An Analysis of Factors Affecting the Performance of Insurance Companies in Zimbabwe
Batsirai Winmore Mazviona,
Mbakisi Dube and
Journal of Finance and Investment Analysis, 2017, vol. 6, issue 1, 2
The study sought to examine factors affecting the performance of insuranceÂ companies in Zimbabwe. We utilized secondary data from twenty short-termÂ insurance companies. The data was for the period from 2010 to 2014. We usedÂ factor analysis and multiple linear regression models to determine the factorsÂ affecting performance and identifying their impact. Our findings revealed thatÂ expense ratio, claims ratio and the size of a company significantly affect insuranceÂ companiesâ€™ performance negatively. Whilst leverage and liquidity affectÂ performance positively. We recommend that insurance companies shouldÂ introduce mechanisms that reduces operational costs such as automated systems.JEL classification numbers: C3, G1, G22Keywords: Performance, Insurance, Regression Analysis, Factor Analysis
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