It attempts to investigate rating trends and forecast rating movements through the application of rating transition matrices. The Solvency II Directive has been worked on for … & Rodrigues, R. (2015). Profitability is one of the most important objectives of financial M.Mwangi, J.Wanjugu. 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. This study used systematic random sampling method to select the respondents. 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 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. and leverage are the most important determinants of financial performance. This paper attempts to examine the relationship between financial performance and their determinants in the case of Indian life insurance sector. 2015;11(1):288-297. 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. The aim of this research is to examine the determinants of profitability performance of selected insurance companies in Ethiopia. The theoretical part of the report is based solely on secondary information. Literature categorises these determinants into … defined as proxy of financial performance, is one of the main objectives of insurance companies’ management (Burca & Batrinca, 2014). 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). The contribution of the general insurance industry in Kenya to the gross domestic product is at 2.08%. The study was therefore to establish the factors that affect the profitability of general insurers in Kenya. Abstract: Financial performance is the key question for survival and stability of insurance industry. According to experts of the insurance sector in 2011 was difficult for insurance companies. Lastly, age of insurance company and premium 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. Insurance companies are in the risk business and as such cover various types of risks for individuals, businesses and companies. 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 The objective of this study was to investigate the factors of financial performance of financial sectors in Pakistan. Drawing a framework from the organizational economics literature this study examines the determinants of corporate (i.e. The target population for this study comprised the 46 insurance companies in Kenya. 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 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. 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. 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. Determinants of financial performance : evidence from Ethiopia insurance companies. Hailegebreal, D. (2016). This study investigated determinants of financial performance of listed financial sectors in Karachi Stock Exchange from 2008 to 2012. Determinants of performance of insurance companies in Tunisia: the case of life insurance ISSN : 2028-9324 Vol. According to Yuqi Li (2007) financial institutions’ non-financial statements variables are Journal of Business Research, 68(7), 1622-1629. Data of company successfully researched as many as 15 Islamic insurance companies in Indonesia with a study period of 2011 to 2015. 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. Malik (2011) disclosed slightly different results. In contrast, liquidity ratio is positively and significantly related with financial performance. 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 … The Indian insurance industry can be categorized into two major market segments based on the purpose and service provided by them, viz. 6 No. 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 … 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). In summary, the aim of this study is to evaluate financial performance (FP) of UK insurance companies by analysing their rating performance. Nonfinancial ex- 2, pp1-20. Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. – The aim of this research is to assess the financial performance of the life insurance industry of an emerging economy. Six financial performance measures are used to capture different aspects of the insurance … and business performance. 11, No. This study was conducted using a descriptive survey design. 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 financial performance of insurance companies is also relevant within the macroeconomic context since the insurance … Hence, firm size, loss ratio and leverage are negatively related. insurance companies during the process of the development and consolidation of the financial nonbank system. The results showed that the board does not affect the financial performance of Takaful. 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. Journal of Accounting, Finance and Auditing Studies, 5(1), 155-172. 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. European Scientific Journal. 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. underwriting and investment related) financial performance in the Bermuda insurance market. Insurance Companies Taye Tadesse Tesfaye . Macroeconomic and firm specific determinants of profitability of insurance industry in ethiopia. that determine financial performance and the extent to which they influence financial performance of insurance companies. 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. Abstract: The contribution of the general insurance industry in Kenya to thegross domestic product is at 2.08%. Abebe, A. K., & Abera, M. T. (2019). Methodology. Bashir, A. "The Determinants of Financial Performance in General Insurance Companies in Kenya." 1.1 Problem statement. 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. 1, May 2014 92 But, in other studies we noted that liquidity, capital and investment are important determinants of bank profitability [13]. determinants to explain differences in financial performance of banks (Flamini, McDonald & Schumacher, 2009). The economy as well as insurance industry of USA and UK face decline during last decade. insurance companies, the relative small sample size reduces the extend of the generalisation of this study. Determinants of Performance in Islamic Banks: Some Evidence from the middle East Islamic Economic Studies, Vol. financial performance: (2) nonfinancial explanatory factors. (2005). Insurance services are now being integrated into wider financial industry and the insurance sector plays an important role in service based economy of Pakistan. 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. tistical effects on the financial performance of Jordanian Insurance Companies (Amal, Sameer, & Yahya, 2012). experience) and financial performance of life insurance companies in Kenya. competence index have a positive effect on the financial performance of Jordanian Insurance Companies. Lecturer, Department of Accounting and Finance, Arba Minch University, Ethiopia . Organizational factors and customers' motivation effect on insurance companies' performance. Discussing and analyzing the determinants of performance of insurance companies, is considered important in the corporate finance … 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 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. Explanatory variables based on internal (Size of firm, … takaful operator’s financial performance is limited due to the lack of data and empirical evidence on this area. This study is carried out using panel data of 10 companies for 10 years from 2005 to 2014. Over the past decades, more regulations for insurance companies have been created. Felício, J.A. The method used is multiple regression analysis and Moderated Regression Analysis. 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