The Influence of Price and Quality of Service to Customer Satisfaction and the Impact on Customer Loyalty in Pt. Asuransi Wahana Tatasales Office Medan

Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 5

Abstract

One of the services that are increasingly needed by society today is insurance services. The need for insurance services is increasingly, both by individuals and businesses in Indonesia. Insurance promises protection to the insured against the risks faced by individuals and the risks faced by the company. In such responsibilities, there are three factors that are considered important to maintain the survival of insurance companies, namely price, service quality, and customer satisfaction. These three factors are also used as variables in this study with the aim of finding the influence of price and service quality on customer satisfaction and its impact on customer loyalty. The population in this study all customers of PT Asuransi Wahana Tata Medan by usingsampling techniques accidental as many as 93 samples. The analytical method is a path analysis method. The results showed that prices have a positive and significant influence on customer satisfaction, service quality has a positive and significant influence on customer satisfaction, prices do not have a positive and insignificant influence on customer loyalty, service quality does not have a positive and insignificant influence on customer loyalty, Customer satisfaction has a positive and significant influence on customer loyalty, prices directly affect customer loyalty.

Authors and Affiliations

Elwin Royen Sitompul, Paham Ginting

Keywords

Related Articles

Analytic Hierarchy Process Method In Arranging Grand Design Of Food Estate In The Development Of Fishing Industry In Southeast Sulawesi

This study aimed to arrange grand design of food estate industry processing fishery based in the principles of integrated among the sectors of the fishing industry through trades and services sectors. The method used to...

Public expenditure and poverty reduction in the WAEMU zone

The fight against poverty is increasingly at the centre of debates, seminars, symposia and workshops on economic and social development policies. This issue is of equal concern to the governments of poor countries and to...

Foreign Direct Investment and Stock Market Development in Nigeria: Evidence from Ardl Bound Test Approach to Cointegration

This study examines the impact of foreign direct investment (FDI) on stock market development in Nigeria using annual data from 1981 to 2016. The variables such as stock market development proxied by market capitalizatio...

Budgetary Externalities inthe Countries ofthe Economic and Monetary Union of West Africa

This article examines fiscal externalities within the West African Economic and Monetary Union from 1980 to 2015 using the autoregressive distributed delay (ARDL) approach. Empirical results indicate that public investme...

Effect of Trading Activity on Financial Leverage and Financial Distress Likelihood of Listed Firms in Kenya

Over the years, numerous cases of financial distress have been witnessed among listed firms in Nairobi Securities Exchange. Trading activity affects corporate financial decisions by reducing cost of capital and facilitat...

Download PDF file
  • EP ID EP414939
  • DOI 10.9790/5933-0905030108.
  • Views 174
  • Downloads 0

How To Cite

Elwin Royen Sitompul, Paham Ginting (2018). The Influence of Price and Quality of Service to Customer Satisfaction and the Impact on Customer Loyalty in Pt. Asuransi Wahana Tatasales Office Medan. IOSR Journal of Economics and Finance (IOSR-JEF), 9(5), 1-8. https://europub.co.uk/articles/-A-414939