Original Research Paper
M. Mousavi; A. Khezri
Abstract
Objective: Health shocks have economic costs, including an increase in health expenses due to diseases and a decrease in income due to a decrease in the productivity of the workforce. The increase in these two costs causes information asymmetry, which in turn causes a disruption in the natural mechanism ...
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Objective: Health shocks have economic costs, including an increase in health expenses due to diseases and a decrease in income due to a decrease in the productivity of the workforce. The increase in these two costs causes information asymmetry, which in turn causes a disruption in the natural mechanism of prices in the insurance market and creates Economic effects increase. Therefore, health shocks create functional linkages between national income and insurance markets. Since life insurance is one of the most important branches in the insurance industry, whose growth and development can make a significant contribution to the improvement and growth of the economic situation of countries, the purpose of this study is to investigate the effects of health shocks on the insurance market and economic growth over a period of time. 2000 to 2017.Methodology: In order to investigate the effect of health shocks on insurance consumption and economic growth, first, positive and negative health shocks were extracted using Mork's rule, and then their effect on economic growth and life insurance consumption was examined in the framework of panel data autoregression (PVAR). It placed.Findings: The results of the reaction function showed that due to the low life expectancy and public health level in developing countries compared to developed countries, public spending has higher efficiency, so positive health shocks have accelerated economic growth. Also, regarding the response of life insurance consumption to health shocks, each additional dollar of health expenditure in developed countries was weaker than in developing countries. The results of variance analysis showed that most of the long-term economic growth fluctuations are explained by negative health shocks. The variance analysis of life insurance consumption also showed that after the negative health shock variable itself, they were the most explanatory for life insurance consumption fluctuations. The results of the Granger causality test also showed the causality relationship from health shocks to life insurance consumption and economic growth.Conclusion: The government and insurances play an important and strategic role in promoting health and economic growth. Therefore, any reduction in government resources and insurances will lead to an increase in people's out-of-pocket payments, this is in the case that government spending in the health sector leads to the highest social productivity and in addition to reducing the pain and worries of the people - especially the disadvantaged - in terms of A strategy also achieves minimal public satisfaction.
Original Research Paper
H.A. Bakhtiar Nasrabadi; T. Hasangholipoor; A.A. Vedadhir; M. Badin; S.A. Mira
Abstract
Objective: The lack of comprehensive understanding of the policy holder's purchase behavior as an aspect of social and human interactions can be one of the most important reasons for the underdevelopment of the life insurance market in Iran. Therefore, the aim of the current research is to provide a ...
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Objective: The lack of comprehensive understanding of the policy holder's purchase behavior as an aspect of social and human interactions can be one of the most important reasons for the underdevelopment of the life insurance market in Iran. Therefore, the aim of the current research is to provide a comprehensive understanding of life insurance buying behavior as a cognitive, psychological and behavioral process based on people's lived experience.Methodology: In this research, the qualitative approach and the database theory of Corbin and Strauss (2015) were used as a research method. Data has been collected by conducting in-depth interviews. The statistical sample included 27 potential and actual policyholders, sales representatives and life insurance experts who were selected based on theoretical sampling and continued until theoretical saturation was achieved. The systematic process of the research included open coding, axial coding and selective coding, which was done using the strategies of analysis, questioning, comparison, reminders, schemas and paradigms.Findings: The behavior of buying life insurance in the context of micro and macro environmental conditions and internal or individual conditions is a dialectic between doubt and trust and is based on the trust building process; In such a way that the superiority of doubt or trust in each stage of the process leads to different behaviors.Conclusion: The output of this research is the development of a life insurance buying behavior model in Iran.
Original Research Paper
F. Khamesian; L. Malekian
Abstract
Purpose: This article aims to investigate the effect of production changes caused by the corona pandemic on the liquidity situation of the insurance industry.Methodology: For this reason, first assuming the entry of these changes through the production channel (according to observations) on the economy ...
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Purpose: This article aims to investigate the effect of production changes caused by the corona pandemic on the liquidity situation of the insurance industry.Methodology: For this reason, first assuming the entry of these changes through the production channel (according to observations) on the economy and its transfer to production in the insurance industry, the effect of production changes caused by the Corona pandemic through the extraction of theoretical and long-term relationships of insurance premium production with The economy and the estimation of its coefficients were obtained using the co-accumulated vector autoregression model (with panel data) and further considering the different scenarios for possible changes caused by credit risk and price risk as other effects of the Corona pandemic (through the release of productive liquidity with production reduction) the status of the liquidity index of insurance companies in normal and critical conditions in short-term and long-term conditions has been analyzed and investigated.Findings: The results showed that the decrease in the liquidity index of the insurance industry in short-term and critical conditions in case of a decrease in global GDP growth by 0.5% or 2.8% is equal to 34.14 and 34.18, respectively, and the decrease in the liquidity index in long-term and critical conditions is equal, respectively. 33.07 and 33.12.Conclusion: The above results confirm that insurance companies should increase the ratio of cash balance and assets with high liquidity in the short term in order to cover the mentioned risk in critical conditions. Also, if the aforementioned conditions persist in the long term, they should put on the agenda to increase the holding ratio of liquid assets in the form of gold or stable foreign currencies.
Original Research Paper
M. Parastesh
Abstract
Objective: The need to increase the penetration rate of insurance in Iran requires insurance companies to use new methods to increase people's attention to insurance, attract new customers, and retain old customers. In the meantime, gamification is one of the possibilities of new software in the discussion ...
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Objective: The need to increase the penetration rate of insurance in Iran requires insurance companies to use new methods to increase people's attention to insurance, attract new customers, and retain old customers. In the meantime, gamification is one of the possibilities of new software in the discussion of customer relationship management, which provides the ability to implement attractive and diverse solutions, including scoring, awards, sharing, etc., using the information available in the database of insurance companies. Using it, customers can be divided from different perspectives (loyalty, profitability, etc.).Methodology: In this research, in order to implement the proposed method, the data of the real policyholders of the selected insurance company in the last three years were used while maintaining their security and confidentiality, and the policyholders were divided into 4 special categories, superior, middle and weak, and in order to benefit from various gamification techniques, Appropriate methods were used for each group of them according to the characteristics of gender, age, etc.Findings: The results showed that it is possible to benefit from the items that are used for bonuses and discounts for premium and special insurers. He also used techniques to encourage and improve the level of the policyholder, such as step-by-step progress, for intermediate customers and bringing them to the level of special customers. At the levels of weak customers, marketing techniques and increasing the range of potential customers, such as the possibility of sharing or wheel of chance, can be used.Conclusion: The implementation of the gamification system in the insurance industry, taking into account the levels and unique characteristics of the policyholders, is a broad topic that can be an interesting research field in the future.
Original Research Paper
F. Hajialiakbari; E. Zaban Daan; F. Jafarli
Abstract
Purpose: Takaful insurance is a type of insurance for compensating damages caused by accidents and completing the interest-free banking system.Methodology: This research was a descriptive-exploratory method, which was conducted using Delphi method and interviews with experts. The statistical sample consisted ...
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Purpose: Takaful insurance is a type of insurance for compensating damages caused by accidents and completing the interest-free banking system.Methodology: This research was a descriptive-exploratory method, which was conducted using Delphi method and interviews with experts. The statistical sample consisted of 30 insurance experts of Mihan Insurance Company, who were selected by the snowball method, and this process continued until the theoretical saturation of the researcher was reached, and a total of 30 interviews were conducted. The data collection tool was a researcher-made questionnaire that was prepared using library resources and interviews with experts. The validity of the questionnaire was confirmed using the consistency rate. Data collection was done using the Delphi method in three stages. Descriptive statistics and Delphi inferential methods were used in the data analysis, descriptive analyzes were done with SPSS version 22 software and inferential analyzes were done with Mic Mac software version 6.Findings: The results showed that from the point of view of insurance experts, four components of the total price (cost) of providing insurance services, rules and regulations, statistical research and transparency of the information provided are the most important in the implementation of takaful insurance at the national insurance level, and the total price component is the most important. Has had the most direct effect.Conclusion: The extracted factors can play an effective role in the establishment of takaful system at the national insurance level and help to reduce risk and trial and error.
Original Research Paper
S. Salami; M.R. Baqerzadeh; A. Mehrara; M. Matani
Abstract
Objective: This research was conducted with the aim of identifying the factors of optimal corporate governance in the Iranian insurance company and prioritizing them using the TOPSIS fuzzy method.Methodology: The present research was descriptive-survey based on the mixed method in terms of practical ...
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Objective: This research was conducted with the aim of identifying the factors of optimal corporate governance in the Iranian insurance company and prioritizing them using the TOPSIS fuzzy method.Methodology: The present research was descriptive-survey based on the mixed method in terms of practical purpose and in terms of data collection. In identifying the factors, the theme analysis method was used and in prioritizing the components, the fuzzy TOPSIS method was used. The community of experts in the qualitative phase included 15 Iranian insurance managers and the statistical sample included 152 people in the quantitative phase. Semi-structured interviews and questionnaires were also used as data collection tools.Findings: The research model was obtained in the form of 5 optional codes, 12 core codes and 74 sub-themes using the Delphi method from the consensus of experts. In surveying the research model, the components were ranked based on value weights. The results showed that the component of separation of the role of the chairman of the board of directors and the CEO had the highest value weight and the component of the selected employee representative had the lowest value weight among 74 indicators.Conclusion: Corporate governance is an optimal tool to protect the rights of shareholders and beneficiaries in the insurance industry.
Original Research Paper
A. Hayati; M. Najafikhah
Abstract
Purpose: The action of oil companies to explore and develop oil and gas fields in deep waters, remote and far from land, has led to an increase in demand for complex insurance solutions. Based on this, the present article has been compiled with the aim of examining the most important legal points of ...
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Purpose: The action of oil companies to explore and develop oil and gas fields in deep waters, remote and far from land, has led to an increase in demand for complex insurance solutions. Based on this, the present article has been compiled with the aim of examining the most important legal points of the most common form of insurance related to construction projects in the offshore oil industry, known as "Volcar", which despite its importance and use, the examination of its provisions in previous domestic studies There is no history.Methodology: The present comparative study was done with descriptive-analytical method.Findings: This research has first given an introduction to construction projects. Then, he explained the nature, topic, importance and main reasons for compiling Volkar insurance policy. The major findings in the policy terms section include the identification of multiple insurers, the duration of insurance coverage for various equipment, and how defective parts are covered. In the final section, which is about the effects of the insurance policy, the effect of the violation of the terms of the insurance policy by one of the policyholders on the rights of the other policyholders and the obligations of the parties has been examined.Conclusion: The results of the research indicate that the predominance of insurers' concerns in some issues of this project and all-risk insurance policy, such as the conditions of insurance coverage of defective parts, has led to the formulation of clauses that preserve most of their interests.
