland Insurance Company Limited, theoretical analysis of insurance and legal framework of insurance industry Bangladesh on. This research is prepared primarily to have clear and real life ideas about the position of Eastland Insurance Company in insurance sector of Bangladesh. The research focuses on the major challenges of insurance industry in Bangladesh that obstruct smooth development of Bangladesh. This study conveys the message that if the insurance companies are operated very smoothly, the insurance sector will flourish very fast way.

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