Publication:
Comparative study on risk :conventional insurance vs takaful in Malaysia

dc.contributor.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#en_US
dc.contributor.authorNoorul Azrin Md Nasiren_US
dc.date.accessioned2024-10-08T05:18:33Z
dc.date.available2024-10-08T05:18:33Z
dc.date.issued2014
dc.description.abstractNaturally. both conventional insurance and Takafit! industries are exposed to risks. This study seeks to compare the compare the risks between conventional insurance and takafit!. The study focuses primarily on three key risks. namely liquidity risk. operational risk and underwriting risk. The risks were measured using Mann-Whitney U Test and standard financial ratios commonly used for measuring the performance of insurance companies. namely Combined Ratio and Retention Ratio for Operational Risk. Liquidity Ratio and Technical Reserve Ratio for Liquidity Risk. and finally Claims Ratio and Expense Ratio for Underwriting Risk. A sample of six listed Takaful Operators and nineteen conventional Insurance operators in Malaysia were used for this study. covering the period from the financial year 2007 until financial year 2012. It is observed that based on Mann-Whitney U Test. conventional insurance operators have significantly higher combined ratio than Takajit! operators. while the Takaful operators have a significantly higher retention ratio than conventional insurance operators. In terms of liquidity. there is no significant difference in Liquidity Ratio and Reserve Coverage between Takaful operators and insurance operators throughout the study period. Takaful operators are spending more than conventional insurance firms to run their business. as the expense ratio for Takajit! operators is significantly higher than conventional insurance finm. Keywords: Takaful. Insurance. Liquidity Risk. Underwriting Risk. Operational Risken_US
dc.description.callnumbert HG 8057 N818C 2014en_US
dc.description.degreelevelMasteren_US
dc.description.identifierThesis : Comparative study on risk :conventional insurance vs takaful in Malaysia /by Noorul Azrin Md Nasiren_US
dc.description.identityt11100337855NoorulAzrinen_US
dc.description.kulliyahIIUM Institute of Islamic Banking and Financeen_US
dc.description.notesThesis (MIIBF)--International Islamic University Malaysia, 2014en_US
dc.description.physicaldescriptionx ,68 leaves :ill. ;30cm.en_US
dc.description.programmeMaster of Science in Islamic Banking and Financeen_US
dc.identifier.urihttps://studentrepo.iium.edu.my/handle/123456789/8242
dc.identifier.urlhttps://lib.iium.edu.my/mom/services/mom/document/getFile/aqEU46rJmPv8ttvtskd4B3LGtoK4lgxd20150921150840822
dc.language.isoenen_US
dc.publisherKuala Lumpur : International Islamic University Malaysia, 2014en_US
dc.rightsCopyright International Islamic University Malaysia
dc.subject.lcshInsurance -- Malaysia -- Financeen_US
dc.subject.lcshInsurance -- Religious aspects -- Islamen_US
dc.subject.lcshInsurance companies -- Malaysia -- Investmentsen_US
dc.titleComparative study on risk :conventional insurance vs takaful in Malaysiaen_US
dc.typeMaster Thesisen_US
dspace.entity.typePublication

Files

Original bundle

Now showing 1 - 2 of 2
Loading...
Thumbnail Image
Name:
t11100337855NoorulAzrin_SEC_24.pdf
Size:
414.86 KB
Format:
Adobe Portable Document Format
Description:
24 pages file
Loading...
Thumbnail Image
Name:
t11100337855NoorulAzrin_SEC.pdf
Size:
1.26 MB
Format:
Adobe Portable Document Format
Description:
Full text secured file

Collections