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OPTIMALISASI ALOKASI ASET DI PASAR MODAL PADA INDUSTRI ASURANSI INDONESIA Nurdiana Agustina
Journal of Fundamental Management (JFM) Vol 1, No 2 (2021): JULI 2021
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jfm.v1i2.13652

Abstract

A mathematical formula strategy is needed to minimize investment management errors as the cause of the insurance industry failing to pay claims to customers. By adhering to the investment limits set by the regulator, prudent and optimal investment management must prioritize the allocation of assets to investment instruments with fixed income (money market) and low risk to meet the company’s definite obligations. Then, if there is a residual, it can be allocated to a variable income investment instrument (capital market) which has a high return and high risk to increase the company's income with the simplex method linear programming model. Based on the basic assumptions presented in PT Taspen’s 2020 RKAP (Persero) investment assets can be allocated to investment instruments in the capital market worth Rp. 30,603,568,822,753,- or as much as 29.29% of the total investment can be in the form of stocks with an allocation weight of 14.95 %, mutual funds with an allocation weight of 11.27%, bonds with an allocation weight of 50.0%, medium terms notes with an allocation weight of 5.0%, and KIK-EBA with an allocation weight of 18.79%. So it is expected that the return on investment on December 31, 2020 will reach Rp. 9,900,434,973,836,-.
Analisis Pengembalian Portofolio Investasi Perusahaan Asuransi Wajib di Indonesia Studi pada PT. Jasa Raharja (Persero) Tbk Periode 2013-2022 Nurdiana Agustina; Dini Nurhayati; Santi Sartika
Jurnal Simki Economic Vol 7 No 2 (2024): Volume 7 Nomor 2 Tahun 2024
Publisher : Universitas Nusantara PGRI Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/jse.v7i2.789

Abstract

This study aims to determine the level of return on investment in the investment portfolio of PT. Jasa Raharja for the period 2013 to 2022. This research method uses a quantitative method involving the process of collecting secondary data for ten years, then conducting a financial ratio analysis followed by multiple regression analysis, then describing the interpretation of the research results. The results of the financial ratio analysis using the net investment income ratio showed that in each period the level of return on the investment portfolio tended to continue to decline from 10% in 2013 to 6.89% in 2022. The results of the normality test to test the sample obtained a normally distributed sample, then the results of the multiple regression test showed that the results of the investment portfolio and the value of the investment portfolio together affected the net investment income ratio. In this study, the company was less than optimal in managing its investment funds. Therefore, the company is less able to rely on the investment returns obtained to add new investment funds in the next period. If this happens continuously, the company in meeting funds for payment of claim expenses and other company operational expenses can only rely on premium income from customers so that the company's profits are low.