Comparative Study of the Impact of Subscription Rates on the Operations and Profitability of Commercial and Takaful Insurance Companies: A Case Study of Solidarity Allaince Insurance Company (SAIC) and Syrian Islamic Insurance Company (SIIC)

Authors

  • Yomn Ahmad Mansour, Majid Majed Alhoussami Tishreen University, Latakia, Syria.

DOI:

https://doi.org/10.33687/jhssr.003.02.000325

Abstract

The study aims to develop a statistical model to measure the impact of subscription rates on the operations (expressed as the total assets turnover rate) and profitability (expressed as the return on assets rate) of commercial and Takaful insurance companies. The study was conducted on Solidarity Allaince Insurance Company (SAIC) representing commercial insurance companies and Syrian Islamic Insurance Company (SIIC) representing Takaful insurance companies in Syria. The study period extended from 2010 to 2021. The main findings indicated a correlation between the total assets turnover rate and the return on assets rate with subscription rates within an acceptable range in both commercial and Takaful companies. Additionally, there was a positive impact of subscription rates (subscription premium growth rate) on the operations of commercial insurance companies, while it showed no impact on profitability rates. The study also revealed the positive impact of subscription rates (retention rate) on operations and (market share rate) on profitability within Takaful insurance companies.

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Published

2024-05-10

How to Cite

Mansour, Y. A. ,Alhoussami M. M. (2024). Comparative Study of the Impact of Subscription Rates on the Operations and Profitability of Commercial and Takaful Insurance Companies: A Case Study of Solidarity Allaince Insurance Company (SAIC) and Syrian Islamic Insurance Company (SIIC). Journal of Humanities and Social Sciences Research, 3(2). https://doi.org/10.33687/jhssr.003.02.000325