PT Asuransi Research Articles

Analisis Penilaian Kesehatan Keuangan Lembaga Penjamin Dengan Menggunakan Surat Edaran OJK Nomor 18/SEOJK.05/2018

This study aims to analyze the financial health of. the Sharia Guarantee Institution for the period 2014 to 2018 using liquidity ratio analysis, Gearing Ratio, and Profitability using analysis techniques of the Health Level of the Guarantee Company Financial Institution based on theIRegulationIof the Financial Services Authority (SAL SEOJK) Number 18 /SEOJK.05/2018. This research is a descriptive research type, which describes the financial performance of PT Asuransi Jamkrindo Syariah and PT Penjaminan Jamkrindo Syariah. The data research method used in this research. is the documentation method. The type of data used in the research is secondary data, which is obtained from the annual financial reports of PT Asuransi Jamkrindo Syariah and PT Penjaminan Jamkrindo Syariah for the period 2014 to 2018. The results obtained in this study are the level of health at PT Asuransi Askrindo Syariah and PT Penjaminan Jamkrindo. This Sharia falls into a fairly healthy category for five years. Whereas for 2014, PT Penjaminan Jamkrindo Syariah received an unhealthy category level. This is supported by the results of research on 1) the gearing ratio of the two companies that received a very poor category for five years period 2) the performance in the liquidity ratio shows that PT Penjaminan Jamkrindo Syariah received a very poor category in the first two years of the period while PT Asuransi Asuransi Askrindo Syariah received very good category value in five years period 3) the profitability ratio of the two companies, PT Penjaminan Jamkrindo Syariah got a pretty good category in 2014 and got a very good category in the following year period, PT Asuransi Askrindo Syariah got a good category score in 2017 while the other period of the year gets very good category.

Technology Acceptance Model (TAM) for Evaluating Acceptance Pega Application at PT. Sinar Mas Insurance Policy Services Division

This study describes and predicts how users accept the implemented technology. This research uses a qualitative method approach. Data collection was carried out by interviewing three employees of the Policy Services Division of PT Asuransi Sinar Mas. Researchers researched in March 2020. The data obtained were then processed through data reduction, data presentation, and description conclusions. The results showed that employees in the company could accept technology because they perceive ease of use and usability. The emergence of a positive attitude towards the use of technology impacts the high interest in technology use behavior to increase the actual use of technology. The positive attitude of users towards technology is indicated by the satisfaction of using technology from employees. Researchers can measure technology acceptance based on perceived ease of use, perceived usefulness, attitudes of using technology, interest in behavior using technology, and actual behavior using technology. It is necessary to improve the actual conduct of employees using technology that can improve company performance.

Scoring the financial distress and the financial statement fraud of Garuda Indonesia with «DDCC» as the financial solutions

PurposePT Garuda Indonesia (GIAA) Persero Tbk is the one only pride airline of Indonesian sovereignty. Although the bird achieved abundant international awards and certifications, the bird is dying and needs a remedy immediately. The frequent annual turnover of board executives did not make impact to the financial performance; this seems to be tip of the iceberg, peculiar with the number of restatement over the past decade. Therefore, this paper aims to address the issue through the function of five red flags model which known as Altman Z-score, Sprigate S-score, Grover G-score, Beneish M-score and Dechow F-score.Design/methodology/approachThis is exploratory study of univariate analysis using financial distress and fraudulent financial statement approach, while the type of data is secondary taken from Indonesia Stock Exchange during 12 years observation from 2007 to 2018.FindingsAltman, Springate and Grover produce strong indication of GIAA’s financial distress; all models score the same distress indication by 14 times. All distress models agreed that only 2011 and 2012 classify to the safe zone when GIAA performed the corporate actions. Beneish scores fraud indication by eight times. Dechow scores slightly higher by nine times. The number of fraud predictions in this research are in line with the number of restatement, which proves the assumption that restatement can be used as a signal of the financial statement fraud. When GIAA categorized in safe zone, both Beneish and Dechow score no to fraud, this indicates the fraud occurence during health period is lower.Research limitations/implicationsThe motivation behind the financial statement fraud is not discuss through this research but from the primary theory of the fraud triangle. Financial distress possesses strong relationship with pressure factor; therefore, exit from financial crisis is one of the best solution to mitigate the financial statement fraud.Practical implicationsThe average of Beneish score is −2,26, slightly above the manipulator threshold which is −2,22. This must be marked as an ample conjecture of GIAA’s fraud inclination and been a highlight for the auditor both internal and external when performing control testing, attestation and other assurance services.Social implicationsAll models in this study can apply to any other corporate issues, especially for evaluating the government company who has loosen the public trust recently in Indonesia such as PT Asuransi Jiwasraya and PT Asabri. Moreover, the pandemic COVID-19 has brought the world to the new unprecedented risk, especially the economic turmoil which lead the possibilities of corporate distress and fraud. By applying these scores, public might have tools as pre-elemenary assessment to serve a decision where to put trust in a company.Originality/valueThis paper reveals a combination from various models of financial distress and financial statement fraud in order to generate the financial solutions named « DDCC » Debt Restructuring, Debt Conversion, Capex Management and Cost Cutting.

Pengaruh Karakteristik Pasien 4 Diagnosis Penyakit Rawat Inap dengan Biaya Tertinggi di PT Asuransi ABC Terhadap Biaya Rawat Inap Berdasarkan Data Klaim

PT Asuransi ABC in collaboration with 68 companies, consists of 34960 participants, of which there are 1731 participants who filed claims. This study uses secondary data period July 1, 2013 - 30 September 2014. This study focused on inpatient claims, where there are 4 burdensome disease diagnosis PT Asuransi ABC at a high cost, those are coronary atrial diseases, chronic renal failure, typhoid fever, dengue haemorrhagic fever. Multiple correspondence analysis method is used to find the characteristics of each patient's disease diagnosis as well as the tendency of the characteristics of the patients in the cost of hospitalization . From the research, there are differences in patient characteristics between the disease and also the trend in the cost of hospitalization . Furthermore, the multiple linear regression analysis of patient characteristics influence on the cost of hospitalization . From the results of research only typhoid disease hospitalization costs are influenced by patient characteristics .

Perbandingan Kinerja Keuangan Perusahaan Asuransi Syariah Berdasarkan Early Warning System dan Risk-Based Capital pada PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk Sebelum dan Sesudah Go Public

The sharia insurance industry in 2019 experienced a slowdown, as seen from the indicators of assets, contributions and gross claims. In the sharia insurance industry, the only company that has gone public is PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk. This study aims to determine how the company's financial performance is, and to find out whether there are differences in the company's financial performance before and after going public for the 2015-2019 period. The research method used is financial ratio analysis using the Early Warning System (EWS) and Risk Based Capital (RBC) methods. The data analysis method used is a comparative descriptive analysis with a quantitative approach. The results showed that the company's financial performance after going public did not improve significantly.

The influence of Motivation and Competency toward Agent’s Performance as Sales Distributor at PT Asuransi Allianz Utama Indonesia Semarang Branch

This research aims to study the influence of motivation and competency toward agent’s performance at PT Asuransi Allianz Utama Indonesia Semarang Branch.. The methods of data collection used in this study were literature studies, interview and questionnaires with 65 samples. The research analysis shows that both motivation and competency has significant and positive effect on agent’s performance partially and simultaneously. The value of t count in motivation was greater than t table (3.053 > 1.99897) with significant value 0.003 < 0.05 and the value of t count in competence was also greater than t table (4.832 > 1.99897) with significant value of 0.00. The F test stated that both motivation and competency simultaneously had a significant effect on agent’s performance. It was indicated with significant value of 0.000 < 0.05 and the value of F count > F table (73.911 > 3.140). This study concludes motivation and competency is able to contribute on agent’s performance by 69.5% and the remaining of 30.5% is influenced by other variables not examined in this research

The influence of Premium Insurance and Sales Distribution Method on Customer Buying Decision (A case study at PT Asuransi Allianz Utama Indonesia Semarang Branch)

This research aims to explain the influence of premium insurance and sales distribution method on customer buying decision of marine insurance in PT Asuransi Allianz Utama Indonesia Semarang Branch. The independent variables used in this study were premium insurance and sales distribution method, while the dependent variable was customer buying decision. The methods of data collection used in this study were literature studies and questionnaires with 38 samples. The analysis results from this research showed that both premium insurance and sales distribution method had significant and positive effect on customer buying decision partially and stimulously. The value of t count in premium insurance was greater than t table (2.564 > 2.03011) with significant value 0.015 < 0.05 and the value of t count in sales distribution method was also greater than t table (5.140 > 2.03011) with significant value of 0.00. The F test stated that both premium insurance and sales distribution method simultaneously had a significant effect on customer buying decision. It was indicated with significant value of 0.000 < 0.05 and the value of F count > F table (36.225 > 4.110). This study shows premium insurance and sales distribution methood were able to contribute on customer buying decision by 67.4% and the remaining 32.6% influenced by other variables not examined in this research.

Effect of Internal Audit Against Fraud Prevention

This study aims to determine the effect of internal audit on fraud prevention. The object of this research was conducted at PT Asuransi Jasa Indonesia.This type of research is quantitative research. The population in this study amounted to 30 people. The data collected is by distributing questionnaires with correlation data analysis, coefficient of determination, and hypothesis testing t. This study uses SPSS 22 tools for windows. that the implementation of internal audit at PT Asuransi Jasa Indonesia is good enough. In addition, the results of the correlation test indicate that the application of internal audit at PT. Indonesian Insurance Services are quite strong. Hypothesis test results also indicate that internal audit affects fraud prevention at PT Asuransi Jasa Indonesia (fraud)

Application of Islamic Work Ethics to Employees at PT Asuransi Takaful Umum (Case Study: Head Office Jakarta)

Work is natural and at the same time one of the human identities, so that work based on the principles of faith and tawhid, not only shows the nature of a Muslim but also elevates the dignity as a servant of Allah SWT. PT Asuransi Takaful Umum was founded by law that is based on the Al - Qur'an and Hadith, as well as the Law with the applicable regulations. The research method used to support this research is quantitative research. Accompanied by the use of observation and interview methods as well as library engineering research methods. The number of respondents used in this study was 50 employees with 10 of them being leaders. This research is also calculated using the Likert scale as the calculation tool used so that the variables are translated into variable indicators and then these variable indicators are used to become a reference for preparing questions. Respondents will determine their level of agreement with the questions asked by selecting the questions that have been provided. The results showed that PT Asuransi Takaful Umum has implemented Islamic work ethics by existing regulations in the company. The application of Islamic work ethics is seen from the 5 dimensions used, namely Itqan, Hafidzun Alim, Amanah, Al-Kayis, Al-Qawiy, and has been implemented. With a conducive working atmosphere, the relationship between employees and directors is carried out well so that unwanted things can be controlled.

IMPLEMENTASI MANAJEMEN RISIKO UNDERWRITING PADA PT ASURANSI JASINDO SYARIAH

This study purpose to how the risk management process in PT Asuransi Jasindo Syariah with a case study of vehicle insurance class of business. This research uses a qualitative approach with a descriptive case study strategic. The research data was obtained through primary data in the form of interviews and secondary data. The selection of informants in interviews through snowball sampling techniques and secondary data obtained from supporting data in the form of archives, reports and relevant document and literature reviews related to research. The results of this study indicate that PT Asuransi Jasindo Syariah has a significant role in the process of underwriting risk management, especially in vehicle insurance product, which have the highest loss ratio among other products. The underwriting risk management process carried out by PT Asuransi Jasindo Syariah is risk identification, risk measurement, risk monitoring, and risk control.Keywords: risk management, underwriting, syariah insurance

PREDIKSI KEBANGKRUTAN PT ASURANSI JIWASRAYA DAN PT PRUDENTIAL LIFE INSURANCE : APLIKASI METODE ALTMAN Z-SCORE

Insurance companies are non-bank financial institutions engaged in services to overcome the risks that will occur in the future so that it is expected not to go bankrupt. The purpose of this study was to compare the potential bankruptcy of PT Asuransi Jiwasraya and PT Prudential Life Insurance for the period 2010 to 2017 using the Altman Z-Score method. Bankruptcy itself is a condition in which a company does not have sufficient funds to run its business again. The initial symptoms of bankruptcy are financial distress, which is characterized by uncertainty about the company's profitability in the future. Based on the research results of PT Asuransi Jiwasraya in 2010, 2011, 2012, 2015 and 2016 are in the gray zone or have the potential to go bankrupt. In 2013, 2014 and 2017 were in danger zones or bankrupt companies. While the results of research at PT Prudential Life Insurance show during the period 2010-2017 included in the gray zone or the potential for bankruptcy.

Implementasi Etika Bisnis Islam dalam Strategi Promosi Produk Asuransi Takaful

Asuransi Takaful is a company that engages in risk insurance services. In its operation, the company does not engage in forbidden businesses. However, the strategies in promoting the products may violate Islamic business ethics. This study is conducted to examine the implementation of the Islamic business ethics concept in promotion strategies at PT Asuransi Takaful of Banda Aceh Branch. This research is field research using a descriptive qualitative approach. The Finding shows that PT. Asuransi Takaful has implemented tawḥid, ‘adl, ikhtiyār, farḍ, and iḥsān in the promotion strategies.

Penerapan Business Judgement Rules Dalam Badan Usaha Milik Negara Studi Kasus PT Asuransi Jiwasraya

In the case of PT Asuransi Jiwasraya, the company’s management decision caused the company to suffer a loss. To prove whether the Business Judgement Rulr can be used to protect the decisions that have been made, surely it must proven first: how the decision process is made, both from the legal aspects of the company and the criteria for the Business Judgement Rule.

ASURANSI JIWA DAN PEMBAYARAN SANTUNAN

PT Asuransi Jasa Raharja is a state-owned company engaged in insurance, which is included in the social insurance group. Provisions regarding the provision of compensation and compensation are regulated in Law Number 33 of 1964 concerning Obligations for Passenger Accident Compulsory Funds, the Implementation Regulations are set out in PP Number 17 of 1965. The public tends not to know about the conditions for submitting compensation payment claims, i.e. by filling out the questionnaire form. A form for obtaining financial support is provided by PT. Jasa Raharja Insurance, which contains: 1 information on the identity of the victim / heir, filled in who submitted compensation funds, 2) information on the traffic accident filled and authorized by the police, 3) information on the health / condition of the victim, filled by the hospital / doctor who treated victim, 4). If the victim dies about the validity of the heirs filled in by government employees / lurah / camat PT Asuransi Jasa Raharja will examine all the requirements and then process them, if the residence of the victim / heir is the same as the area where the accident occur and also the working area of the PT Asuransi Jasa Raharja branch then the request for insurance compensation will be served and completed at the same time by the relevant branch office, but vice versa if the place / area where the accident occurred is different from the working area of PT Asuransi Jasa Raharja, the request for rights to compensation can be submitted to the branch office ter close.

Evaluasi Penerapan Akuntansi Untuk Kontrak Asuransi Pada PT Asuransi AXA Indonesia

This study aims to analyze the application of financial accounting standards namely PSAK 62 (2015) regarding insurance contracts and PSAK 28 (2012) regarding loss insurance accounting at PT Asuransi AXA Indonesia, considering that PT Asuransi AXA Indonesia only provides services in the field of loss insurance excluding life insurance. This study uses qualitative methods with content analysis. The data used in this study is sourced from the official website of the relevant company, the data used as a sample are the financial statements of PT Asuransi AXA Indonesia from 2011 up to 2017. The analysis of this research was conducted on the presentation and disclosure of the company's financial statements adjusted to the provisions of accounting standards and applicable regulations. The results of this study indicate that PT Asuransi AXA Indonesia has implemented the recognition, measurement and presentation of premium income, claims and acquisition costs applied by those in accordance with PSAK 28 (2012) as well as PSAK 62 (2015).

DETERMINAN SOLVABILITAS DANA TABARRU’ PADA PERUSAHAAN ASURANSI SYARIAH DI INDONESIA

<p><strong><em>Abstract</em></strong></p><p><em>Solvency of tabarru’ funds can indicate a company's ability to pay obligations Islamic insurance claims payments to the participants or policyholders. Related to this, the Financial Services Authority has set a minimum limit of solvency margin tabarru’ funds which amounted to 30% which must be fulfilled by Islamic insurance companies. However, there are three Islamic insurance companies that have a solvency tabarru’ funds under the terms of at least 30%, such as PT Asuransi Astra Buana, Takaful Protection Jaya and PT Tugu Pratama Indonesia. The purpose of this study was to determine the effect of firm size, type of company, Retakaful premiums, investment, wealth available to qardh, and operating expenses to fund solvency tabarru on Islamic insurance company in Indonesia. The population in this study </em><em>was</em><em> Islamic insurance company over registered at the Financial Services Authority (OJK) in the year 2013-2018. By using purposive sampling techniques, sample end of the study amounted to 14 mining companies with 84 units of analysis. Meanwhile, </em><em>the </em><em>analysis us</em><em>ed </em><em>descriptive statistical analysis and panel regression analysis with Eviews 9. The results showed that the return on investment and wealth available to qardh positive and significant impact on the solvency of tabarru’ fund. Variable size of company, type of company, Retakaful premiums, and operating expenses partially </em><em>have </em><em>no effect on the solvency of the tabarru’ fund. </em></p>

Influence of Promotion Mix and Perceived Usefulness in Improving the Repurchase Intention of Linkaja Applications

The rapid development of internet technology can provide various facilities to access various activities from the internet. One of the activities that can be done from the internet is to make payments on a non-cash basis or commonly called an e-wallet. Linkaja is one of the e-wallets established by the merger of five State-Owned Enterprises in one platform, namely PT Telekomunikasi Seluler, Bank Mandiri, Bank Rakyat Indonesia, Bank Negara Indonesia, Bank Tabungan Negara, PT Pertamina and also PT Asuransi Jiwasraya. This study aims to determine the influence of promotion mix and benefits of perception in increasing re-use of linkaja applications for consumers in the city of bandung. The method of collecting data in this study is to use a questionnaire given to 115 respondents Linkaja users in the city of Bandung. The data analysis technique used is linear regression model. The results of the questionnaire were processed using the spss for windows version 25 program. The results of the study showed that the influence of the promotion mix variable on Linkaja e-wallet repurchase intention was 68.4% and for the influence of perceived usefulness variables on Linkaja e-wallet repurchase intention was 71.17%. Whereas for the simultaneous effect it was obtained the result of 51.4% and the remaining 49.6% was influenced by other factors.

THE INFLUENCE OF PREMIUM INCOME, UNDERWRITING AND INVESTMENT RESULTS ON PROFITS TOWARDS JOINT VENTURE GENERAL INSURANCE COMPANIES IN INDONESIA

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.

The Mediating Role of Satisfaction in the Relationship between Service Quality and Loyalty: Case Study in PT Asuransi XYZ Indonesia.

The objective of this study is to analyze the relationship of service quality on agents’ satisfaction, service quality on agents’ loyalty, and satisfaction on loyalty when they used the insurance portal XYZNet as a digital tools provided by PT Asuransi XYZ Indonesia for their agents’ to increase market share in retail business in Indonesia. Where the portal was facing the challenge of the low number of usage. This study used a quantitative approach, involved 100 respondents which have minimum five times using this portal as samples. The analysis technique used in this study is Partial Least Square (PLS) Structural Equation Modeling (SEM), with the help of SmartPLS version 3.2.8 software. The results indicated that service quality positively influenced agents’ satisfaction, satisfaction also positively influenced agents’ loyalty. However service quality did not significantly influenced agents’ loyalty. The finding also indicated that satisfaction was a significant variable that mediated the relationship between service quality and loyalty. The study gives positive impact to the future researchers to do similar study. Furthermore, the finding could help PT Asuransi XYZ Indonesia and insurance company in general to improve their service quality.

Analysis and Evaluation of EB Connect Portal in PT Asuransi Jiwa Sequis Financial by Using Technology Acceptance Model (TAM)

The research aims to analyze acceptance implementation factorsofEBConnect portal used in PT Asuransi Jiwa Sequis Financial. EB Connect is a web portal to support business activities, particularly sales process. The method used is the Technology Acceptance Model (TAM), which will be inserted to SmartPLS to help the calculation. Analysis based on the users’ survey resulted measurements of each indicators of the TAM model. The study identified insignicant factors within TAM that alters actual use of the system, which are External Variables to Perceived Ease of Use (E), Perceived Ease of Use (E) to Perceived Usefulness (U), Perceived Ease of Use (U) to Attitude Toward Using (A), Attitude Toward Using (A) to Behavioral Intention to Use (BI) and Behavioral Intention to Use (BI) to Actual System Use. Meanwhile, there are insignificant relation which are External Variables to Perceived Usefulness (U), Perceived Usefulness (U) to Behavioral Intention to Use (BI) and Perceived Ease of Use (E) to Attitude Toward Using (A). The study found the problems causing the insignificant relationare due to product sold within the portal does not meet user requirements, lack of user socialization and training to use the portal, and server problems.