Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/5527
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dc.contributor.authorMsomi, Thabiso Sthembisoen_US
dc.contributor.authorNzama, Smangeleen_US
dc.date.accessioned2024-09-18T12:39:53Z-
dc.date.available2024-09-18T12:39:53Z-
dc.date.issued2023-04-05-
dc.identifier.citationMsomi, T.S. and Nzama, S. 2023. Analyzing firm-specific factors affecting the financial performance of insurance companies in South Africa. Insurance Markets and Companies. 14(1): 8-21. doi:10.21511/ins.14(1).2023.02en_US
dc.identifier.issn2616-3551-
dc.identifier.issn2522-9591 (Online)-
dc.identifier.urihttps://hdl.handle.net/10321/5527-
dc.description.abstractThis study aims to investigate the effect that firm-specific factors have on the financial performance of South African insurance companies. This paper looked at the performance of 36 insurers that are publicly traded and have quantifiable markets from 2008 to 2019. The return on assets (ROA) was calculated as a function of the financial performance in this study. While the firm size, leverage ratio, premium growth rate, liquidity ratio, and tangibility of assets were examined as dependent factors using the panel data regression technique, the premium growth rate, liquidity ratio, and tangibility of assets were explored as independent variables. According to the findings of the regression analysis, other firm-specific factors, with the exception of leverage and liquidity ratios, do not have a statistically significant influence on the financial performance of South African insurance companies. A negative and insignificant association was discovered between premium growth rate and ROA at –0.0023 and tangibility of assets and ROA at –0.0113. There was a strong positive and significant relationship between liquidity ratio and ROA at 0.0927, while the size had a positive but insignificant relationship with ROA at 0.0039. Leverage ratio and ROA had a negative but significant relationship at –0.1512. This study suggests that the use of automated systems and insured techs will be advantageous in cutting costs associated with policyholder enrollment, claims agreement, and even easily achieved tailor-made policy initiatives.en_US
dc.format.extent15 pen_US
dc.language.isoenen_US
dc.publisherLLC CPC Business Perspectivesen_US
dc.relation.ispartofInsurance Markets and Companies; Vol. 14, Issue 1en_US
dc.subjectcompany sizeen_US
dc.subjecttangibility of assetsen_US
dc.subjectProfitabilityen_US
dc.subjectInsuranceen_US
dc.subjectROAen_US
dc.subjectRegression analysisen_US
dc.titleAnalyzing firm-specific factors affecting the financial performance of insurance companies in South Africaen_US
dc.typeArticleen_US
dc.date.updated2024-09-18T11:40:08Z-
dc.publisher.urihttp://dx.doi.org/10.21511/ins.14(1).2023.02en_US
dc.identifier.doi10.21511/ins.14(1).2023.02-
item.languageiso639-1en-
item.openairetypeArticle-
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Research Publications (Accounting and Informatics)
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