| dc.description.abstract | The purpose of this study is to examine the determinants that have a significant
influence on the profitability of Vietnamese life and non-life insurance companies. The
empirical research is conducted on a sample of 31 life and non-life insurance’s companies
in Vietnam from 2015 to 2021 to determine if there is any significant relationship between
Profitability (ROA), and certain independent micro and macro variables: Premium Growth,
Loss Ratio, Liability Ratio, Liquidity, Leverage Ratio, GDP growth rate, and Inflation rate
using Fixed-effect model with Driscoll-Kraay standard errors. This paper found significant
negative relationship between Loss ratio, Liability Ratio, and Premium growth with
Profitability. There is also a considerable positive correlation between Leverage ratio,
Liquidity, and the Profitability (ROA). Other factors including Inflation rate and GDP
growth rate have no significant effect on profitability of insurance firms. Using this
research, financial managers will learn how to prioritize internal issues in order to increase
profitability, hence increasing the value of the insurance firm in the eyes of the public, and
policymakers will learn how to make the correct decision regarding the development of the
insurance sector in Vietnam. | en_US |
