Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study

The insurance and takaful sector is one of the fundamental elements in the financing of the Malaysia economy and contributes to the effort to support the development of the countries. In this study, we examine the impact of firm specific factors (underwriting risk, size and expense ratio) and macro...

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Main Author:	Najwa Niza, Abdul Aziz
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/8436/1/s820836_01.pdf https://etd.uum.edu.my/8436/2/s820836_02.pdf https://etd.uum.edu.my/8436/3/s820836%20references.docx
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id	my-uum-etd.8436
record_format	uketd_dc
spelling	my-uum-etd.84362022-08-18T06:29:37Z Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study 2019 Najwa Niza, Abdul Aziz Isa, Mohamad Yazid Zainuddin, Zaemah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The insurance and takaful sector is one of the fundamental elements in the financing of the Malaysia economy and contributes to the effort to support the development of the countries. In this study, we examine the impact of firm specific factors (underwriting risk, size and expense ratio) and macroeconomic factors (GDP, BLR and TBR) on the performance of eight (8) insurance companies and eight (8) takaful operators in Malaysia over a period of eight (8) years (2011-2018). Secondary data that was collected from the financial statements (balance sheet and income statements) of insurance companies and takaful operators; and statistics report from Bank Negara Malaysia (BNM) are the major sources of data for this study. The results from panel data indicates that the variables underwriting risk, size, GDP and TBR are the most important determinants of the financial performance of takaful operators measured by ROA (Return on Assets) and ROE (Return on Equity). However, the financial performance of insurance companies is statistically significant with variables size, expense ratio, GDP and BLR, determines the performance of insurance companies measured by ROE. As for ROA only expense ratio is significant. 2019 Thesis https://etd.uum.edu.my/8436/ https://etd.uum.edu.my/8436/1/s820836_01.pdf text eng public https://etd.uum.edu.my/8436/2/s820836_02.pdf text eng public https://etd.uum.edu.my/8436/3/s820836%20references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Isa, Mohamad Yazid Zainuddin, Zaemah
topic	HG Finance
spellingShingle	HG Finance Najwa Niza, Abdul Aziz Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study
description	The insurance and takaful sector is one of the fundamental elements in the financing of the Malaysia economy and contributes to the effort to support the development of the countries. In this study, we examine the impact of firm specific factors (underwriting risk, size and expense ratio) and macroeconomic factors (GDP, BLR and TBR) on the performance of eight (8) insurance companies and eight (8) takaful operators in Malaysia over a period of eight (8) years (2011-2018). Secondary data that was collected from the financial statements (balance sheet and income statements) of insurance companies and takaful operators; and statistics report from Bank Negara Malaysia (BNM) are the major sources of data for this study. The results from panel data indicates that the variables underwriting risk, size, GDP and TBR are the most important determinants of the financial performance of takaful operators measured by ROA (Return on Assets) and ROE (Return on Equity). However, the financial performance of insurance companies is statistically significant with variables size, expense ratio, GDP and BLR, determines the performance of insurance companies measured by ROE. As for ROA only expense ratio is significant.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Najwa Niza, Abdul Aziz
author_facet	Najwa Niza, Abdul Aziz
author_sort	Najwa Niza, Abdul Aziz
title	Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study
title_short	Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study
title_full	Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study
title_fullStr	Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study
title_full_unstemmed	Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study
title_sort	determinants of financial performance of insurance companies and takaful operators in malaysia: a comparative study
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2019
url	https://etd.uum.edu.my/8436/1/s820836_01.pdf https://etd.uum.edu.my/8436/2/s820836_02.pdf https://etd.uum.edu.my/8436/3/s820836%20references.docx
_version_	1747828393030713344

Determinants of financial performance of insurance companies and takaful operators in Malaysia: a comparative study

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