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All Journal Shirkah: Journal of Economics and Business
Muthmainah Muthmainah
Center for Islamic Economic Forecast, Karawang, Bekasi
Economics, Econometrics & Finance

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The Growth of Sharia Insurance in Indonesia 2015 – 2016: an Academic Forecast Analysis Muthmainah Muthmainah
Shirkah: Journal of Economics and Business Vol 1, No 1 (2016)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (470.344 KB) | DOI: 10.22515/shirkah.v1i1.2

Abstract

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  
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