Journal of Accounting, Finance and Auditing Studies, 5(1), 155-172. financial performance: (2) nonfinancial explanatory factors. (2005). The financial performance of insurance companies is also relevant within the macroeconomic context since the insurance industry is one of the financial system ’ components, fostering economic growth and stability. The objective of this study was to investigate the factors of financial performance of financial sectors in Pakistan. Determinants of performance of insurance companies in Tunisia: the case of life insurance ISSN : 2028-9324 Vol. Determinants of Performance in Islamic Banks: Some Evidence from the middle East Islamic Economic Studies, Vol. Measuring the financial performance of the insurance market and the factors affecting its performance is a very interesting topic, theoretically and practically, to financial … insurance companies during the process of the development and consolidation of the financial nonbank system. Ana and Ghiorghe (2014) attempted to analyze determinants of the financial performance in the Romanian insurance market during the period of 2008–2012 using 21 insurance companies’ joc3-2017-v1c.indd 24 10.9.2017 17:37:30 Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. The economy as well as insurance industry of USA and UK face decline during last decade. This study was conducted using a descriptive survey design. 6 No. determinants of profitability in insurance companies are divided in to two, such as determinants of profitability in property/liability or general insurance companies and in life/health insurance companies. Abstract: Financial performance is the key question for survival and stability of insurance industry. Hence, firm size, loss ratio and leverage are negatively related. 2015;11(1):288-297. Methodology. Hailegebreal, D. (2016). Discussing and analyzing the determinants of performance of insurance companies, is considered important in the corporate finance … The theoretical part of the report is based solely on secondary information. Therefore, this study focused on the recent takaful operator’s financial reports specifically for the family takaful operators in order to assess the determinants that influence the financial performance. Over the past decades, more regulations for insurance companies have been created. Insurance services are now being integrated into wider financial industry and the insurance sector plays an important role in service based economy of Pakistan. Bashir, A. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): Abstract The financial analysis of a company is an important tool used by actuaries in the process of decision-making on underwriting and investment activities of the insurance company. In order to carry out the study, secondary data of 17 life insurance companies over the period of 2008-2012 was obtained on the financial performance from the annual reports and audited financial statements. This study investigated determinants of financial performance of listed financial sectors in Karachi Stock Exchange from 2008 to 2012. The results showed that the board does not affect the financial performance of Takaful. Lecturer, Department of Accounting and Finance, Arba Minch University, Ethiopia . This paper attempts to examine the relationship between financial performance and their determinants in the case of Indian life insurance sector. Profitability is one of the most important objectives of financial In this study, we examine the impact of firm-specific characteristics (size, leverage, tangibility, risk, growth, liquidity and age) on the performance of eight insurance companies in Tunisia a period of 8 years (2005-2012). life insurance, catering to the needs regarding any incident of the death, and non-life insurance, which includes companies which provide insurance facilities against health, motor, fire, marine, and so on. It is therefore, necessary that insurance companies manage their risk exposure and conduct proper analysis to avoid losses due to the compensation claims made by the insured. Nonfinancial ex- In summary, the aim of this study is to evaluate financial performance (FP) of UK insurance companies by analysing their rating performance. underwriting and investment related) financial performance in the Bermuda insurance market. European Scientific Journal. He studied the effect of five determinants namely age of company, size, capital, leverage, and loss ratio on the return on assets using data of 35 listed life and non-life insurance This paper identifies the determinants of the performance of general insurance companies in Poland using a panel dataset consisting of a firm specific factors and macroeconomic factors over the period 2006-2013. Malik (2011) disclosed slightly different results. Macroeconomic and firm specific determinants of profitability of insurance industry in ethiopia. 11, No. The target population for this study comprised the 46 insurance companies in Kenya. 1.1 Problem statement. Felício, J.A. takaful operator’s financial performance is limited due to the lack of data and empirical evidence on this area. 1, May 2014 92 But, in other studies we noted that liquidity, capital and investment are important determinants of bank profitability [13]. This study used systematic random sampling method to select the respondents. In contrast, liquidity ratio is positively and significantly related with financial performance. Organizational factors and customers' motivation effect on insurance companies' performance. The contribution of the general insurance industry in Kenya to the gross domestic product is at 2.08%. Six financial performance measures are used to capture different aspects of the insurance … competence index have a positive effect on the financial performance of Jordanian Insurance Companies. "The Determinants of Financial Performance in General Insurance Companies in Kenya." Journal of Business Research, 68(7), 1622-1629. Second, the factors that significantly affect life insurers' financial health are firm size, change in asset mix, investment performance, and change in product mix, but the last three factors are more applicable to Japan. The Solvency II Directive has been worked on for … tistical effects on the financial performance of Jordanian Insurance Companies (Amal, Sameer, & Yahya, 2012). It attempts to investigate rating trends and forecast rating movements through the application of rating transition matrices. Explanatory variables based on internal (Size of firm, … Financial performance vari-ables include widely-used measures embracing levels, growth and variability in profit (typically related to assets, investment or owner's equity) as well as such measures as market value, assets, equity, cash flow, sales and market/book value. The financial performance of insurance companies is also relevant within the macroeconomic context since the insurance … According to Yuqi Li (2007) financial institutions’ non-financial statements variables are The researcher compares two insurance industries, analysis possible determinants of financial performance during global financial crisis, collected 24 insurance companies’ Quarterly data from 2007-16 and applied panel data techniques. and leverage are the most important determinants of financial performance. The economy as well as insurance industry of USA and UK face decline during last decade. The method used is multiple regression analysis and Moderated Regression Analysis. Insurance Companies Taye Tadesse Tesfaye . This is low and hence the need to establish factors that can influence improved performance of some of the key players – the general insurance companies. determinants to explain differences in financial performance of banks (Flamini, McDonald & Schumacher, 2009). experience) and financial performance of life insurance companies in Kenya. This study is carried out using panel data of 10 companies for 10 years from 2005 to 2014. Insurance companies are in the risk business and as such cover various types of risks for individuals, businesses and companies. Literature categorises these determinants into … M.Mwangi, J.Wanjugu. The aim of this research is to examine the determinants of profitability performance of selected insurance companies in Ethiopia. Determinants of financial performance : evidence from Ethiopia insurance companies. Data of company successfully researched as many as 15 Islamic insurance companies in Indonesia with a study period of 2011 to 2015. defined as proxy of financial performance, is one of the main objectives of insurance companies’ management (Burca & Batrinca, 2014). insurance companies, the relative small sample size reduces the extend of the generalisation of this study. The insurance services are being integrated to wider financial services and now in these days insurance sector plays an important role in service based economy of Pakistan. This paper aims to examine the effect of insurance specific characteristics, corporate governance and risk reporting attributes, Shari’ah board and inflation rate on the financial performance of Takaful and cooperative insurance industries.,Based on a dynamic panel generalized method of moment’s system estimation, the author investigates determinants of financial performance as … According to experts of the insurance sector in 2011 was difficult for insurance companies. Drawing a framework from the organizational economics literature this study examines the determinants of corporate (i.e. To focus the overall performance of the financial performance of insurance Companies in Bangladesh; To prepare necessary recommendation to develop the standard of service . The researcher compares two insurance industries, analysis possible determinants of financial performance during global financial crisis, collected 24 insurance companies’ Quarterly data from 2007-16 and applied panel data techniques. & Rodrigues, R. (2015). The researchers used only secondary data type from selected insurance companies, viz., National Bank of Ethiopia (NBE) and Ministry of Finance and Economic cooperation (MoFEC). The Indian insurance industry can be categorized into two major market segments based on the purpose and service provided by them, viz. Lastly, age of insurance company and premium that determine financial performance and the extent to which they influence financial performance of insurance companies. Profitability is one of the most important objectives of financial management because one goal of financial management is to maximize the owner` s wealth and profitability is very important determinants of performance. 2, pp1-20. Abebe, A. K., & Abera, M. T. 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