Determinants of the Performance of Insurance Companies in Tunisia

Abdelkader Derbali; Lamia Jamel

doi:10.30560/rfm.v1n1p1

Abdelkader Derbali Community College, Taibah University, Saudi Arabia
Lamia Jamel College of Business Administration, Taibah University, Saudi Arabia

DOI: https://doi.org/10.30560/rfm.v1n1p1

Keywords: financial performance, performance determinants, Tunisian insurance companies

Abstract

This article aims to study the determinants of performance of Tunisian insurance companies for the period from 2002 to 2018 using the panel data method. The variables used are microeconomic and macroeconomic. Our results conclude that the determinants of the performance of Tunisian insurance companies are the capital structure, solvency, risk capital management, premium growth, volume of capital, age of the firm and financial investments.

References

Berger A. N., & Humphrey, D. B. (1991). The dominance of inefficiencies over scale and product mix economies in banking. Journal of Monetary Economics, 28. https://doi.org/10.1016/0304-3932(91)90027-L
Berger. A, H., & Humphrey, D. (1987). Competitive viability in banking: Scale, scope and product mix economies. Journal of Monetary Economics, 20. https://doi.org/10.1016/0304-3932(87)90039-0
Biener, C., & Wirfs, J. (2016). The determinants of efficiency and productivity in the Swiss insurance industry. European Journal of Operational Research, 248. https://doi.org/10.1016/j.ejor.2015.07.055
Charumathi, B. (2012). On the Determinants of Profitability of Indian Life Insurers – An Empirical Study. Proceedings of the World Congress on Engineering, London, U.K.
Cho, D. (1988). Measuring scale economies of the insurance industry: An analysis of multiple regression models. Journal of insurance issues and practices, 11.
Eling, M., & Luhnen, M. (2010). Efficiency in the international insurance industry: Across-country comparison. Journal of Banking and Finance, 34(7). https://doi.org/10.1016/j.jbankfin.2009.08.026
Ferrier, G. D., & Lovell, C. (1990). Measuring Cost Efficiency in Banking – Econometric and Linear – Programming Evidence. Journal of Econometrics, 4, 229-245. https://doi.org/10.1016/0304-4076(90)90057-Z
Kumari, T. H (2013). Performance Evaluation of Indian Life Insurance Industry in Post Liberalization. International Journal of Social Sciences Arts and Humanities, 1.
Malik, H. (2011). Determinants of insurance compagnies profitability: An anlysis of insurance sector of Pakistan. Academic Research International, 1(3).
Molyneux, P., & Thornton, J. (1992). Determinants of european bank profitability: A note. Journal of banking and finance, 16. https://doi.org/10.1016/0378-4266(92)90065-8
Mwangi, M., & Cyrus, I. (2014). Determinants of Financial Performance of General Insurance Underwriters in Kenya. International Journal of Business and Social Science, 5(13).
Mwangi, M., & Murigu, J. (2015). The determinants of financial performance in general insurance compagnies in Kenya. European Scientific Journal, 11(1).
Neelaveni, V. (2012). Financial Performance of Life Insurance Companies and Products. Zenith International Journal.
Wabita, F. M. (2013). Determinants of Financial Performance of Insurance Companies in Kenya. University of Nairobi unpublished Master of Science in Finance project.
William, G., Zikmund, B. J., Babin, J. C., & Carr, G. (2010). Research Business Methods (8th ed). Canada.
Yuengert, A. M. (1993). The measurement of life insurance: Estimates of a mixed normal-gamma error model. Journal of Banking and Finance, 17(2–3). https://doi.org/10.1016/0378-4266(93)90047-H