THE DETERMINANTS OF THE PERFORMANCE OF THE LIFE INSURANCE COMPANIES IN TUNISIA

Ahmed Berteji () and Souad Hammami ()
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Ahmed Berteji: MOFID-Université de Sousse
Souad Hammami: MOFID-Université de Sousse

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Abstract: In recent decades, Business performance has attracted the attention of researchers in the literature of corporate finance. Particularly speaking, the insurance industry was also a subject of interest and many factors are to be considered when dealing with the insurance companies.As a matter of fact, both the consumers and investors are concerned with the financial strength of the insurer and his/her ability to meet the ongoing commitments to insurance policyholders.The insurance industry is one of the fundamental elements in the financing of the Tunisian economy and contributes to the state's effort to support the development of the country.According to the insurance industry experts, the year 2011 has been difficult for the insurance companies. In this study, we examined the impact of the characteristics of the company (size, leverage, tangibility, risk, growth, liquidity and age) on the performance of 8 life insurance companies in Tunisia all along a period of 10 years (ranging from 2005 to 2014). Analysis of the results of a regression on panel data indicates that the variables size, age and premium growth measured by ROA ratio (Return On Asset) are the most important determinants of the insurance companies performance. The performance of insurance companies is not statistically significant with such variables as leverage, tangibility, liquidity and risk.

Keywords: Performance Firm's Characteristics Life Insurance ROA Panel Data Tunisia; Performance; Firm's Characteristics; Life Insurance; ROA; Panel Data; Tunisia (search for similar items in EconPapers)
Date: 2016-07-07
Note: View the original document on HAL open archive server: https://hal.science/hal-04745608v1
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Published in International Journal of Economics, Commerce & Management, 2016, IV (7)

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