Title: Determinants of the performance of insurance companies

Authors: Abdelkader Mohamed Sghaier Derbali; Ali Lamouchi

Addresses: Department of Administrative and Financial Sciences and Techniques, Community College, Taibah University, Saudi Arabia ' Department of Economics and Finance, College of Business Management, Qassim University, Ar Rass, Saudi Arabia

Abstract: The objective of this study is to assess empirically the determinants of the performance of Tunisian insurance companies during the period of study from 2002 to 2018 using the panel data methodology. The sample used in our study is made up of 13 resident insurance companies listed on the Tunisian Stock Exchange during the period of study. We employ microeconomic and macroeconomic variables. The empirical results show that only the microeconomic factors are determinants of the performance of insurance companies. The macroeconomic factors do not have significant effects on performance. Capital structure, solvency, risk capital management, premium growth, volume of capital, age and financial investments are the determinants of the performance of Tunisian insurance companies with a different sign positive and negative.

Keywords: financial performance; performance determinants; Tunisian insurance companies; panel data.

DOI: 10.1504/IJPQM.2021.118383

International Journal of Productivity and Quality Management, 2021 Vol.34 No.2, pp.278 - 292

Received: 20 Dec 2019
Accepted: 06 May 2020

Published online: 25 Oct 2021 *

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