Manajemen Risiko Permodalan Perusahaan-Perusahaan Asuransi Jiwa di Indonesia
DOI:
https://doi.org/10.22437/jdm.v10i3.11535Abstract
Penelitian ini bertujuan untuk mengetahui pengaruh risiko investasi dan penjaminan emisi terhadap tingkat RBC perusahaan asuransi jiwa di Indonesia. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif, dengan teknik pengolahan data Ordinary Least Squares (OLS) dan Robust Least Squares (RLS). Penelitian ini menggunakan data statistik asuransi Indonesia dari Otoritas Jasa Keuangan (OJK) pada periode 2016 - Oktober 2020 di 50 perusahaan asuransi jiwa Indonesia sebagai sampel penelitian. Hasil dari penelitian ini menunjukkan bahwa pengaruh risiko investasi memiliki pengaruh yang signifikan dan berkorelasi positif terhadap RBC serta pengaruh risiko penjaminan emisi memiliki pengaruh yang signifikan dan berkorelasi negatif terhadap RBC. Penelitian ini dapat meningkatkan pemahaman tentang pentingnya bagi perusahaan asuransi untuk memperhatikan risiko investasi dan risiko penjaminan emisi yang berpengaruh terhadap RBC.
This study aims to determine the effect of investment risk and underwriting on the RBC level of life insurance companies in Indonesia. The method used in this research is quantitative method, with data processing techniques Ordinary Least Squares (OLS) and Robust Least Squares (RLS). This study uses statistical data on Indonesian insurance from Otoritas Jasa Keuangan (OJK) in the period 2016 - October 2020 in 50 Indonesia’s life insurance companies as the research sample. The results of this study indicate that the effect of investment risk has a significant and positive correlation to RBC and the effect of underwriting risk has a significant and negative correlation to RBC. This research can improve understanding of the importance for insurance companies to pay attention to investment risks and underwriting risks that affect RBC.
Downloads
References
CNN Indonesia. (2020). Lonjakan Drastis Kasus Corona pada Mei 2020. Diakses pada 31 Oktober 2020 dari https://www.cnnindonesia.com/nasional/20200601103545-20-508637/lonjakan-drastis-kasus-corona-pada-mei-2020
Cummins, J. D., & Sommer, D. W. (1996). Capital and risk in property-liability insurance markets. Journal of Banking and Finance,20(6), 1069–1092.
Dady, F., Ilat, V., Pontoh, W. (2017). Analisis sistem akuntansi dan prosedur pembayaran klaim jaminan kematian pada PT. taspen (persero) cabang manado. Jurnal Riset Akuntansi Going Concern, 12(1), 63-72.
Daftar-Perusahaan-Asuransi-Umum,-Jiwa,-Reasuransi,-Asuransi-Wajib-Dan-Asuransi-Sosial. (n.d.). Retrieved November 07, 2020, from https://www.ojk.go.id/id/kanal/iknb/berita-dan-kegiatan/publikasi/Pages/Daftar-Perusahaan-Asuransi-Umum,-Jiwa,-Reasuransi,-Asuransi-Wajib-Dan-Asuransi-Sosial.aspx
Detikcom, T. (n.d.). Kapan Sebenarnya Corona Pertama Kali Masuk RI? Retrieved November 29, 2020, from https://news.detik.com/berita/d-4991485/kapan-sebenarnya-corona-pertama-kali-masuk-ri
Djayadi, H., Adrianto, H., Arifian, D. (2018). The Model of Insurance Companies Risk Based Capital. International Journal of Economics and Financial Issues, 8(6), 61-64.
Effendi, J., Thiarany, U., Nursyamsiah, T. (2017). Factors influencing non-performing financing (NPF) at sharia banking. Walisongo: Jurnal Penelitian Sosial Keagamaan, 25(1), 109-120.
Fama, E.F., French, K.R. (2004). The capital asset pricing model: Theory and evidence. Journal of Economic Perspectives, 18(3), 25-46.
Hardwick, P. (1997). Measuring cost inefficiency in the UK life insurance industry. Applied Financial Economics, 7, 37–44.
Harrington SE., Nelson J. (1986). A regression-based methodology for solvency surveillance in the property liability insurance industry. Journal of Risk and Insurance, 53, 583–605.
Hastuti, R. (2020). Kacau! Gagal Bayar 5 Asuransi Ini Bikin Nasabah Teriak. Diakses pada 24 Oktober 2020 dari https://www.cnbcindonesia.com/market/20200816100319-17-180132/kacau-gagal-bayar-5-asuransi-ini-bikin-nasabah-teriak
Hu, J. L., Yu, H. E. (2014). Risk management in life insurance companies: Evidence from Taiwan. North American Journal of Economics and Finance, 29, 185-199.
Lehner, O.M. (2013). Crowdfunding social ventures: A model and research agenda. Venture Capital, 15(4), 289-311.
McAleer, M., Jimenez-Martin, J. A., & Perez-Amaral, T. (2013). Has the Basel Accord improved risk management during the global financial crisis? North American Journal of Economics and Finance, 26, 250–265.
Mousavi, S.M., Ghanbarabadi, M.B., Moghadam, N.B. (2012), The competitiveness of wind power compared to existing methods of electricity generation in Iran. Energy Policy, 42: 651-656.
OJK. (n.d.). Retrieved November 29, 2020, from https://www.ojk.go.id/id/kanal/iknb/data-dan-statistik/asuransi/default.aspx
OJK. (n.d.). Peraturan Otoritas Jasa Keuangan Nomor 1/POJK.05/2015 Tentang Penerapan Manajemen Risiko Bagi Lembaga Jasa Keuangan Non-Bank
Pottier SW., Sommer DW. (1999). Property-liability insurer financial strength ratings: differences across rating agencies. Journal of Risk and Insurance, 66, 621–642.
Rampini, A.A., Viswanathan, S. (2013). Collateral and capital structure. Journal of Financial Economics, 109, 466-492.
Setiawan, S. (2020, June 24). Pembayaran Klaim Asuransi Jiwa Naik 4,1 Persen di Kuartal I 2020. Retrieved November 29, 2020, from https://money.kompas.com/read/2020/06/24/195155126/pembayaran-klaim-asuransi-jiwa-naik-41-persen-di-kuartal-i-2020
Sidik, S. (2019, December 18). Skandal Jiwasraya: 98% Dana Dikelola Manajer Investasi Buruk! Retrieved November 29, 2020, from https://www.cnbcindonesia.com/market/20191218162511-17-124179/skandal-jiwasraya-98-dana-dikelola-manajer-investasi-buruk
Sidik, S. (2020, August 13). Duh Mirip Jiwasraya! Kresna Life Janjikan Imbalan Fixed 9,5%. Retrieved November 29, 2020, from https://www.cnbcindonesia.com/market/20200813143038-17-179577/duh-mirip-jiwasraya-kresna-life-janjikan-imbalan-fixed-95
Wetzel, W.E. (1983), Angels and informal risk capital. Sloan Management Review, 24(4), 23-34.
Zou, H., Wen, M., Yang, C., Wang, M. (2010). Underwriting and investment risks in the property-liability insurance industry: evidence prior to the 9–11 event. Review of Quantitative Finance and Accounting, 38(1), 25-46.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 1970 Andreas Krisvian
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.