The Influence of Premium, Claims, and Investment Results on Asset Growth in General Insurance Companies in Indonesia for the 2014-2018 Period

Abstract

Asset growth during the last five years in general insurance in Indonesia has fluctuated. Where general insurance companies in Indonesia are in an unstable condition, which shows symptoms that are not fixed and always changing. This study aims to determine the effect of premiums, claims, investment returns on asset growth in general insurance companies in Indonesia in 2014-2018. Asset growth is the dependent variable and the independent variable in this study is the premium, claims and investment returns. This research is a quantitative descriptive study with a population of 25 general insurance companies in Indonesia. The data analysis technique used in this study is multiple linear regression analysis. The results of statistical testing show that together, all observed independent variables, namely premiums, claims and investment returns, have an effect on the growth of assets of general insurance companies in Indonesia. Partially, both premiums, claims and investment returns have a significant effect on asset growth in general insurance companies in Indonesia. For the magnitude of the influence of the independent variable has a large effect of 22.3% on the growth of general insurance company assets, while the rest is influenced by other factors not examined.