Original Research Paper
M. Haghighi Kafash; H. Dehghanan; M. Jalali
Abstract
One of the most important major changes that have recently occurred in the field of financial services is the emergence and development of "Bank-Insurance". The purpose of the article is to review the concepts of the emergence and development of "Bank-Insurance" in the world and Iran, to identify and ...
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One of the most important major changes that have recently occurred in the field of financial services is the emergence and development of "Bank-Insurance". The purpose of the article is to review the concepts of the emergence and development of "Bank-Insurance" in the world and Iran, to identify and prioritize the motivations and some obstacles to its formation. The research method is descriptive in terms of purpose and practical in terms of results. The research strategy in the qualitative part is the Delphi method and in the quantitative part, the hierarchical analysis process is one of the multi-criteria decision making methods. In this research, first by using primary studies and library sources, and then by using a questionnaire and Delphi interview with university professors and banking and insurance experts, the final research model has been determined and the prioritization results related to it have been extracted. Finally, 9 motivational criteria were identified and ranked, among which, increasing profitability has the highest priority and internationalization of activities has the lowest priority. Also, in this article, some obstacles in the formation of "Bank-Insurance" have been identified and introduced.
Original Research Paper
S. Asadi Gharagoz; A. Arshadi; Gh. Haji
Abstract
Life insurance is one of the most important fields of insurance that has an effective role in financial development and as a result economic growth. Examining the historical course of this insurance industry shows that life insurance was one of the first insurances that was used in Iran, but its progress ...
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Life insurance is one of the most important fields of insurance that has an effective role in financial development and as a result economic growth. Examining the historical course of this insurance industry shows that life insurance was one of the first insurances that was used in Iran, but its progress has been so slow despite the increasing development of insurance types that it has almost remained far from the country's insurance industry. . Therefore, according to the importance of the subject, the purpose of the current research is to investigate the factors affecting the development of the life insurance industry in developed countries and Iran between the periods of 1985-2014 in a comparative manner. The results of the estimation of the coefficients show that among the variables examined for developed countries, respectively, the education level, urbanization rate, interest rate, and inflation rate, and for the country of Iran, life expectancy, real gross domestic product, education level, urbanization rate, rate Interest and inflation rate have had the greatest impact on the dependent variable (insurance penetration coefficient).
Original Research Paper
A. Omrani; M.R. Faghihi Habibabadi
Abstract
In their financial statements, insurance companies often use the chain ladder method to forecast claims reserves. The chain ladder method is based on accumulated data and years of claims development in the triangle of future obligations. This triangle is a summary of the datasets for individual claims. ...
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In their financial statements, insurance companies often use the chain ladder method to forecast claims reserves. The chain ladder method is based on accumulated data and years of claims development in the triangle of future obligations. This triangle is a summary of the datasets for individual claims. In this paper, the framework of state-dependent signed Poisson process, and statistical tools for recurrence events in single claims are used for a method of storage under the title of small-level random loss storage. Details of the time of claim occurrence, time of delay in claim reporting, times between payments and amounts of payments made, and information on the time of final settlement of claims are used in calculating the micro level reserve. To evaluate the new model, the data set of an Iranian insurance company has been considered; By using these data sets and simulating the damage reserve with the micro level model, it was shown that the use of the small level random damage reserve model has a close estimate to the actual amount of the required loss reserve for the coming years.
Original Research Paper
H. Taheri Goudarzi
Abstract
This research was carried out with the aim of explaining the effect of organizational intelligence on organizational learning with regard to the modifying role of employees' self-development in Parsian Insurance Company. The research method was selected based on descriptive-survey data collection. The ...
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This research was carried out with the aim of explaining the effect of organizational intelligence on organizational learning with regard to the modifying role of employees' self-development in Parsian Insurance Company. The research method was selected based on descriptive-survey data collection. The statistical population of the research was made up of 260 employees of Parsian Insurance Company, of which 152 people were selected as a sample using Cochran's formula. Albrecht's organizational intelligence (2003), Nife's organizational learning (2001), and George and Singh's (2009) employee self-development questionnaires were used to collect data. The results of data analysis through simple linear regression test and structural equation modeling method using SPSS and AMOS software showed that organizational intelligence and its components (strategic perspective, common destiny, willingness to change, morale, unity and agreement, application of knowledge, and pressure performance) due to the modifying role of employees' self-development have an effect on organizational learning.
Original Research Paper
S. Asadi; A. Albadvi; A. Husseinzadeh Kashan
Abstract
The challenge that the insurance companies' financial system is facing today is to understand the concept of risk and then measure and quantify the risk. One of the important risks of an insurance company is the market risk caused by investment. The main purpose of this article is to eliminate the shortcomings ...
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The challenge that the insurance companies' financial system is facing today is to understand the concept of risk and then measure and quantify the risk. One of the important risks of an insurance company is the market risk caused by investment. The main purpose of this article is to eliminate the shortcomings and defects of the regulations on how to calculate and monitor the financial solvency of insurance institutions and to take into account more precisely the characteristics of financial time series to estimate the value at risk of the investment portfolio (shares of stock exchange companies, foreign exchange accounts, and real estate). First, we use GARCH models to model the marginal distributions of the time series of the logarithm of returns. Then, using the genetic algorithm meta-heuristic method, we model the distribution sequences to obtain the best threshold in the Frein value theory and use the detailed function to model the correlation between the marginal distributions. The post-testing methods show that the proposed model performs better than the traditional model of historical simulation and the results obtained from the T-Student detailed function are more acceptable and the market risk coefficient was equal to %403.9.
Original Research Paper
Kh. Ahmadi
Abstract
Law "Compulsory insurance of damages caused to third parties as a result of accidents caused by vehicles in 2015" by removing the phrase "civil liability of the holder" from the title of the law and also the obligation of insurance companies and funds to pay damages to the injured persons even in the ...
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Law "Compulsory insurance of damages caused to third parties as a result of accidents caused by vehicles in 2015" by removing the phrase "civil liability of the holder" from the title of the law and also the obligation of insurance companies and funds to pay damages to the injured persons even in the face of traffic accidents caused by Cairo authority has separated the conditions of responsibility of responsible persons from the insurance law. The aforementioned law has established many innovations in the field of strengthening insurance deterrence, such as recovery of damage, protection of the insured, including the removal of add-ons, and protection of insurers, including the absence of obligation to provide insurance services. Although the legislator has enacted various regulations to strengthen the aspect of deterrence, just as traffic accidents require special regulations, the conditions and rules related to the civil liability of persons involved in traffic accidents also require special regulations. General liability conditions may make insurance regulations ineffective.
