Original Research Paper
H. Zobeiri; M. Motevaseli; M. Ahrari
Abstract
Several studies have been conducted on the relationship between life insurance and economic growth, based on conventional economic attitudes and in the framework of macro models of economic growth, but less attention has been paid to its development aspects. The present research tries to explain and ...
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Several studies have been conducted on the relationship between life insurance and economic growth, based on conventional economic attitudes and in the framework of macro models of economic growth, but less attention has been paid to its development aspects. The present research tries to explain and analyze the developmental effects of life insurance from the perspective of social capital. For this purpose, the causal relationships between per capita life insurance and social capital for two selected groups of developed and developing countries have been investigated using the evolutionary and non-linear GMDH algorithm in the framework of neural network structure. The results of this research show that there is a two-way non-linear causality between social capital and life insurance per capita in developed countries, while there is a one-way causality from life insurance per capita to social capital in selected developing countries. Therefore, per capita life insurance has a much stronger effect on social capital for both groups of countries.
Original Research Paper
S.A.R. Abtahi; Y. Rashnavadi; A. Rezamand Chaleshtori
Abstract
Companies in the insurance market can be more successful in the competition when they carefully consider the mutual behaviors and strategies of competitors in order to determine the appropriate strategy for increasing the share of insurance in all economic activities, in addition to considering internal ...
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Companies in the insurance market can be more successful in the competition when they carefully consider the mutual behaviors and strategies of competitors in order to determine the appropriate strategy for increasing the share of insurance in all economic activities, in addition to considering internal capabilities. An effective approach for analyzing the mutual behavior of competitors and making decisions based on it is game theory. In this research, with the help of game theory, insurance industry market modeling has been done with the aim of increasing the market share. For this purpose, the competition between three private insurance companies with the aim of maximizing the three criteria of portfolio, profit, and income (the total income that is recognized and collected in the heading of investment income, in the financial statements of insurance companies) has been investigated and using the theory Games are modeled. The result of applying the theory of games shows the Pareto solution. In this competition, both by emphasizing the lost utility of each company and by emphasizing the total lost utility of all companies, a single result has been obtained. Insurance companies can use the approach presented in this research to determine their best strategy for successful presence in the market and increase their market share in competition with other competitors.
Original Research Paper
S. Bajalan; M. Namdar
Abstract
The possibility of bankruptcy for insurance companies is a key factor that should be considered. In this research, by using the Thames approximation method, the final bankruptcy probability of the third party insurance portfolio of an Iranian insurance company was estimated. For this purpose, first, ...
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The possibility of bankruptcy for insurance companies is a key factor that should be considered. In this research, by using the Thames approximation method, the final bankruptcy probability of the third party insurance portfolio of an Iranian insurance company was estimated. For this purpose, first, by using the loss data adjusted according to inflation from 2016 to 2018, the surplus function of the company's portfolio has been modeled as a compound Poisson stochastic process. According to the studies, the best distribution for modeling the distribution of damage intensity, among the different distributions investigated, is the Gamma distribution. Then, the adjustment coefficient is estimated as an important input parameter of Thames approximation using Decker's algorithm. Finally, the probability of bankruptcy has been estimated using the Thames approximation under different scenarios regarding the amount of initial surplus. The results of the research confirm the relatively high probability of the final bankruptcy of the company, which indicates the need to adopt management policies in order to reduce this probability.
Original Research Paper
M. Nazari; M.J. Asharipour
Abstract
One of the important methods of implementing and expanding the level of health and treatment in the society is the use of supplementary treatment insurance coverage. Price satisfaction is one of the important aspects of customer satisfaction of these services. On the other hand, one of the concepts that ...
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One of the important methods of implementing and expanding the level of health and treatment in the society is the use of supplementary treatment insurance coverage. Price satisfaction is one of the important aspects of customer satisfaction of these services. On the other hand, one of the concepts that is used to study customers' reaction to price is their willingness to pay. In this research, Matzler's standard questionnaire was used to collect data related to price satisfaction, and the conditional evaluation method in the form of a payment card was used to extract the willingness to pay of insurance policy holders. The statistical population of the research is complementary treatment insurance policyholders in Iran Insurance Company in Tehran with 383 questionnaires. The average willingness of people to pay for the extension of supplementary treatment insurance is 14.46462 Tomans (with a standard deviation of 19149.536) per person and per month. Structural equation modeling and partial least squares method with Smart PLS software were used for data analysis. The results indicate that price satisfaction explains 84.4% of the changes in willingness to pay, and among the dimensions of price satisfaction, price-quality ratio has the greatest effect and price reliability has the least effect on the willingness to pay of policyholders.
Original Research Paper
M.M. Asgari; M. Sadeghi; S.A. Hosseini; S. Seiflou
Abstract
Previous investigations have shown that it is not possible to find the Shariah license or sanctity of insurance securities except through a case-by-case investigation. In terms of number and volume, the papers of catastrophic events have the largest amount and they have been given the most attention ...
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Previous investigations have shown that it is not possible to find the Shariah license or sanctity of insurance securities except through a case-by-case investigation. In terms of number and volume, the papers of catastrophic events have the largest amount and they have been given the most attention among jurisprudence studies. Therefore, according to the importance and size of the market as a selected sample, the current research has been selected and an attempt has been made to examine the jurisprudence of this type of paper based on a methodology based on scenario analysis and emphasis on the expert aspect and precision of the subject. The results of the research in the form of analyzing two scenarios show the legality of these papers in both scenarios.
Original Research Paper
J. Ebadi; G. Mahdavi Kelishomi; M. Haeri
Abstract
This article proposes a theoretical framework to find the selection theory governing the insurance market. This issue is one of the most important issues related to the determination of the appropriate insurance premium and the further development of the insurance industry in the economy of countries. ...
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This article proposes a theoretical framework to find the selection theory governing the insurance market. This issue is one of the most important issues related to the determination of the appropriate insurance premium and the further development of the insurance industry in the economy of countries. For this purpose, first, through utility maximization, the demand function of life insurance and savings for a typical individual was extracted; Then, the potential customers of the insurance company were divided into low-risk and high-risk groups, and the demand functions for these groups were obtained using numerical simulation. The modeling done by taking into account the issue of people entering and exiting the market by means of the Astana insurance premium has led to the creation of broken life insurance and savings demand functions. Finally, by comparing the demand functions of different customer groups, the type of choice theory governing the life insurance and savings market has been determined. The results show that the theory of choice governing the life insurance and savings market, according to the amount of the premium, is of the type of strong adverse selection or weak adverse selection. Considering that reducing the premium reduces the difference between the demand of two groups, it can be introduced as an expression to reduce the power of adverse selection in the life insurance and savings market.
