A Impact of Premium on Profit of Insurance Companies in Pakistan

Abstract

Life insurance is a major contributor to the insurance industry’s expansion in Pakistan. From the standpoint of the overall growth of the insurance industry is critical. At the same time, there are numerous issues in this industry that affect its performance. The study provides insight into Pakistan’s life insurance sector’s performance. This research aims to determine the impact of life insurance premium earned on profitability. Regression analysis is done to analyze the outcomes. According to the study’s findings, there is a significant relationship between earned premium and underwriting profit. Premium earn is increasing but underwriting profit is decreasing instead of generating more profit for the insurance industry.