The relevance of financial analysis in performance assessment: the case of an Algerian insurance company
Insurance companies are in a special position because of their ability to assess and mitigate the risks faced by their customers. They are susceptible to a series of uncertainties, given their role in protecting individuals, professionals, and businesses. By providing comprehensive coverage and assi...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
The Academic Research and Publishing UG (i. G.) (AR&P) LLC
2023-12-01
|
| Series: | SocioEconomic Challenges |
| Subjects: | |
| Online Access: | https://armgpublishing.com/wp-content/uploads/2023/12/SEC_4_2023_16.pdf |
| _version_ | 1797348214322495488 |
|---|---|
| author | Zaid Hizia |
| author_facet | Zaid Hizia |
| author_sort | Zaid Hizia |
| collection | DOAJ |
| description | Insurance companies are in a special position because of their ability to assess and mitigate the risks faced by their customers. They are susceptible to a series of uncertainties, given their role in protecting individuals, professionals, and businesses. By providing comprehensive coverage and assistance in the event of unforeseen events such as natural disasters, accidents, or loss of life, insurance companies play a vital role in providing financial assistance and mitigating the adverse effects of such events. Insurance companies play a vital role in the economy by providing financial assistance and mitigating the negative effects of unforeseen events. Financial performance indicators, such as financial ratio analysis to measure the health of the insurance company, are essential tools for assessing the financial stability and growth potential of insurance companies. This study found that SAA, the leader of the Algerian insurance market, had good financial performance from 2019 to 2021. Evaluating the financial performance of an insurance company was the objective of this research, with a particular focus on the case of SAAs from 2019 to 2021 by performing an analysis using the ratio method. The case of this study focused on the preparation of financial statements and the presentation of financial performance indicators of SAA, which is the leader of the Algerian insurance market. The results reveal that SAA demonstrated good financial performance over the three-year study period.SAA's financial analysis indicates that the company's financial structure is solid. This research contributes to the field of financial analysis, highlighting the advantages of using financial ratios to assess the financial performance of insurance companies. |
| first_indexed | 2024-03-08T12:01:30Z |
| format | Article |
| id | doaj.art-4da32f990ae34bf486f3d283a7524d72 |
| institution | Directory Open Access Journal |
| issn | 2520-6621 2520-6214 |
| language | English |
| last_indexed | 2024-03-08T12:01:30Z |
| publishDate | 2023-12-01 |
| publisher | The Academic Research and Publishing UG (i. G.) (AR&P) LLC |
| record_format | Article |
| series | SocioEconomic Challenges |
| spelling | doaj.art-4da32f990ae34bf486f3d283a7524d722024-01-23T18:43:46ZengThe Academic Research and Publishing UG (i. G.) (AR&P) LLCSocioEconomic Challenges2520-66212520-62142023-12-017419921010.61093/sec.7(4).199-210.2023The relevance of financial analysis in performance assessment: the case of an Algerian insurance companyZaid Hizia0https://orcid.org/0009-0006-3964-2176Pr, ENSSEA, Department of Finance and Actuarial Science, AlgeriaInsurance companies are in a special position because of their ability to assess and mitigate the risks faced by their customers. They are susceptible to a series of uncertainties, given their role in protecting individuals, professionals, and businesses. By providing comprehensive coverage and assistance in the event of unforeseen events such as natural disasters, accidents, or loss of life, insurance companies play a vital role in providing financial assistance and mitigating the adverse effects of such events. Insurance companies play a vital role in the economy by providing financial assistance and mitigating the negative effects of unforeseen events. Financial performance indicators, such as financial ratio analysis to measure the health of the insurance company, are essential tools for assessing the financial stability and growth potential of insurance companies. This study found that SAA, the leader of the Algerian insurance market, had good financial performance from 2019 to 2021. Evaluating the financial performance of an insurance company was the objective of this research, with a particular focus on the case of SAAs from 2019 to 2021 by performing an analysis using the ratio method. The case of this study focused on the preparation of financial statements and the presentation of financial performance indicators of SAA, which is the leader of the Algerian insurance market. The results reveal that SAA demonstrated good financial performance over the three-year study period.SAA's financial analysis indicates that the company's financial structure is solid. This research contributes to the field of financial analysis, highlighting the advantages of using financial ratios to assess the financial performance of insurance companies.https://armgpublishing.com/wp-content/uploads/2023/12/SEC_4_2023_16.pdffinancial performanceinsurance companyfinancial analysisfinancial healthsaa |
| spellingShingle | Zaid Hizia The relevance of financial analysis in performance assessment: the case of an Algerian insurance company SocioEconomic Challenges financial performance insurance company financial analysis financial health saa |
| title | The relevance of financial analysis in performance assessment: the case of an Algerian insurance company |
| title_full | The relevance of financial analysis in performance assessment: the case of an Algerian insurance company |
| title_fullStr | The relevance of financial analysis in performance assessment: the case of an Algerian insurance company |
| title_full_unstemmed | The relevance of financial analysis in performance assessment: the case of an Algerian insurance company |
| title_short | The relevance of financial analysis in performance assessment: the case of an Algerian insurance company |
| title_sort | relevance of financial analysis in performance assessment the case of an algerian insurance company |
| topic | financial performance insurance company financial analysis financial health saa |
| url | https://armgpublishing.com/wp-content/uploads/2023/12/SEC_4_2023_16.pdf |
| work_keys_str_mv | AT zaidhizia therelevanceoffinancialanalysisinperformanceassessmentthecaseofanalgerianinsurancecompany AT zaidhizia relevanceoffinancialanalysisinperformanceassessmentthecaseofanalgerianinsurancecompany |