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The Growth of Sharia Insurance in Indonesia 2015 – 2016: an Academic Forecast Analysis

Shirkah Journal of Economics and Business

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Title The Growth of Sharia Insurance in Indonesia 2015 – 2016: an Academic Forecast Analysis
 
Creator Muthmainah, Muthmainah
 
Subject

 
Description This research is intended to analyze and to forecast the growth of sharia insurance in Indonesia, using Autoregressive Integrated Moving Average (ARIMA) analysis. The variables used in this research are assets, investments, premium, and claims. Quarterly time series data from period quarter I (March 2015) up to quarter IV (December 2016), gathered from Islamic Insurance Statistic Published by Otoritas Jasa Keuangan (OJK), are being carefully examined and academically predicted. As a result, ARIMA analysis show that the growth of sharia insurance in Indonesia has fluctuated, confidently it can be predicted that nominally it will increase in each quarter, including its’ assets, investments, premium and claims.  This research would especially contribute to the sharia insurance companies to formulate their strategies in the future.  Keywords: sharia insurance, ARIMA, islamic insurance statistic  
 
Publisher Faculty of Islamic Economics and Business, Institut Agama Islam Negeri (IAIN) Surakarta
 
Contributor
 
Date 2016-04-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://shirkah.or.id/new-ojs/index.php/home/article/view/2
10.22515/shirkah.v1i1.2
 
Source Shirkah: Journal of Economics and Business; Vol 1, No 1 (2016); 1-22
2503-4243
2503-4235
 
Language eng
 
Relation http://shirkah.or.id/new-ojs/index.php/home/article/view/2/3
 
Rights Copyright (c) 2016 Shirkah: Journal of Economics and Business
http://creativecommons.org/licenses/by-nc/4.0