Determinants of sharia life insurance productivity in Indonesia

Puji Sucia Sukmaningrum, Achsania Hendratmi, Syadiyah binti Abdul Shukor, Mutiara Ramadhani Putri, Rosin Putra Gusti

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


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.

Original languageEnglish
Article numbere16605
Issue number6
Publication statusPublished - Jun 2023


  • Life insurance
  • Productivity
  • Sharia insurance
  • Takaful
  • Total factor productivity
  • Two-Stage Malmquist Productivity Index


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