DETERMINAN SOLVABILITAS DANA TABARRU’ PADA PERUSAHAAN ASURANSI SYARIAH DI INDONESIA

Iis Indah Lestari, Hasan Mukhibad

Abstract


Abstract

Solvency of tabarru’ funds can indicate a company's ability to pay obligations Islamic insurance claims payments to the participants or policyholders. Related to this, the Financial Services Authority has set a minimum limit of solvency margin tabarru’ funds which amounted to 30% which must be fulfilled by Islamic insurance companies. However, there are three Islamic insurance companies that have a solvency tabarru’ funds under the terms of at least 30%, such as PT Asuransi Astra Buana, Takaful Protection Jaya and PT Tugu Pratama Indonesia. The purpose of this study was to determine the effect of firm size, type of company, Retakaful premiums, investment, wealth available to qardh, and operating expenses to fund solvency tabarru on Islamic insurance company in Indonesia. The population in this study was Islamic insurance company over registered at the Financial Services Authority (OJK) in the year 2013-2018. By using purposive sampling techniques, sample end of the study amounted to 14 mining companies with 84 units of analysis. Meanwhile, the analysis used descriptive statistical analysis and panel regression analysis with Eviews 9. The results showed that the return on investment and wealth available to qardh positive and significant impact on the solvency of  tabarru’ fund. Variable size of company, type of company, Retakaful premiums, and operating expenses partially have no effect on the solvency of the tabarru’ fund.


Keywords


Solvency Tabarru; Company Size; Company Type; Retakaful Premiums; Investment; Wealth Available For Qardh; Operating Expenses

Full Text:

PDF

References


Adams, M., & Buckle, M. (2003a). The determinants of corporate financial performance in the Bermuda insurance market. Applied Financial Economics, 13 (2), 133–143.

https://doi.org/10.1080/09603100210105030

Adams, M., & Buckle, M. (2003b). The determinants of corporate financial performance in the Bermuda insurance market. Applied Financial Economics, 13 (2), 133–143.

https://doi.org/10.1080/09603100210105030

Al-Khazali, O. M., & Zoubi, T. A. (2005). Empirical testing of different alternative proxy measures for firm size. Journal of Applied Business Research, 21 (3), 79–90.

Ambarwati, S., & Hasib, F. F. (2018). Pengaruh Ukuran Perusahaan, Hasil Investasi, Dan Profitabilitas Terhadap Solvabilitas Asuransi Syariah Di Indonesia Periode 2012-2016. Jurnal Ekonomi Dan Bisnis Islam, 4 (2), 91–102.

Arfianto, Primayanti, A., & Denny, E. (2016). The Determinant Of Financial Health On Sharia Life Insurance Company (Empirical Research on Sharia Life Insurance Company in Indonesia Period 2010-2015, 5, 1–14.

Barney. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management.

Chen, R., & Wong, K. A. (2004). The Determinants Of Financial Health Of Asian Insurance Companies, 71 (3), 469–499.

Daniel, Safitri, E., & Elizabeth, S. M. (2016). Pengaruh Profitabilitas, Ukuran Perusahaan Dan Reasuransi Terhadap Solvabilitas Perusahaan Asuransi Jiwa Unit Link Di Indonesia (Studi Kasus Pada Perusahaan Asuransi Jiwa Unit Link Periode 2012-2016, 1–10.

De Haan, L., & Kakes, J. (2010). Are non-risk based capital requirements for insurance companies binding? Journal of Banking and Finance, 34 (7), 1618–1627. https://doi.org/10.1016/j.jbankfin.2010.03.008

Fatimah, S. (2015). Pengaruh Rentabilitas, Efisiensi Dan Likuiditas Terhadap Kecukupan Modal Bank Umum Syariah. Al-Iqtishad: Journal of Islamic Economics, 6(1), 42–58. https://doi.org/10.15408/ijies.v6i1.1368

Fitrianto, H., & Mawardi, W. (2006). Analisis Pengaruh Kualitas Aset, Likuiditas, Rentabilitas, Dan Efisiensi Terhadap Rasio Kecukupan Modal Perbankan Yang Terdaftar Di Bursa Efek Jakarta, 3 (1), 1–11. https://doi.org/10.14710/jsmo.v3i1.4178

Freeman, R. E., & McVea, J. (2001). Darden Graduate School of Business Administration A Stakeholder Approach to Strategic Management, (01).

Insana. (2012). Analisis Faktor-Faktor Yang Mempengaruhi Kesehatan Keuangan Asuransi Jiwa Syariah Di Indonesia.

Mukhibad, H., Anisykurlillah, I., Nurkhin, A., & Jayanto, P. Y. (2019). Can Social Performance Improve Financial Performance and Increase Customers’ Trust? International Journal of Financial Research, 10 (4), 37. https://doi.org/10.5430/ijfr.v10n4p37

Mukhibad, H., Anisykurlillah, I., Nurkhin, A., & Jayanto, P. Y. (2019). Can Social Performance Improve Financial Performance and Increase Customers’ Trust? International Journal of Financial Research, 10 (4), 37. https://doi.org/10.5430/ijfr.v10n4p37

Nurwidyaningsih, M. (2018). Pengaruh Profitabilitas, Risiko Underwriting, Dan Reasuransi Terhadap Solvabilitas Perusahaan Asuransi (Pada Perusahaan Asuransi Yang Terdaftar di Bursa Efek Indonesia). Retrieved from http://e-journal.uajy.ac.id/14649/1/JURNAL.pdf

OJK. (2016). Salinan Peraturan Otoritas Jasa Keuangan Nomor 72/POJK.05/2016 Tentang Kesehatan Keuangan Perusahaan Asuransi Dan Perusahaan Reasuransi Dengan Prinsip Syariah.

OJK. (2017). Laporan Perkembangan Keuangan Syariah 2017, 302.

Rahmawati, T. (2016). Analisis Pengaruh Premi, Dana Tabarru’, Klaim Dan Likuiditas Terhadap Solvabilitas Dana Perusahaan Asuransi Jiwa Syariah Di Indonesia (Periode 2014-2016) Titis.

Shiu, Y. M. (2005). The determinants of solvency in the United Kingdom life insurance market. Applied Economics Letters, 12 (6), 339–344.

https://doi.org/10.1080/13504850500092640

Tarigan, A. P. K., & Mahfud, M. K. (2015). Analisis Pengaruh Kemampuan Membayar Klaim, Profitabilitas, Risiko Underwriting, Dan Reasuransi Terhadap Solvabilitas Perusahaan Asuransi (Studi Pada Perusahaan Asuransi Yang Terdaftar di Bursa Efek Indonesia Periode 2008-2013. Diponegoro Journal of Management, 4, 1–13. Retrieved from

http://ejournal-s1.undip.ac.id/index.php/dbr

Utami, E. P., & Khoiruddin, M. (2016). Pengaruh Rasio Keuangan Early Warning System Terhadap Tingkat Solvabilitas Perusahaan Asuransi Jiwa Syraiah Periode 2010-2013. Management Analysis Journal, 5 (1), 56–63. Retrieved from http://maj.unnes.ac.id




DOI: https://doi.org/10.18860/ed.v8i1.8033

Refbacks

  • There are currently no refbacks.




Editorial Office:
Megawati Soekarnoputri Building
Faculty of Economics
E-mail: eldinar@uin-malang.ac.id
Universitas Islam Negeri Maulana Malik Ibrahim Malang

E-ISSN 2622-0083 

Creative Commons License
El Dinar under a CC BY SA 4.0 International License.

Member of:

 

Indexed By:

 

 



View My Stats

 

Flag Counter