Macroeconomic and firm specific determinants of profitability of insurance industry in ethiopia. It attempts to investigate rating trends and forecast rating movements through the application of rating transition matrices. M.Mwangi, J.Wanjugu. "The Determinants of Financial Performance in General Insurance Companies in Kenya." 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. 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. In contrast, liquidity ratio is positively and significantly related with financial performance. Nonfinancial ex- and leverage are the most important determinants of financial performance. 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 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 Solvency II Directive has been worked on for … 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. 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. 11, No. 1, May 2014 92 But, in other studies we noted that liquidity, capital and investment are important determinants of bank profitability [13]. financial performance: (2) nonfinancial explanatory factors. Hence, firm size, loss ratio and leverage are negatively related. The objective of this study was to investigate the factors of financial performance of financial sectors in Pakistan. Six financial performance measures are used to capture different aspects of the insurance … insurance companies, the relative small sample size reduces the extend of the generalisation of this study. 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. 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. 6 No. Insurance Companies Taye Tadesse Tesfaye . Literature categorises these determinants into … 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. This study is carried out using panel data of 10 companies for 10 years from 2005 to 2014. Profitability is one of the most important objectives of financial 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. European Scientific Journal. Methodology. Journal of Business Research, 68(7), 1622-1629. underwriting and investment related) financial performance in the Bermuda insurance market. Data of company successfully researched as many as 15 Islamic insurance companies in Indonesia with a study period of 2011 to 2015. Determinants of performance of insurance companies in Tunisia: the case of life insurance ISSN : 2028-9324 Vol. competence index have a positive effect on the financial performance of Jordanian Insurance Companies. Felício, J.A. Determinants of financial performance : evidence from Ethiopia insurance companies. 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. Lastly, age of insurance company and premium Drawing a framework from the organizational economics literature this study examines the determinants of corporate (i.e. Using panel data for 1993–1997, it was found that, as expected, highly leveraged, lowly liquid companies and reinsurers have better operational performance than lowly … This study was conducted using a descriptive survey design. 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. & Rodrigues, R. (2015). Insurance companies are in the risk business and as such cover various types of risks for individuals, businesses and companies. Explanatory variables based on internal (Size of firm, … According to experts of the insurance sector in 2011 was difficult for insurance companies. 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. Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. Insurance services are now being integrated into wider financial industry and the insurance sector plays an important role in service based economy of Pakistan. Discussing and analyzing the determinants of performance of insurance companies, is considered important in the corporate finance … tistical effects on the financial performance of Jordanian Insurance Companies (Amal, Sameer, & Yahya, 2012). defined as proxy of financial performance, is one of the main objectives of insurance companies’ management (Burca & Batrinca, 2014). (2005). The results showed that the board does not affect the financial performance of Takaful. The theoretical part of the report is based solely on secondary information. and business performance. 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 2015;11(1):288-297. Bashir, A. Lecturer, Department of Accounting and Finance, Arba Minch University, Ethiopia . 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. determinants to explain differences in financial performance of banks (Flamini, McDonald & Schumacher, 2009). Abebe, A. K., & Abera, M. T. (2019). The economy as well as insurance industry of USA and UK face decline during last decade. In particular the study delves into the major determinants of the profitability of the life insurance industry of Ghana. The contribution of the general insurance industry in Kenya to the gross domestic product is at 2.08%. Measuring the financial performance of the insurance market and the factors affecting its performance is a very interesting topic, theoretically and practically, to financial … The Indian insurance industry can be categorized into two major market segments based on the purpose and service provided by them, viz. 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