Identifying the effective dimensions of decentralized insurance for businesses in the field of financial technology based on blockchain and artificial intelligence

Poorhadi Poshtiri, Z.; Gholipour Soleimani, A.; Delafrooz, N.; Shahroudi, K.

doi:10.22056/ijir.2025.01.01

Document Type : Original Research Paper

Authors

Department of Business Administration, Faculty of Management and Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran

https://doi.org/10.22056/ijir.2025.01.01

Abstract

BACKGROUND AND OBJECTIVES: Financial technologies, as emerging global phenomena, have extended people's financial relationships beyond the borders of countries and have placed a new financial ecosystem in front of contemporary people without the need for centralized infrastructure. Hence, profiting from these technologies and minimizing their risks requires more research. Therefore, the current research seeks to explain, identify, and evaluate the effective dimensions of decentralized insurance for businesses in the field of financial technology based on blockchain and artificial intelligence.
METHODS: The approach of the current research is a mixed method. Within the qualitative stage, the Grounded Theory Method was utilized, and within the quantitative stage, the descriptive-correlation method was used. For analyzing the qualitative data obtained from the interviews, we used open, axial, and selective coding techniques. Qualitative findings were analyzed by MAXQDA software, and in conclusion, a conceptual model of decentralized insurance for businesses in the field of financial technology based on blockchain and artificial intelligence was extracted. In the quantitative stage, validation of the model was done using the structural equation modeling method with the partial least squares method using PLS software.
FINDINGS: A total of 424 codes extracted from 14 semi-structured interviews with experts in the research field were converted into 47 concepts, and finally, 21 categories were identified. Quantitative findings also indicate the confirmation of all hypotheses of the proposed model.
CONCLUSION: The results of the research show that one way to benefit from financial technologies and minimize their risks is to study the insurance industry. Based on this, the codification of laws and regulation of decentralized insurance and transformative technologies, the strategies development of research through new technologies such as blockchain and artificial intelligence will lead to the results of research and ultimately digital transformation in the insurance industry.

Keywords

Main Subjects

New Insurance Technologies

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Iranian Journal of Insurance Research

Identifying the effective dimensions of decentralized insurance for businesses in the field of financial technology based on blockchain and artificial intelligence

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Volume 14, Issue 1 - Serial Number 51
December 2025
Pages 1-12

Identifying the effective dimensions of decentralized insurance for businesses in the field of financial technology based on blockchain and artificial intelligence

References

References

Letters to Editor

Send comment about this article

Volume 14, Issue 1 - Serial Number 51December 2025Pages 1-12

Volume 14, Issue 1 - Serial Number 51
December 2025
Pages 1-12