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A Study on the Performance of Private Non-Life Insurance Companies in Bangladesh

Author

Listed:
  • Siddiqua, Ayesha

    (Hajee Mohammad Danesh Science and Technology University)

  • Parvin, Shahnaz

    (Hajee Mohammad Danesh Science and Technology University)

Abstract

Insurance becomes an essential part of every economic system. In Bangladesh, insurance industry plays an important role in economic progress. This study aims at determining the performance of private non-life insurance industry in Bangladesh. For the analysis, researchers selected five private non-life insurance companies and used the financial statements of the companies for the year 2012-2014 as a secondary source of data. Seven variables were selected to analyze the performances which were total asset, investment, net premium, profit after tax, total insurance policy, earnings per share (EPS) and return on asset (ROA). Growth rate, trend equations and square of correlation coefficient (r2) were tested in respect of these variables. All the companies had a positive trend equations and the r2 of the variables were above 0.50. The result indicates that the non-life insurance industry has a great prospect in Bangladesh.

Suggested Citation

  • Siddiqua, Ayesha & Parvin, Shahnaz, 2017. "A Study on the Performance of Private Non-Life Insurance Companies in Bangladesh," Asian Business Review, Asian Business Consortium, vol. 7(2), pages 55-58.
    • Handle: RePEc:ris:asbure:0035
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    Cited by:

    1. Md. Bokhtiar Hasan & SM Nahidul Islam & Abu N. M. Wahid, 2018. "The effect of macroeconomic variables on the performance of non-life insurance companies in Bangladesh," Indian Economic Review, Springer, vol. 53(1), pages 369-383, December.
    2. Raad Mozib Lalon & Joy Das, 2022. "Investigating the dynamic impact of firm-specific and macroeconomic drivers on profitability of general insurance companies in Bangladesh," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(5), pages 304-313, July.

    More about this item

    Keywords

    Insurance industry; non-life insurance; performance; growth; trend line;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies

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