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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2012
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| Online Access: | http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/1/jeko_47-1.pdf |
| _version_ | 1848811121239130112 |
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| author | Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, |
| author_facet | Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, |
| author_sort | Rubayah Yakob, |
| building | UKM Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T23:41:22Z |
| format | Article |
| id | oai:generic.eprints.org:6340 |
| institution | Universiti Kebangasaan Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T23:41:22Z |
| publishDate | 2012 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | oai:generic.eprints.org: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 |
| spellingShingle | Rubayah Yakob, Zulkornain Yusop, Alias Radam, Noriszura Ismail, Camel rating approach to assess the insurance operators financial strength |
| title | 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_short | Camel rating approach to assess the insurance operators financial strength |
| title_sort | camel rating approach to assess the insurance operators financial strength |
| url | http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/ http://journalarticle.ukm.my/6340/1/jeko_47-1.pdf |