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A Literature Review on the Relatiohship between Competition and Efficiency for Takaful and Conventional Insurance

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  • Asif Ahmed
  • Rossazana Ab-Rahim

Abstract

When there are many players operate in a particular market, it encourages competition. Thus, healthy competition in the market leads to efficiency performance. Takaful and conventional insurance are the two parallel methods used to transact insurance business. The emergence of the Takaful market has contributed to competitiveness and conventional insurance is facing competition with Takaful. Therefore, this paper attempts to review the literatures relating to the relationship between competition and efficiency between Takaful and conventional and whether there exist a positive or a negative relationship. Â Â

Suggested Citation

  • Asif Ahmed & Rossazana Ab-Rahim, 2021. "A Literature Review on the Relatiohship between Competition and Efficiency for Takaful and Conventional Insurance," Journal of Public Administration and Governance, Macrothink Institute, vol. 11(4), pages 130139-1301, December.
    • Handle: RePEc:mth:jpag88:v:11:y:2021:i:4:p:130-139
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    References listed on IDEAS

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    3. Astrid A. Dick & Andreas Lehnert, 2010. "Personal Bankruptcy and Credit Market Competition," Journal of Finance, American Finance Association, vol. 65(2), pages 655-686, April.
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    5. Abu Hanifa Md Noman & Chan Sok Gee & Che Ruhana Isa, 2017. "Does competition improve financial stability of the banking sector in ASEAN countries? An empirical analysis," PLOS ONE, Public Library of Science, vol. 12(5), pages 1-27, May.
    6. Abdul Latif Alhassan & Nicholas Biekpe, 2016. "Competition and efficiency in the non-life insurance market in South Africa," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 43(6), pages 882-909, November.
    7. Merdad, Hesham Jamil & Kabir Hassan, M. & Hippler, William J., 2015. "The Islamic risk factor in expected stock returns: an empirical study in Saudi Arabia," Pacific-Basin Finance Journal, Elsevier, vol. 34(C), pages 293-314.
    8. Rahman, Md. Azizur, 2013. "Comparative Study on the Efficiency of Bangladeshi Conventional and Islamic Life Insurance Industry: A Non-Parametric Approach," Asian Business Review, Asian Business Consortium, vol. 3(2), pages 80-91.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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