Analisis Faktor-Faktor Yang Mempengaruhi Laba Perusahaan Asuransi Umum Unit Usaha Syariah di Indonesia

Abstract

Sharia business unit general insurance companies in 2017-2018 experienced a decline in performance. The decline in profits experienced must be known and what factors influence it. This study aims to analyze the effect of premium income, Risk-Based Capital, underwriting results, claim expenses, and operating costs on the profits of general insurance companies of sharia business units in Indonesia for the 2015-2020 period. This study uses panel data regression analysis with a quantitative approach using the Eviews 9 data processing application. Data were collected using the documentation method (secondary data) of 10 general insurance companies and Islamic business units in Indonesia registered with the OJK from 2015 to 2020. The results showed that simultaneously premium income, Risk-Based Capital, underwriting results, claims expenses, and operating costs had a significant effect on profits. Partially, premium income has a negative and significant effect on profit, while Risk-Based Capital, claims expense, and operating costs have a positive and significant effect on profit. Then the underwriting results have no significant effect on profits.

The Influence of Premiums, Claims, Investment Results and Underwriting on Profits in Sharia Insurance Companies

“…In accordance with the company's assumptions, in this way the company can maintain sufficient tabbaru' funds to pay claims that occur, so that participants and policy holders get equal justice in contributing to tabbaru' according to the risks they have. (Fitrianty et al, 2022).…”

“…One way to see the efficiency of a company's performance is to obtain the profits earned by the company. A company will grow further if it is supported by increased profits Fitrianty et al, (2022). However, based on OJK data, sharia life insurance companies experienced a quite drastic decline in profits in 2020 and 2021, as can be seen in the graph below.…”

Analisis Pengaruh Rasio Early Warning System dan Good Corporate Governance terhadap Risk Based Capital pada Perusahaan Asuransi Syariah di Indonesia Periode 2017-2021

“…Rasio Beban Klaim mencerminkan besar kualitas perusahaan asuransi yang ditutup dan menggambarkan kinerja perusahaan untuk menutupi klaim yang diminta pemegang polis (Nurfadila et al, 2015). Beban klaim timbul jika terjadi kecelakaan, penyakit yang memerlukan perawatan, kematian peserta dan pemutusan kontrak selama masih dalam masa kontrak (Fitrianty et al, 2022). Perhitungannya yaitu:…”

Systematic Literature Review: The Effect of Premiums and Investments on Sharia Insurance Company Profits

“…However, this research only focuses on two factors, namely premiums and investment. According to research conducted by (Fitrianty et al, 2022), the premium variable's effect on profit is that partially premium income has a negative and significant effect on profit, which means that if premium income increases, insurance profit will decrease and vice versa. This is contrary to research conducted by (Nasution & Nanda, 2020) that partially premium income has a positive and significant effect on insurance profit, which means that if premium income increases, insurance profit will increase, and vice versa.…”