Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry
Sharia Financing Life Insurance is an insurance that must be followed by every participant related to financing in a financing transaction in sharia banking and Sharia People's Financing Bank to anticipate the occurrence of non-performing financing caused by t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of National and World Economy, Institute for Economics and Politics
2021-12-01
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| Series: | Finance, Accounting and Business Analysis |
| Subjects: | |
| Online Access: | http://faba.bg/index.php/faba/article/view/101 |
| _version_ | 1827168392379891712 |
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| author | Reza Ronaldo Yul Maulini |
| author_facet | Reza Ronaldo Yul Maulini |
| author_sort | Reza Ronaldo |
| collection | DOAJ |
| description | Sharia Financing Life Insurance is an insurance that must be followed by every participant related to financing in a financing transaction in sharia banking and Sharia People's Financing Bank to anticipate the occurrence of non-performing financing caused by the customer's death due to illness or accident. However, the high claims of Sharia financing life insurance since 2016-2020 have resulted in an increase in claim reserves and high reinsurance premiums for sharia financing life insurance products as the background for writing this article. The research method used is a comparative phenomenon method by comparing factual phenomena to the variables studied. The impact of sharia financing life insurance products on the performance of Islamic Banking and Rural Banks has a positive impact, as evidenced by the increased claim payments from 2016-2020 and the relatively small non-performing bank loans, but had a negative impact on Sharia Insurance and Reinsurance. the increase in claims reserves and high reinsurance rates will burden customers. We advise Sharia Insurance companies that experience losses to temporarily stop selling these products with Shifting Business or carry out risk selection on age and occupation, while Sharia Insurance Companies that have a good Loss Ratio can apply stop losses the business if claim above 70% for more safety. |
| first_indexed | 2024-04-09T21:14:51Z |
| format | Article |
| id | doaj.art-2292cbb4fd854040ba1c3955c40dbdc7 |
| institution | Directory Open Access Journal |
| issn | 2603-5324 |
| language | English |
| last_indexed | 2025-03-21T02:19:27Z |
| publishDate | 2021-12-01 |
| publisher | University of National and World Economy, Institute for Economics and Politics |
| record_format | Article |
| series | Finance, Accounting and Business Analysis |
| spelling | doaj.art-2292cbb4fd854040ba1c3955c40dbdc72024-08-02T16:13:36ZengUniversity of National and World Economy, Institute for Economics and PoliticsFinance, Accounting and Business Analysis2603-53242021-12-0132159170Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance IndustryReza Ronaldo0Yul Maulini1STEBI Lampung, IndonesiaSTEBI Lampung, IndonesiaSharia Financing Life Insurance is an insurance that must be followed by every participant related to financing in a financing transaction in sharia banking and Sharia People's Financing Bank to anticipate the occurrence of non-performing financing caused by the customer's death due to illness or accident. However, the high claims of Sharia financing life insurance since 2016-2020 have resulted in an increase in claim reserves and high reinsurance premiums for sharia financing life insurance products as the background for writing this article. The research method used is a comparative phenomenon method by comparing factual phenomena to the variables studied. The impact of sharia financing life insurance products on the performance of Islamic Banking and Rural Banks has a positive impact, as evidenced by the increased claim payments from 2016-2020 and the relatively small non-performing bank loans, but had a negative impact on Sharia Insurance and Reinsurance. the increase in claims reserves and high reinsurance rates will burden customers. We advise Sharia Insurance companies that experience losses to temporarily stop selling these products with Shifting Business or carry out risk selection on age and occupation, while Sharia Insurance Companies that have a good Loss Ratio can apply stop losses the business if claim above 70% for more safety.http://faba.bg/index.php/faba/article/view/101sharia financing life insurancesharia banking performancebprssharia insurance industry |
| spellingShingle | Reza Ronaldo Yul Maulini Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry Finance, Accounting and Business Analysis sharia financing life insurance sharia banking performance bprs sharia insurance industry |
| title | Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry |
| title_full | Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry |
| title_fullStr | Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry |
| title_full_unstemmed | Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry |
| title_short | Impact of Sharia Financing Life Insurance Products on Sharia Banking Performance and Sharia Insurance Industry |
| title_sort | impact of sharia financing life insurance products on sharia banking performance and sharia insurance industry |
| topic | sharia financing life insurance sharia banking performance bprs sharia insurance industry |
| url | http://faba.bg/index.php/faba/article/view/101 |
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