Enterprise Risk Management and Institutional Performance of Life Insurance Companies in Nepal

The Batuk Pub Date : 2023-01-30 DOI:10.3126/batuk.v9i1.51896
Nishwarth Mahat, Surendra Pandey, B. Thapa
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Abstract

The paper aims at determining the performance of insurance companies in Nepal from the perspectives of enterprise risk management. Risk identification, risk evaluation, risk mitigation, risk implementation and management are predictors of performance of insurance firms. A full fledge structured questionnaire survey was conducted among conveniently selected 100 respondents representing key employees from different branches of insurance firms within the Kathmandu valley. Analysis was made using correlation and step-wise regression. The major finding of the study implies that risk identification, risk assessments and risk mitigation affect positively to insurance firms’ performance whereas, risk management and implementation have negative impact on company’s performance. However, only effect of risk mitigation was found statistically significant. Thus, the insurance companies are suggested to focus on risk mitigation to enhance their performance. Finally, the study also recommends that the firms need to pursue enterprise risk management in line with international best practices to ensure productivity and competitiveness at par with global benchmark.
尼泊尔寿险公司的企业风险管理与制度绩效
本文旨在从企业风险管理的角度确定尼泊尔保险公司的绩效。风险识别、风险评估、风险缓解、风险实施和管理是保险公司绩效的预测因素。一项完整的结构化问卷调查是在加德满都谷地内保险公司不同分支机构的100名主要员工中进行的。采用相关分析和逐步回归分析。研究的主要发现表明,风险识别、风险评估和风险缓解对保险公司绩效有积极影响,而风险管理和实施对保险公司绩效有消极影响。然而,只有风险缓解的效果被发现具有统计学意义。因此,建议保险公司将重点放在风险缓解上,以提高其绩效。最后,该研究还建议,企业需要按照国际最佳实践进行企业风险管理,以确保生产力和竞争力与全球基准持平。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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