STUDY TOLL ROAD INSURANCE WITH SHARIA SYSTEM (CASE STUDY: TOLL ROAD CIKAMPEK-PALIMANAN)

• Main Author: SETIAWAN (NIM : 26914313), KOMARA
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/22838
• Institution: Institut Teknologi Bandung

Toll road is a public road and is part of a freeway network as a national road which charged the users to pay toll. Operational risk is strongly associated with the toll road management activities operationalization of the motorway and all supporting activities, such as traffic risk, transaction risk, construction risk, natural hazard risk and force majeure.Toll Road Regulatory Agency (BPJT) as regulators representing the government responded to this by requiring the toll road concession agreement (PPJT) that in the period of operation, the toll road company is obliged to provide the toll road asset protection insurance Civil Engineering Completed Risk (CECR). <br /> <br /> <br /> This study aims to assess the implementation of insurance-based toll road Islamic system during the operation of toll roads. The selection of the insurance products require criteria for decision-making because it is quite complicated and involves many aspects. The method used in this research is the study of literature, field studies, interviews and questionnaires as well as the Analytic Hierarchy Process (AHP) to determine the selection criteria for insurance. The method of collecting data by distributing questionnaires with respondents from various stakeholders, among others BUJT, BPJT, Conventional and Islamic Insurance. Data obtained from the questionnaire used for further analysis. <br /> <br /> <br /> As a multi-criteria analysis results obtained by the selection criteria of the most influential to respondents are based on the financial aspect with the weight of 0.530 with the sub-criteria that the premium cost with the weight of 0.408, also with a comprehensive risk insurance weight 0,568 and with criteria that its products are in accordance with the weight of 0.273.Takaful has the advantages of transparency in the management of funds of participants, managed Islami to avoid Riba (Interest), Maisir (Judi) and Gharar (Unclear).Allocation of surplus underwriting their distribution, their funding and qardh tabarru are loan funds to cope with insufficient funds to pay claims tabarru. <br /> <br /> <br /> The potential advantages of insurance with sharia system above still could be an attraction for the consumer or the BUJT to use Islamic insurance as an alternative to other options. However, insurance with sharia system still has obstacles so that no one has applyit so far.