Underwriting Results, Investment Results and Risk Based Capital on Profit of General Insurance Companies in Indonesia
Abstract
An insurance business is a business that provides services in risk re-insurance. This study aims to analyze Premium Income, Underwriting Results, Investment Returns and Risk Based Capital on Profits of General Insurance Companies in Indonesia. The method used in this study is documentation techniques through OJK reports and financial reports for 8 insurance companies in Indonesia from 2016 to 2020 so that the population is 40 data. The sampling technique is saturated sampling, where the entire population is taken as a sample, so that the total sample is 40 data. The results of the study show that investment returns and risk based capital have a positive and significant effect on earnings, while premium income and underwriting results have no significant effect on profits.
Keywords
References
AAUI. (2020). General insurance premium income fell 6.1 % in the second quarter of 2020. Retrieved July 15, 2021, from AAUI website: http://aaui.or.id/pendapatanpremi-asuransi-umum-turun-61-di-kuartal-ii- 2020/
Abd'rachim. 2021. Financial Management. Jakarta: PT Perca.
Agus, S and Irfani, 2020, Financial and Business Management; Theory and Application , Jakarta: PT. Main Library Gramedia,
Agustin, FS (2018). The Influence of Premium Growth Ratio, Risk Based Capital and Investment Returns on the Profitability of General Insurance Companies Listed on the Indonesia Stock Exchange in 2010-2014. ACCRUALS (Accounting Research Journal of Sutaatmadja), 2(2), 53-65.
Amaliah, Eka Nur., Darnah., & Sifriyani. (2020). Panel Data Regression with Common Effect Model (CEM), Fixed Effect Model (FEM) and Random Effect Model (REM) Approaches (Case Study: Percentage of Poor Population by District/City in East Kalimantan 2015-2018). ESTIMATION: Journal of Statistics and Its Application, 1(2), 106-115.
Indonesia stock exchange. 2018. Financial & Annual Report. In www.idx.co.id. Retrieved 7 February 2018.
Indonesia stock exchange. 2020. Financial reports. (On line). (http://www.idx.co.id/company-tecatat/ reports-keuangan-dan-tahunan/), accessed 16 October 2020).
Caren, BA & Mwangi, M. (2017), Effects of Underwriting and Claims Management on performance of Properties and Casualty Insura . nce Companies in East africa, European Scientific Journal May 2017 edition Vol.13, No.13 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431, doi: 10.19044/esj.2017.v13n13p358 URL:http://dx.doi.org/10.19044/esj.2017.v13n13p358
Maharani, P., & Ferli, O. (2020). General Insurance Company Profits on the Indonesia Stock Exchange are Affected by Premium Income, Claim Expenses, and Risk Based Capital. Journal of Capital Markets and Business , 2 (2), 155–166.
Markonah, M. (2021). Analysis Relates to The Role of Premium Income, Claim Expenses, Investment Result and Risk Based Capital (RBC) Against the General Insurance Companies' Profits Income (Case Study on General Insurance Which Registered in The Indonesia Stock Exchange. Dynasty International Journal of Economics, Finance & Accounting , 2 (2), 135–149.
Marsanto, SAS, Mulyantini, and Fadila, A. (2021), The Effect of Soundness Level on the Profitability of Insurance Companies Listed on the Indonesian Stock Exchange, Correlation (National Research Conference on Accounting and Economic Management), Vol 2, No 1 (2021)
Marwansyah, S., & Utami, AN (2017). Analysis of investment returns, premium income, and claims expenses on insurance company profits in Indonesia. Journal of Accounting, Economics and Business Management , 5 (2), 213–221.
Mutmainnah, M., Puspitaningtyas, Z., & Puspita, Y. (2019). The Influence of Dividend Policy, Investment Decisions, Company Size and Managerial Ownership on Firm Value , Bulletin of Economic Studies, University of Jember, Vol. 24 No. 1, February 2019
Nasution, Z., Adiba, EM, & Abdulrahim, MO (2019). Comparison analysis of risk-based capital (RBC) performance and its effect on Islamic insurance profitability in Indonesia and Malaysia. Al-Uqud: Journal of Islamic Economics , 3 (2), 149–160.
Services Authority Finance No. 71/POJK.05/2016 about health Finance Company Insurance and Reinsurance Companies in the theoretical study of Health finance Chapter 2 that: (1) Company must every time fulfil condition level health finance and Article 3 describes the Solvency Level Limit
Financial Services Authority. (2017). Financial Services Authority Circular Letter Number 24/SEOJK.05/2017 concerning Guidelines for Calculation of Risk-Based Minimum Amount of Capital for Insurance Companies and Reinsurance Companies
Financial Services Authority. (2021). Indonesian Insurance Statistics 2013-2020 (online). Retrieved from https://www.ojk.go.id/id/kanal/iknb/data-dan-statistik/asuransi
Regulation of the Minister of Finance no. 53/ PMK.010/2012 dated 3 April 2012 concerning the Financial Health of Insurance Companies and Reinsurance Companies.
Pratiwi, OS, & Azib, A. (2018). The Effect of Premium Income, Claim Expenses, Underwriting Results, and Risk Based Capital on Profits and Stock Prices (Case Study of Insurance Companies Listed on the Indonesia Stock Exchange in 2012-2016). Proceedings of Management , 1260–1266.
Sastri, IAI ,, Sujana, E., Sinarwati, NK (2017). Analysis of the Effect of Premium Income, Underwriting Results, Investment Returns and Risk Based Capital on Insurance Company Profits., JIMAT (Scientific Journal of Accounting Students) , Ganesha University of Education. VOL. 7 NO. 1 (2017) DOI: https://doi.org/10.23887/jimat.v7i1.9409
Sugiyono (2019). Quantitative Research Methods, Qualitative, and R&D. Bandung : Alphabet.
Law Number 40 of 2014 concerning Insurance Businesses
Widarjono, A. (2018). Introductory Econometrics and Its Applications Accompanied by the Eviews Guide . Fifth edition. Yogyakarta: UPP STIM YKPN Yogyakarta.
Wulandari, M. (2018). Effect of Premium Income, Underwriting Results, Investment Returns, Risk Based Capital, and Claim Expenses on Profits of General Insurance Companies in Indonesia in 2012-2016 . State Islamic University of Sultan Syarif Kasim Riau.
DOI: http://dx.doi.org/10.22441/indikator.v7i3.21536
Refbacks
- There are currently no refbacks.
Copyright (c) 2023 Indikator: Jurnal Ilmiah Manajemen dan Bisnis
INDIKATOR
Magister Manajemen Universitas Mercu Buana
Jl. Raya Kranggan No. 6 Jatisampurna, Kampus D Universitas Mercu Buana 17436
Tlp./Fax: +62218449635
p-ISSN: 2598-6783
e-ISSN: 2598-4888
http://publikasi.mercubuana.ac.id/index.php/indikator
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.