Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024)

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Impact of COVID-19 on The Financial Condition in The Indonesian Life Insurance Industry

Authors
Aisyah Jiwo Amanah1, Margaretha Tiur Pasuria Lingga1, *
1Swiss German University, Alam Sutera, 15143, Tangerang, Indonesia
*Corresponding author. Email: margaretha.lingga@sgu.ac.id
Corresponding Author
Margaretha Tiur Pasuria Lingga
Available Online 11 December 2024.
DOI
10.2991/978-94-6463-585-0_8How to use a DOI?
Keywords
Life Insurance; Pandemic of COVID-19; Operating Cash Flow; Liquidity Ratio; Return on Asset; Net Investment Income Ratio
Abstract

The pandemic of COVID-19 along with the lockdown policy have affected all business sectors around the world, which leads to changes in the economic growth of nations. Thus, this study is conducted to analyze the impact of COVID-19 on the financial condition in the Indonesian life insurance industry from 2018–2021 as the insurance companies have an essential role to the economic development of a country. To accomplish the objective of this study, the panel data method is used to estimate the result of multiple regression analysis, which analyze the relationship between independent variables of Operating Cash Flow (OCF) and Liquidity Ratio (LQR) as well as the dummy variable (COV) towards the dependent variables of Return on Asset (ROA) and Net Investment Income Ratio (NIIR). The findings of this study reported that OCF and LQR simultaneously affect the ROA and NIIR during the pandemic of COVID-19.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
11 December 2024
ISBN
978-94-6463-585-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-585-0_8How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Aisyah Jiwo Amanah
AU  - Margaretha Tiur Pasuria Lingga
PY  - 2024
DA  - 2024/12/11
TI  - Impact of COVID-19 on The Financial Condition in The Indonesian Life Insurance Industry
BT  - Proceedings of the 5th International Conference on Global Innovation and Trends in Economy 2024 (INCOGITE 2024)
PB  - Atlantis Press
SP  - 94
EP  - 108
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-585-0_8
DO  - 10.2991/978-94-6463-585-0_8
ID  - Amanah2024
ER  -