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Measuring the performance of insurance industry in Malaysia: Islamic vis-à-vis conventional insurance

Abduh, Muhamad and Omar, Mohd. Azmi and Mohd Tarmizi, Raudhah (2012) Measuring the performance of insurance industry in Malaysia: Islamic vis-à-vis conventional insurance. In: The 16th International Congress on Insurance: Mathematics and Economics (IME 2012), 28-30 June 2012, The University of Hong Kong.

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Abstract

The development of Islamic financial institutions is growing tremendously since the last three decades. However, many studies are focused more on the development and performance of banking and other financial markets and almost neglecting another specific and important sector, which is insurance. Thus, this study aims to measure the performance of Islamic insurance industry in Malaysia and compares them with their conventional counterpart. This study covers a three-year period, i.e. 2008 to 2010 and employs ratio analysis and data envelopment analysis to measure the performance of both industries. The findings show that insurance industry is more efficient than Takaful industry in both ratio analysis and data envelopment analysis.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 6777/25595
Uncontrolled Keywords: Insurance, takaful, performance, data envelopment analysis, ratio analysis
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics
H Social Sciences > HG Finance > HG8011 Insurance
Kulliyyahs/Centres/Divisions/Institutes: Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Muhamad Abduh
Date Deposited: 12 Sep 2012 09:12
Last Modified: 21 Oct 2012 12:07
URI: http://irep.iium.edu.my/id/eprint/25595

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