Original Research Paper
N. Mazlomi; J. Babajani; R. Jafari
Abstract
The main purpose of this article is to determine the level of capital that can meet the conflicting expectations of shareholders and the supervisory body. In this regard, using statistical data, the loss coefficients for the period 1370-1396 of four insurance companies "A", "B", "C" and "D" and based ...
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The main purpose of this article is to determine the level of capital that can meet the conflicting expectations of shareholders and the supervisory body. In this regard, using statistical data, the loss coefficients for the period 1370-1396 of four insurance companies "A", "B", "C" and "D" and based on the instructions for calculating the required capital, the required capital from the perspective of the supervisor, with The value at risk method (variance-covariance parametric method) is used and calculated in the form of internal modeling. Then, based on the cost of capital method and based on the risk margin and cost-benefit method, the optimal capital was determined for insurance companies both from the point of view of the central insurance and from the point of view of the shareholders. The results indicate that the optimal available capital for four insurance companies A, B, C and D is about 130,069, 35,478, 20,897 and 13,177 billion Rials, respectively, and the ratio of minimum and balance financial prosperity is about 164.4%, 164.9%, respectively. 241.2% and 120.9% were estimated to meet both the expectations of shareholders (return on capital) and the buyers of shares of these companies (the cost of providing required capital) and the expectations of the Central Insurance of Iran (required capital) as an insurance supervisor.
Original Research Paper
M.R. Chaghomi; Gh.R. Keshavarz Haddad; M. Vesal; E. Kradgar
Abstract
Pursuant to Article 8 of Regulation No. 74 of Supplemental Medical Insurance, which insurance companies were required to implement from the beginning of 2010, insurance companies are given the opportunity to conduct medical tests and examinations on groups with less than 50 members, and considering According ...
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Pursuant to Article 8 of Regulation No. 74 of Supplemental Medical Insurance, which insurance companies were required to implement from the beginning of 2010, insurance companies are given the opportunity to conduct medical tests and examinations on groups with less than 50 members, and considering According to the health questionnaire or examinations, refuse to insure a person or persons from the company or provide coverage for the cost of childbirth and diseases that have a previous history. The purpose of this research is to investigate the effect of this article on the rate of selection bias in small companies, using the registered data of group therapy policyholders of an insurance company during the years 2015-2016. To investigate the research hypothesis, which states that the implementation of Article 8 of this regulation will reduce bias in small companies, the regression discontinuity study design method has been used. The results of this research indicate that the implementation of this regulation has no effect on reducing bias in small companies. In addition, the implementation of this regulation will motivate the insured groups to increase the number of employees applying for insurance up to the threshold level (50 people).
Original Research Paper
A. Alinezhad; S. Kashanifar
Abstract
In this research, in order to manage and control the credit risk of customers, from the combination of two models of discriminant analysis and data coverage analysis to detect the presence or absence of an overlap between two groups by means of a separating hyperscreen and assuming the existence of each ...
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In this research, in order to manage and control the credit risk of customers, from the combination of two models of discriminant analysis and data coverage analysis to detect the presence or absence of an overlap between two groups by means of a separating hyperscreen and assuming the existence of each observation with independent characteristics with The presence of fuzzy data, the observations were categorized into two categories of good customers and bad customers. The variables of this research were selected from the 6C method, and out of the 17 selected indicators, using the Delphi method, 8 influential indicators were included in the research model. These indicators were used for 83 real customers of a leasing company who received facilities during 2013 and 2014. The results show that each of the observations is definitively placed in the category of good customers and bad customers, and with the arrival of each new observation, its credit status is predicted.
Original Research Paper
H. Rezghi Shirsavar; M. Vali
Abstract
Utilizing the methods of improvement, evaluation, prioritization and performance control help the organization in knowing the extent of achieving the goals. In this research, to evaluate the performance of insurance companies by reviewing the literature and the background of the research, the effective ...
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Utilizing the methods of improvement, evaluation, prioritization and performance control help the organization in knowing the extent of achieving the goals. In this research, to evaluate the performance of insurance companies by reviewing the literature and the background of the research, the effective criteria on performance evaluation were identified, and then through the opinions of experts, 18 important criteria were screened and by using the gray multi-criteria decision-making method, the performance indicators of an insurance company were prioritized. Is. This research is a descriptive-survey research in terms of its nature and research method, and the indicators are ranked by fuzzy hierarchical analysis method. Based on the results, the average value of experts' opinions was calculated using fuzzy Delphi method for 18 indicators out of 23 suggested indicators above 7, so it can be said that 18 indicators are approved. Also, the results show that investment risk is the most important factor in performance evaluation and should have the most weight in the evaluation. Relatively speaking, investment risk, advertising and marketing costs, and the use of electronic technology in insurance industry services are the most influential factors in financial criteria, customer, and internal processes and services in evaluating the performance of the insurance company.
Original Research Paper
E. Sarkhosh
Abstract
The shipping industry is considered one of the most important and efficient fields in the world. Due to the fact that various accidents always threaten this industry, the fear of losses caused by these accidents has led to the adoption of methods to compensate these losses, especially through the insurance ...
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The shipping industry is considered one of the most important and efficient fields in the world. Due to the fact that various accidents always threaten this industry, the fear of losses caused by these accidents has led to the adoption of methods to compensate these losses, especially through the insurance industry. Despite the expansion of the activities of the marine insurance industry, there are still a group of risks and risks that ordinary marine insurance companies do not provide coverage for due to the high cost of these risks; But on the other hand, the commonness of these risks has caused the ship owners to form non-profit clubs that can compensate for these losses and protect their assets as much as possible. Today, due to the efficiency of these clubs and the existence of legal and international requirements, shipping companies are forced to draw up contracts and benefit from the services and coverage provided by these clubs. Our country has not been exempted from this rule due to the existence of a large fleet, the level of mobility and activity of the ports and the special geographical location. Therefore, considering the importance of these clubs, in this article we will analyze their nature, structure and characteristics, which according to the author of the registration of support and compensation clubs in the form of a non-profit organization and what happened in practice in the case of the only Iranian support and compensation club from a legal point of view It is not correct and the correct format in which support and compensation clubs can be formed and operate is the format of a joint stock company.
Original Research Paper
A. Pouresmaeili; A. Borzoei
Abstract
The prohibition of riba in Islamic economy has caused Muslim economists to design and introduce special financial institutions to avoid usury to replace common financial institutions. Among these efforts in the past four decades, it has been in the field of insurance, and efforts have been made to design ...
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The prohibition of riba in Islamic economy has caused Muslim economists to design and introduce special financial institutions to avoid usury to replace common financial institutions. Among these efforts in the past four decades, it has been in the field of insurance, and efforts have been made to design an alternative insurance model based on Islamic regulations; Because one of the most important objections of Muslim economists to the insurance institution is its usury. Therefore, Muslim experts introduced an alternative institution that is rooted in Sharia rulings and is based on the principle of cooperation in order to solve the aforementioned problems. According to these experts, the institution of "Takaful" as an Islamic insurance can replace the common insurance. Takaful is designed for the purpose of mutual cooperation, cooperation and fair distribution of profits and losses among all parties around the contract, and so far several contract models have been presented for this Islamic financial institution. The two takaful models based on Mudarabah and Wakalat are among the common models of this financial institution, which have also undergone reforms and adjustments, but the takaful model based on the deposit contract has been introduced as one of the new models, which is not so comprehensive compared to the previous two models. is not. This article tries to examine takaful based on the contract of deposit and its adaptation to the rules of Shia jurisprudence.
