TY - JOUR
T1 - Determinants of sharia life insurance productivity in Indonesia
AU - Sukmaningrum, Puji Sucia
AU - Hendratmi, Achsania
AU - Shukor, Syadiyah binti Abdul
AU - Putri, Mutiara Ramadhani
AU - Gusti, Rosin Putra
N1 - Publisher Copyright:
© 2023 The Authors
PY - 2023/6
Y1 - 2023/6
N2 - This study examines the productivity and factors influencing the productivity of Sharia-compliant life insurance businesses in Indonesia over six years, from 2014 to 2019. A Two-Stage Malmquist Productivity Index was utilized. The first stage examined productivity using the Malmquist Productivity Index (MPI) method, while the second used the panel data regression method to identify the factors influencing productivity. This research can give insurance management an overview of its productivity levels and the factors affecting productivity. According to the results of the MPI, Islamic life insurance businesses in Indonesia have not yet achieved productivity. The insignificance of technological advancements causes it. The variables of solvency, interest rate, inflation, currency rate, and production index substantially impact Sharia-compliant life insurance companies' productivity. Businesses must be aware of the elements that influence their level of production.
AB - This study examines the productivity and factors influencing the productivity of Sharia-compliant life insurance businesses in Indonesia over six years, from 2014 to 2019. A Two-Stage Malmquist Productivity Index was utilized. The first stage examined productivity using the Malmquist Productivity Index (MPI) method, while the second used the panel data regression method to identify the factors influencing productivity. This research can give insurance management an overview of its productivity levels and the factors affecting productivity. According to the results of the MPI, Islamic life insurance businesses in Indonesia have not yet achieved productivity. The insignificance of technological advancements causes it. The variables of solvency, interest rate, inflation, currency rate, and production index substantially impact Sharia-compliant life insurance companies' productivity. Businesses must be aware of the elements that influence their level of production.
KW - Life insurance
KW - Productivity
KW - Sharia insurance
KW - Takaful
KW - Total factor productivity
KW - Two-Stage Malmquist Productivity Index
UR - http://www.scopus.com/inward/record.url?scp=85160099997&partnerID=8YFLogxK
U2 - 10.1016/j.heliyon.2023.e16605
DO - 10.1016/j.heliyon.2023.e16605
M3 - Article
AN - SCOPUS:85160099997
SN - 2405-8440
VL - 9
JO - Heliyon
JF - Heliyon
IS - 6
M1 - e16605
ER -
