PERBANDINGAN EFISIENSI PADA INDUSTRI ASURANSI JIWA SYARIAH DAN KONVENSIONAL DENGAN DATA ENVELOPMENT ANALYSIS (DEA)
DOI:
https://doi.org/10.24034/j25485024.y2020.v4.i4.4004Keywords:
efficiency, conventional life insurance, islamic life insurance, DEAAbstract
This study aims to anlyze and comparing the efficiency of Islamic Life Insurance and Conventional Life Insurance in Indonesia. This study uses a quantitative non-parametric approach with Data Envelopment Analysis (DEA) with the assumption of Constant Return to Scale (CRS) and Variable Return to Scale (VRS) with input and output orientation. The samples are 3 Islamic Life Insurance (full fledge) and 3 Conventional Life Insurance that comply with the specified sample criteria during 2012-2019. The input variables used ared cost of commissive, operational cost, total equity, while the output variables is the premi income, and investment revenue. The results of the study indicate that the average result of DEA analysis for the entire DMU (Decision Making Unit) has not been efficient. In Conventional Life Insurance, the value of economic efficiency by 64,82 percent, technically efficiency for72,22 percent, and scale efficiency 81,4 percent, while in Islamic Life Insurance, the value of economic efficiency by 17,26 percent, technically efficiency for 53,71 persen, and scale efficiency 47,41 percent. Source of inefficiency Conventional and Islamic Life Insurance company is the sacle of operations and management of input to output is not optimal.
References
Abduh, M., M. A. Omar, dan R. M. Tarmisi. 2012. The Performance of Insurance Industry in Malaysia: Islamic vis-a-vis Conventional Insurance. Journal of Islamic Banking and Finance 29(4): 40-9.
Abror, A., O. E. Santi, dan P Frianto. 2005. Lembaga Keuangan. Rineka Cipta. Jakarta.
Ahmad, R. dan A. Hamid. 2008. Lembaga Keuangan Syariah. Zikrul Hakim. Jakarta.
Ali, Z. 2008. Hukum Asuransi Syariah. Sinar Grafika. Jakarta.
Aliyu, S. dan R. M. Yusof. 2016. Profitability and Cost Efficiency of Islamic Banks: A Panel Analysis of Some Selected Countries. International Journal of Economics and Financial Issues 6(4): 1736-1743.
Alqahtani, F., D. G. Mayes dan K. Brown. 2017. Islamic Bank Efficiency Compared to Conventional Banks during the Global Crisis in the GCC Region. Journal of International Financial Markets, Institutions and Money 51: 58-74.
Al-Qur’an dan Terjemahnya. 2009. PT. Syg- ma Examedia Arkanleema. Bandung.
Amrin, A. 2006. Asuransi Syariah: Keberadaanya dan Kelebihannya di Tengah Asuransi Konvensional. IKAPI. Jakarta.
Archer, T. S. 2010. The Efficiency Theory. TSA. http://www.theefficiencytheory.com/ The_Efficiency_Theory.pdf .
Banker R. D., A. Charnes dan W. W. Cooper 1984. Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis. Management Science 30(9): 1078-92
Banker, R., W. Cooper, L. M. Seiford, dan J. Zhu. 2012. Risk Analysis in Stochastic Supply Chains - A Mean Apporach. International Series in Operations Research & Management Science 178.
Benarda, B., U. Sumarwan, dan M. N. Hosen. 2016. Tingkat Efisiensi Industri Asuransi Jiwa Syariah Menggunakan Pendekatan Two Stage Data Envelopment Analysis. Jurnal Aplikasi Bisnis dan Manajemen 2(1): 64-72.
Borges, M., M. Nektarios, dan C. Barros 2008. Analysing the Efficiency of the Greek Life Insurance Industry. European Research Studies Journal 11(3): 35-52.
Charnes, A., W. W. Cooper, dan E. Rhodes. 1978. Measuring the Efficiency of Decision Making Units. European Journal of Operation Research 2: 429-44
Dewi, K. dan R. Siauwijaya. 2016. Analisis Efisiensi Teknis Perbankan di Indonesia. Jurnal Manajemen 13(2): 132–148.
Eling, M. dan M. Luhnen. 2008. Frontier Efficiency Methodologies to Measure Performance in the Insurance Industry: Overview and New Empirical Evidence. The Geneva Papers on Risk and Insurance - Issues and Practice 35(2): 217–265.
Farrel, M. 1957. The Measurement of Productive Efficency. Jurnal of the Royal Statistical Society 120(3): 253-290.
Faruk, M. O. dan A. Rahaman. 2015. Measuring Efficiency of Conventional Life Insurance Companies in Bang- ladesh and Takaful Life Insurance Companies in Malaysia: A Non-Parametric Approach. Journal of Management Studies and Economic System 2(2): 129-44.
Hu, X., C. Zhang, dan N. Zhu. 2009. Analyzing Efficiency in the Chinese Life Insurance Industry. Management Re- search News 32(10): 905-920.
Karim, A. 2007. Ekonomi Mikro Islam. Raja Grafindo Persada. Jakarta.
Khan, A. dan U. Noreen. 2014. Efficiency Measure of Insurance vs Takaful Firms Using DEA Approach: A Case of Pakistan. Islamic Economic Studies 22(1): 139-158.
Galiniene, B. dan G. Dzemydaite. 2012. Spatial Data Envelopment Analysis Method for the Evaluation of Regional Infrastructure Disparities. Social Techno- logies 2(2): 390–403.
Mandal, S. dan S. G. Dastidar. 2014. A DEA-Investigation of Efficiency of the Indian General Insurance during Recession. Journal of Advances in Management Research 11(1): 115-136.
Miah, Dulal Mohammad dan Uddin, Helal. 2017. Efficiency and Stability: A Comparative Study between Islamic and Conventional Banks in GCC Countries. Future Business Journal 3: 172-185
Muhammad. 2007. Lembaga Ekonomi Syariah. Graha Ilmu. Yogyakarta.
Muharam, H. dan R. Pusvitasari. 2007. Analisis Perbandingan Efisiensi Bank Syariah di Indonesia Dengan Metode Data Envelopment Analysis (periode Tahun 2005). Jurnal Ekonomi Dan Bisnis Islam II(3): 80–166.
Ningsih, Y. W. dan N. Suprayogi. 2017. Analisis Efisiensi Asuransi Umum Syariah di Indonesia Tahun 2013-2015: Aplikasi Metode Data Envelopment Analysis (DEA). Jurnal Ekonomi Syariah Teori dan Terapan 4(9): 757-772.
Novandra, R. 2014. Analisis Perbandingan Efisiensi Perbankan Syariah dan Konvensional di Indonesia. Jurnal Ekonomi dan Pembangunan 22(2): 183-193.
Otoritas Jasa Keuangan. 2016. Statistik Peransuransian 2016. Otoritas Jasa Keuangan. Jakarta.
Putri, M. S. dan A. S. Mulazid. 2017. Analisis Efisiensi Bank Umum Syariah (BUS) Di Indonesia Dengan Menggunakan Metode Data Envelopment Analysis (DEA) Periode 2013-2015. Al-Mabsut: Jurnal Studi Islam Dan Siosal 11(1): 1–17.
Rahman, M. A. 2013. Comparative Study on the Efficiency of Bangladeshi Conventional and Islamic Life Insurance Industry: A Non-Parametric Approach. Asian Business Review 2(3): 88-99.
Rosman, R., N. A. Wahab, dan Z. Zainol. 2013. Efficiency of Islamic Banks during the Financial Crisis: An Analysis of Middle Eastern and Asian Countries. Pacific-Basin Finance Journal: 1-29.
Rusydiana, A. S. dan T. Nugroho. 2017. Measuring Efficiency of Life Insurance Institution in Indonesia: Data Envelopment Analysis Approach. Global Review of Islamic Economics and Business 5(1): 12-24.
Saad, N. M., M. S. A. Majid, R. M. Yusof, J. Duasa, dan A. R. A. Rahman. 2006. Measuring Efficiency of Insurance and Takaful Companies in Malaysia Using Data Envelopment Analysis (DEA). Review of Islamic Economics 10(2): 5-26.
Sabiti, M. B., J. Effendi, dan T. Novianti 2017. Efisiensi Asuransi Syariah di Indonesia dengan Pendekatan Data Envelopment Analysis. Jurnal Al-Muzara’ah 5(1): 69-87.
Sutawijaya, A. dan E. P. Lestari. 2009. Efisiensi Teknik Perbankan Indonesia Pascakrisis Ekonomi: Sebuah Studi Empiris Penerapan Model DEA. Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 10(1): 49.
Tuffahati, H., S. Mardian, dan E. Suprapto. 2016. Pengukutan Efisiensi Asuransi Syariah dengan Data Envelopment Analysis (DEA). Jurnal Akuntansi dan Keuangan Islam 4(1): 1-24.
Tumbel, T. M. 2014. Analisis Bantuan Desa Terhadap Pelaksanaan Pembangunan Desa (Studi Kasus Pada Kecamatan Tareran Kabupaten Minahasa Selatan). Jurnal LPPM Bidang EkoSosBudKum 1(2): 1–12.
Utama, A. P., H. Wahyono, dan M. Witjaksono. 2016. Efisiensi Pengambilan Keputusan Sumber Daya Ekonomi Konsumsi Produksi Mahasiswa. Jurnal Pendidikan: Teori, Penelitian, Dan Pengembangan 1(4): 712–716.
Winarno, S. H. 2015. Analisis Perbandingan Asuransi Syariah dan Asuransi Konvensional. Moneter: Jurnal Akuntansi dan Keuangan 2(2): 17-28.
Wirdyaningsih. 2005. Bank dan asuransi Islam di Indonesia. Prenada Media. Jakarta.
Downloads
Published
Versions
- 2021-05-07 (2)
- 2021-02-11 (1)
