RANDOM EFFECT MODEL: INFLUENCE OF INCOME PREMIUM, CLAIM COST AND UNDERWRITING RESULTS ON NET INCOME IN INSURANCE COMPANY IN INDONESIA: CASE STUDY OF INSURANCE COMPANY LISTED ON INDONESIA STOCK EXCHANGE

Abstract

The purpose of this research is to find out and analyze the factors that affect net income of insurance companies in Indonesia period 2008- 2017. Net Income is the dependent variable of this research. There are 3 (three) independent variables used are premium income, claim expense, and underwriting income. This research was included in the quantitative research, the data used are secondary data in the form of financial statement period 2008 - 2017 obtained from the official website of each from eleven insurance companies which are the object of this research. The results of this research are premium income has no significant effect, while expense claims and underwriting income have a significant effect on net income