DO THE ECONOMIC INDICATORS INFLUENCE FINANCIAL PERFORMANCE OF NON-LIFE INSURANCE SECTOR IN PAKISTAN?

Ishtiaq Ahmad ()
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Ishtiaq Ahmad: Faculty of Economics and Business, University of Debrecen, Hungary, Department of Management Sciences, National University of Modern Languages, (NUML)-Islamabad, Pakistan

Annals of Faculty of Economics, 2017, vol. 1, issue 2, 201-209

Abstract: The role of the non-life insurance sector and links into other sectors is vital for the economy. The primary macroeconomic variables such as real GDP, unemployment, and inflation have been taken into account as explanatory variables to assess the impact on financial performance of non-life insurance (FP-NLI) sector for the period of 2009-2013. The management of non-life insurance firms should consider the macroeconomic environment, real GDP, unemployment, and inflation in addition to firm specific characteristics while managing profitability. A significant positive association has been observed between real GDP and FP-NLI sector. It is also observed that unemployment and inflation have a negative impact on financial performance but statistically significant only in case of unemployment.

Keywords: Non-life insurance; real GDP; inflation; unemployment; financial performance. (search for similar items in EconPapers)
JEL-codes: E23 E31 G22 G32 O47 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2017:i:2:p:201-209

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