An Analysis of Factors Affecting the Performance of Insurance Companies in Zimbabwe
Batsirai Winmore Mazviona,
Mbakisi Dube and
Tendai Sakahuhwa
Journal of Finance and Investment Analysis, 2017, vol. 6, issue 1, 2
Abstract:
The study sought to examine factors affecting the performance of insurance companies in Zimbabwe. We utilized secondary data from twenty short-term insurance companies. The data was for the period from 2010 to 2014. We used factor analysis and multiple linear regression models to determine the factors affecting performance and identifying their impact. Our findings revealed that expense ratio, claims ratio and the size of a company significantly affect insurance companies’ performance negatively. Whilst leverage and liquidity affect performance positively. We recommend that insurance companies should introduce mechanisms that reduces operational costs such as automated systems.JEL classification numbers: C3, G1, G22Keywords: Performance, Insurance, Regression Analysis, Factor Analysis
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (3)
Downloads: (external link)
http://www.scienpress.com/Upload/JFIA%2fVol%206_1_2.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spt:fininv:v:6:y:2017:i:1:f:6_1_2
Access Statistics for this article
More articles in Journal of Finance and Investment Analysis from SCIENPRESS Ltd
Bibliographic data for series maintained by Eleftherios Spyromitros-Xioufis (info@scienpress.com).