Abstract
The purpose of this research was to analyzed the influence of premium income, underwriting and investment returns on profits towards joint venture general insurance companies in Indonesia. The samples that were used was 8 joint venture general insurance companies with a purposive sampling technique, including: PT ACE Jaya Proteksi, PT Allianz Utama Indonesia's Insurance, PT AIG Insurance Indonesia, PT Mandiri Insurance AXA General Insurance, PT Asuransi MSIG Indonesia, PT Asuransi Sompo Japan Nipponkoa Indonesia, PT Asuransi Tokio Marine Indonesia and PT Asuransi QBE Pool Indonesia. The data used in this research were obtained from the 2011-2016 Indonesian insurance report. And The analysis technique which used in this research is panel data regression. The results of the research were using the fixed effect model found that premium income and underwriting results had a significant positive influences towards the profits of joint venture general insurance companies in Indonesia, while investment results showed no any effection towards its.
Highlights
The development of the insurance industry around the public at this time provides the concrete evidence about the benefits itself
While Rahmadi (2015) said that investment returns was determined by revenue sharing from deposits, profit on shares trades, rental income from buildings, and foreign exchange differences, interest income and dividends, where both interest income and dividends are recognized at the time of the transaction not by the time of receipt of cash
The results of this research are consistent with research whose conducted by Dhaniati (2011), Andriandini (2013), Dipoyanti (2014), Riani (2014) and Mutmainnah (2015). The results of this result opposited with research whose conducted by Fikri (2009) which states that premium income does not have a significant influence on insurance companies's profits
Summary
The development of the insurance industry around the public at this time provides the concrete evidence about the benefits itself. Alongside the Available Online: https://dinastirpub.org/DIJMS development of the business world, the insurance industry in Indonesia shows a very rapid growth, both general insurance and life insurance. This supported by the large of population in Indonesia, which provides great opportunity for the development of the insurance industry in future. Beside the fastest growth of population, the profit growth factor of each insurance company is seen as worth of concern, because the profit growth is increasing from year to year which is proving that insurance companies are positively accepted by the public. An Increased profit growth shows that people's interest in having insurance products. The growth of the insurance industry in Indonesia could be seen from the 2015 Indonesian Insurance data below
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