THE EFFECT OF REGIME SUPERVISION, RISK APPETITE AND PROFILE ACTUARIAL ON FINANCIAL HEALTH LIFE INSURANCE COMPANY IN INDONESIA 2006-2018

Authors

  • Putu Willy Adhitya Nugraha Universitas Bina Nusantara
  • Doddy Ariefianto Universitas Bina Nusantara

DOI:

https://doi.org/10.33758/mbi.v18i8.742

Keywords:

Life Insurance, Financial Health, Risk Appetite, Regime Supervision, Profile Actuarial, Data Panel Estimate, Regression Linear Analyze

Abstract

Everyone must be able to do financial management. The importance of managing finances because no one does not know for sure to happen tomorrow. Life insurance is one of the financial instruments present in the financial industry as a place to invest and store funds in preparing for tomorrow. In choosing a company where funds are stored, people tend to look at the level of trust, one of which is financial health. In this study, researchers tried to raise the theme of Financial Health in life insurance companies which are influenced by three variables, namely risk appetite, regime supervision and actuarial profile. Researchers are trying to develop a Z-Score modification in banking to find out whether or not there is a connection between the three variables. The results showed that there was a significant influence of the regime supervision variable on financial health compared to other variables such as risk appetite and actuarial profile after conducting various tests. By the three tests, namely Linear Regression Analysis and Data Panel Estimation, the coefficient value still dominates more than 5%

References

Abor, Joshua & Joseph Oscar Akotey (2011). Risk Management in the Ghanaian Insurance Industry. Qualitatvie Research in Financial Market, 5 (1), 26-42

Alwan, Sri Kustono. (2009). “Pengaruh Ukuran, Dividend Payout, Resiko Spesifik, dan Pertumbuhan Perusahaan terhadap Praktik Perataan Laba pada Perusahaan Manufaktur Studi Empiris Bursa Efek Jakarta 2002-2006”. Jurnal Ekonomi Bisnis Vol. 14 No. 3, pp. 200-203

Andrew, D.F (1974). A Robust Method for Multipe Linear Regression. Technometrics Vol.16, No.4 , PP. 523-531

De Haan, Leo & Jan Kakes (2010). Are Non Risk Based Capital Requirements for Insurance Companies Binding?. Journal of Banking & Finance Volume 34, Issue 7 , July 2010,

Feng, Cecilia & Tawei Wang (2018). Does CIO Risk Appetite Matter? Evidence from Information Security Breach Incidents. International Journal of Accounting Information Systems Volume 32, March 2019, 59-75

Gazi, A. I. et al. (2021) ‘Determinants of Profitability in Banking Sector : Empirical Evidence from Determinants of Profitability in Banking Sector : Empirical Evidence from Bangladesh’, (November). doi: 10.13189/ujaf.2021.090616

Hanafi, M. Mamduh (2012). Manajemen Keuangan Edisi Pertama. Yogyakarta: BPFE

Hastuti, Sri & Ponty Sya’banto Putra Hutama. 2010. “Perbedaan Perilaku Earnings Management Berdasarkan Pada Perbedaan Life Cycle dan Ukuran Perusahaan. SNA XII, Purwokerto : IAI

Husnan, Suad & Eny Pudjiastuti. (1998). Teori Portofolio dan Investasi. Jakarta : PT. Gramedia Pustaka Utama.

Indah, Yuliani Permatasari (2013). Efektivitas Pengawasan Badan Pengawas Pasar Modal (BAPEPAM-LK) terhadap Perusahaan Efek Terkait Prinsip Mengenal Nasabah dalam Pencegahan Pencucian Uang di Pasar Modal (Studi di Badan Pengawas Pasar Modal dan Lembaga Keuangan). Jurnal Ilmiah Universitas Brawijaya

Irawati, Susan, (2006). Manajemen Keuangan. Bandung : Pustaka Utama Grafiti.

Jusuf Jopie. 2008. Buku Analisis Kredit Untuk Akun Officer. Jakarta : PT. Gramedia Pustaka Utama

Lepetit, Laetitia & Frank Strobel (2013). Bank Insolvency Risk and Time-Varying Z-Score Measures. Int. Fin. Markets, Inst. and Money 25, 73-87.

Otoritas Jasa Keuangan, Peraturan Otoritas Jasa Keuangan Nomor 68 / POJK.05/2016 tentang Perizinan Usaha Asuransi Jiwa

Otoritas Jasa Keuangan, Peraturan Otoritas Jasa Keuangan Nomor 70 / POJK.05/2016 tentang Penyelenggaraan Perusahaan Asuransi Jiwa

Otoritas Jasa Keuangan, Peraturan Otoritas Jasa Keuangan Nomor 71 / POJK.05/2016 entang Kesehatan Keuangan Perusahaan Asuransi dan Perusahaan Reasuransi

Simamora, Henry. 2000. Akuntansi Basis Pengambilan Keputusan Bisnis. Jakarta: Salemba Empat

Soliha, Euis & Taswan. (2002). “Pengaruh Kebijakan Hutang terhadap nilai perusahaan serta beberapa faktor yang mempengaruhinya”. Jurnal Bisnis Ekonomi (Online)

SR Soemarno. 2005. Akuntansi Suatu Pengantar Buku 2. Edisi Kelima. Jakarta: Salemba Empat

Sudana, I Made. 2011. Manajemen Keuangan Perusahaan. Jakarta: Erlangga

Sujoko & Ugy Soebiantoro. 2002. “Pengaruh Struktur Kepemilikan Saham, Leverage, Faktor Intern dan Faktor Ekstern terhadap Nilai Perusahaan”. Jurnal Manajemen dan Kewirausahaan (Online), Vol 9 No. 1

Weldon, Kipkoech Kigen, (2014). The Effect of Firm size on Profitability of Insurance companies.

Yadav, Babita & Anshuja Tiwari (2012). A Study on Factors Affecting Customers

Investment Towards Life Insurance Policies. International Journal of Marketing, Financial Services & Management Research, 17-18.

Downloads

Published

2024-04-02

Issue

Section

Articles