Research Article
Analysis Early Warning System and Risk Based Capital PT Asuransi Jiwa Sinarmas MSIG Tbk
@INPROCEEDINGS{10.4108/eai.18-12-2023.2350224, author={Desi Susilawati and Alsadyla Alfat Taqwa and Resma Kurnia Turidho}, title={Analysis Early Warning System and Risk Based Capital PT Asuransi Jiwa Sinarmas MSIG Tbk}, proceedings={Proceedings of the 1st UHAMKA International Conference on Economics and Business, UHICEB 2023, 18-19 December 2023, Jakarta, Indonesia}, publisher={EAI}, proceedings_a={UHICEB}, year={2024}, month={11}, keywords={financial performance early warning system risk-based capital}, doi={10.4108/eai.18-12-2023.2350224} }- Desi Susilawati
Alsadyla Alfat Taqwa
Resma Kurnia Turidho
Year: 2024
Analysis Early Warning System and Risk Based Capital PT Asuransi Jiwa Sinarmas MSIG Tbk
UHICEB
EAI
DOI: 10.4108/eai.18-12-2023.2350224
Abstract
The existence of sharia insurance, or takaful, continues to grow, demonstrating its contribution to the Indonesian insurance market. We generate financial information using financial ratios. This study uses a quantitative method. We rely on secondary data as a source of information. The Early Warning System ratios used in this study are the solvency ratio, profitability ratio, liquidity ratio, net premium growth ratio, and technical reserve ratio. The results showed PT Asuransi Jiwa Sinarmas MSIG Tbk.'s financial performance for 2019–2021. The results of the analysis of financial ratios and risk-based capital show that all ratios meet normal limits, except for the premium growth ratio, which is still below the minimum limit. Even though the company's financial performance is excellent because the results tend to meet standards, some of its financial ratios have weaknesses where the percentages are close to normal limits. This research was used. RBC (Risk Based Capital) is another technique that can evaluate the financial performance of the insurance business. According to the Minister of Finance Regulation of the Republic of Indonesia No. 53/PMK.010/2012, the RBC (Risk Based Capital) technique limits the solvency level and measures the expertise of the insurance business in fulfilling its business obligations, while considering the risk profile and processing size
