%0 Thesis
%9 Skripsi
%A Alfi Febriany, NIM.: 16830029
%B FAKULTAS EKONOMI DAN BISNIS ISLAM
%D 2022
%F digilib:50721
%I UIN SUNAN KALIJAGA YOGYAKARTA
%K Islamic Insurance (Takaful); makroekonomi; Malaysia; asuransi syariah
%P 176
%T FINANCIAL STABILITY AND ITS DETERMINANT OF ISLAMIC INSURANCE COMPANY, CASE STUDY INDONESIA VIS-A-VIS MALAYSIA
%U https://digilib.uin-suka.ac.id/id/eprint/50721/
%X This study examines the determinant factors of the financial stability of Islamic life insurance in Indonesia and Malaysia. The analysis covers Islamic life insurance companies or Takaful that operated in Indonesia and Malaysia from 2014 to 2019. The Z-score measures financial stability as the dependent variable. In contrast, the independent variables will be divided into insurance-specific factors (internal factor) and the country's economic scale (external factor). This research employs company-specific ratio analysis, such as return on equity (ROE), investment income ratio, reinsurance ratio, premium growth, and underwriting ratio as internal factors. The GDP growth, interest rate, and market share are the external factors to employ the country's economic scale. This study uses dummy regression to examine the difference between Malaysia and Indonesia insurance stability. Then, panel regression is used to understand the factors influencing Islamic insurance stability. This finding shows no difference in financial stability on Islamic life insurance in Indonesia and Malaysia. The findings reveal that the stability of Indonesia (significant at 0.1) and Malaysia (significant at 0.05) insurance companies is positively affected by return on equity (ROE). The reinsurance ratio plays an essential factor that negatively affects the stability of Islamic life insurance in Indonesia (significant at 0.05). Investment income has a positive effect on financial stability in Indonesia at a significant level of 0.1. The underwriting ratio has a significant negative impact at a 10% level in Indonesia Islamic life insurance stability. The interest rate also positively affects Indonesia Islamic life insurance stability at the 1% level.
%Z Pembimbing: Dr. Abdul Qoyum, S.E.I., M.Sc. Fin