Camel rating approach to assess the insurance operators financial strength

This study aims at looking at the financial strength based on the CAMEL rating system for each of the conventional life insurers and takaful operators. The existing financial indicators, such as the margin of solvency (MOS), risk-based capital (RBC) and claim paying ability (CPA) rating,present th...

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Main Authors:	Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2012
Online Access:	http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/1/jeko_47-1.pdf

id	ukm-6340
recordtype	eprints
spelling	ukm-63402016-12-14T06:40:54Z http://journalarticle.ukm.my/6340/ Camel rating approach to assess the insurance operators financial strength Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, This study aims at looking at the financial strength based on the CAMEL rating system for each of the conventional life insurers and takaful operators. The existing financial indicators, such as the margin of solvency (MOS), risk-based capital (RBC) and claim paying ability (CPA) rating,present their own constraints in providing information concerning the financial position of the operators to the policyholders and the public. The data used for the twenty life insurance and takaful companies operating during the period of 2003 to 2007 consists of twenty-three financial ratios. The factors (values) generated by factor analysis applied on twenty-three financial ratios reflect the five components in the CAMEL rating system. The results show that the CAMEL rating is a promising approach in providing an overview of the financial strength of the life insurer/takaful operator for the benefit of policyholders and the public. Penerbit Universiti Kebangsaan Malaysia 2012 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/6340/1/jeko_47-1.pdf Rubayah Yakob, and Zulkornain Yusop, and Alias Radam, and Noriszura Ismail, (2012) Camel rating approach to assess the insurance operators financial strength. Jurnal Ekonomi Malaysia, 46 (2). pp. 3-15. ISSN 0127-1962 http://www.ukm.my/fep/jem/content/2012-2.html
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	This study aims at looking at the financial strength based on the CAMEL rating system for each of the conventional life insurers and takaful operators. The existing financial indicators, such as the margin of solvency (MOS), risk-based capital (RBC) and claim paying ability (CPA) rating,present their own constraints in providing information concerning the financial position of the operators to the policyholders and the public. The data used for the twenty life insurance and takaful companies operating during the period of 2003 to 2007 consists of twenty-three financial ratios. The factors (values) generated by factor analysis applied on twenty-three financial ratios reflect the five components in the CAMEL rating system. The results show that the CAMEL rating is a promising approach in providing an overview of the financial strength of the life insurer/takaful operator for the benefit of policyholders and the public.
format	Article
author	Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail,
spellingShingle	Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, Camel rating approach to assess the insurance operators financial strength
author_facet	Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail,
author_sort	Rubayah Yakob,
title	Camel rating approach to assess the insurance operators financial strength
title_short	Camel rating approach to assess the insurance operators financial strength
title_full	Camel rating approach to assess the insurance operators financial strength
title_fullStr	Camel rating approach to assess the insurance operators financial strength
title_full_unstemmed	Camel rating approach to assess the insurance operators financial strength
title_sort	camel rating approach to assess the insurance operators financial strength
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2012
url	http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/1/jeko_47-1.pdf
first_indexed	2023-09-18T19:46:38Z
last_indexed	2023-09-18T19:46:38Z
_version_	1777405943576788992

Camel rating approach to assess the insurance operators financial strength

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