Staff View: Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]

Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]

Insurance industry played important roles in world especially in well-developed countries. Takaful which has been getting on-going popularity in insurance sector must maintain good market growth. Thus, this study aimed to assess the financial performance of Takaful operators through Claim Ratio, Ris...

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Main Authors:	Kamaruddin, Nur Amalina Syafiqa, Ishak, Norizarina, Hamzah, Siti Raihana, Abdul Halim, Nurfadhlina, Nurullah Rasade, Ahmad Fadhly
Format:	Conference or Workshop Item
Language:	English
Published:	2021
Subjects:	Insurance Health insurance
Online Access:	https://ir.uitm.edu.my/id/eprint/56234/1/56234.pdf https://ir.uitm.edu.my/id/eprint/56234/
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id	my.uitm.ir.56234
record_format	eprints
spelling	my.uitm.ir.562342022-09-22T00:15:19Z https://ir.uitm.edu.my/id/eprint/56234/ Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.] Kamaruddin, Nur Amalina Syafiqa Ishak, Norizarina Hamzah, Siti Raihana Abdul Halim, Nurfadhlina Nurullah Rasade, Ahmad Fadhly Insurance Health insurance Insurance industry played important roles in world especially in well-developed countries. Takaful which has been getting on-going popularity in insurance sector must maintain good market growth. Thus, this study aimed to assess the financial performance of Takaful operators through Claim Ratio, Risk-Based Capital (RBC) and Intellectual Capital. The study was conducted using panel data set of 15 listed Takaful operators in Malaysia over the period 2015-2019, taken from the operators’ audited financial statements. The results were obtained by computing Claim Ratio, minimum capital level required in RBC and the Value-Added Intellectual Capital (VAIC) score. The result of Claim Ratio showed that family takaful fund has higher Claim Ratio which indicated low profit as compared to general takaful fund. The RBC result also supported that the general takaful performed better than most of family takaful by fulfilled the supervisory target capital level of 130% as required by Bank Negara Malaysia (BNM). As for VAIC score, most of the Takaful operators showed positive VAIC scores which mean they able to fully utilized company’s resources that lead to an out-standing management leader stewardship. This study further assists Takaful operators to incorporate the Intellectual Capital method for better improvement in assessing their future performance. 2021 Conference or Workshop Item PeerReviewed text en https://ir.uitm.edu.my/id/eprint/56234/1/56234.pdf Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]. (2021) In: e-Proceedings of the 5th International Conference on Computing, Mathematics and Statistics (iCMS 2021), 4-5 August 2021.
institution	Universiti Teknologi Mara
building	Tun Abdul Razak Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Teknologi Mara
content_source	UiTM Institutional Repository
url_provider	http://ir.uitm.edu.my/
language	English
topic	Insurance Health insurance
spellingShingle	Insurance Health insurance Kamaruddin, Nur Amalina Syafiqa Ishak, Norizarina Hamzah, Siti Raihana Abdul Halim, Nurfadhlina Nurullah Rasade, Ahmad Fadhly Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]
description	Insurance industry played important roles in world especially in well-developed countries. Takaful which has been getting on-going popularity in insurance sector must maintain good market growth. Thus, this study aimed to assess the financial performance of Takaful operators through Claim Ratio, Risk-Based Capital (RBC) and Intellectual Capital. The study was conducted using panel data set of 15 listed Takaful operators in Malaysia over the period 2015-2019, taken from the operators’ audited financial statements. The results were obtained by computing Claim Ratio, minimum capital level required in RBC and the Value-Added Intellectual Capital (VAIC) score. The result of Claim Ratio showed that family takaful fund has higher Claim Ratio which indicated low profit as compared to general takaful fund. The RBC result also supported that the general takaful performed better than most of family takaful by fulfilled the supervisory target capital level of 130% as required by Bank Negara Malaysia (BNM). As for VAIC score, most of the Takaful operators showed positive VAIC scores which mean they able to fully utilized company’s resources that lead to an out-standing management leader stewardship. This study further assists Takaful operators to incorporate the Intellectual Capital method for better improvement in assessing their future performance.
format	Conference or Workshop Item
author	Kamaruddin, Nur Amalina Syafiqa Ishak, Norizarina Hamzah, Siti Raihana Abdul Halim, Nurfadhlina Nurullah Rasade, Ahmad Fadhly
author_facet	Kamaruddin, Nur Amalina Syafiqa Ishak, Norizarina Hamzah, Siti Raihana Abdul Halim, Nurfadhlina Nurullah Rasade, Ahmad Fadhly
author_sort	Kamaruddin, Nur Amalina Syafiqa
title	Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]
title_short	Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]
title_full	Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]
title_fullStr	Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]
title_full_unstemmed	Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]
title_sort	analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in malaysia / nur amalina syafiqa kamaruddin ... [et al.]
publishDate	2021
url	https://ir.uitm.edu.my/id/eprint/56234/1/56234.pdf https://ir.uitm.edu.my/id/eprint/56234/
_version_	1744651610257096704
score	13.211869

Analysis of claim ratio, risk-based capital and value-added intellectual capital: a comparison between family and general takaful operators in Malaysia / Nur Amalina Syafiqa Kamaruddin ... [et al.]

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