IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-99-8472-5_56.html
   My bibliography  Save this book chapter

Riding the Waves of Uncertainty: How Thai’s Non-life Insurance Companies Are Weathering the COVID-19 Pandemic

In: Proceedings of the 4th International Conference on Research in Management and Technovation

Author

Listed:
  • Kanitsorn Terdpaopong

    (Rangsit University)

  • Nor Balkish Zakaria

    (Universiti Teknologi MARA)

  • Nguyen Thi Hong Thuy

    (University of Economics and Business, Vietnam National University)

  • Farhana Begum

    (Ministry of Education)

Abstract

This study examines the financial performance and profitability of Thai non-life insurance companies affected by the COVID-19 pandemic. The samples of 204 non-life insurance companies were selected due to their accessibility of financial information and relevance to the study. The data observations contain information of the Thai non-life insurance companies from 2018 to 2021. Twelve financial stability, operational efficiency, and profitability indicators are identified among non-life insurance companies. This study examines the profitability of non-life insurance companies using return on assets (ROA) and return on equity (ROE). This study uses t-tests to compare before and after COVID-19 and multiple regression models to determine the factors that influence profitability. The result revealed that the COVID-19 pandemic has caused significant financial instability in Thailand’s non-life insurance companies, particularly in their capital adequacy ratio (CAR) and debt-to-equity ratio (DE), indicating a potential shift in stability. The COVID-19 pandemic did not affect operational performance or profitability. Thai non-life insurers maintained operating efficiency and profitability despite difficult conditions. The report recommends non-life insurers focus on financial stability, operational effectiveness, and size to maximize profitability and survive post-pandemic.

Suggested Citation

  • Kanitsorn Terdpaopong & Nor Balkish Zakaria & Nguyen Thi Hong Thuy & Farhana Begum, 2024. "Riding the Waves of Uncertainty: How Thai’s Non-life Insurance Companies Are Weathering the COVID-19 Pandemic," Springer Books, in: Thi Hong Nga Nguyen & Darrell Norman Burrell & Vijender Kumar Solanki & Ngoc Anh Mai (ed.), Proceedings of the 4th International Conference on Research in Management and Technovation, pages 629-642, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-8472-5_56
    DOI: 10.1007/978-981-99-8472-5_56
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-981-99-8472-5_56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.