نسترن تاراج
"An Assessment of The Impact of Reinsurance Programs on Financial Performance of General Insurance Companies in Iran"
- مقطع تحصیلی
- کارشناسی ارشد
- محل دفاع
- بیمه اکو
- شماره ساختمان محل ارائه
- ۵۹
- نام کلاس محل ارائه
- کلاس ۱۰۳[۲۶۱۰۳]
- شماره کلاس محل ارائه
- ۱۰۳
- تاریخ دفاع
- ۳۰ بهمن ۱۴۰۱
- ساعت دفاع
- ۱۱:۰۰
- چکیده
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Reinsurance is a major risk and capital management tool and a mechanism for spreading the risk. Insurers most of the time, purchase reinsurance because it relief underwriting capacity, protects them from catastrophic risks, stables their financial situations, and reduces the risk of bankruptcy. This study explains reinsurance and its different types and examines the impact of reinsurance programs on the financial performance of general insurance companies in Iranian insurance market by using the data of ۱۷ general insurance firms in the period of ۱۱ years from ۲۰۱۲ to ۲۰۲۲. This study adopted the correlational research design and sought to test the sign of significant relationship between dependents variables, Return on Assets (ROA) and Return on Equity (ROE) as profitability indicators, and the set of independents variables: Net Claims Ratio, Ratio of Ceded Reinsurance, and Net Commission Ratio, as reinsurance indicators. The study used annual report of insurance market published by CII and financial statements of insurance firms obtained from CODAL website. The panel data regression analysis was chosen to determine the best models with the help of EViews ۱۲ computer software. The study finds out there is a positive but insignificant relationship between reinsurance and profitability. Likewise, the net commission ratio has an insignificant positive relationship with financial performance. However, the net claim ratio affects negatively and significantly the financial performance of Iranian insurance companies.
- Abstract
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Reinsurance is a major risk and capital management tool and a mechanism for spreading the risk. Insurers most of the time, purchase reinsurance because it relief underwriting capacity, protects them from catastrophic risks, stables their financial situations, and reduces the risk of bankruptcy. This study explains reinsurance and its different types and examines the impact of reinsurance programs on the financial performance of general insurance companies in Iranian insurance market by using the data of ۱۷ general insurance firms in the period of ۱۱ years from ۲۰۱۲ to ۲۰۲۲. This study adopted the correlational research design and sought to test the sign of significant relationship between dependents variables, Return on Assets (ROA) and Return on Equity (ROE) as profitability indicators, and the set of independents variables: Net Claims Ratio, Ratio of Ceded Reinsurance, and Net Commission Ratio, as reinsurance indicators. The study used annual report of insurance market published by CII and financial statements of insurance firms obtained from CODAL website. The panel data regression analysis was chosen to determine the best models with the help of EViews ۱۲ computer software. The study finds out there is a positive but insignificant relationship between reinsurance and profitability. Likewise, the net commission ratio has an insignificant positive relationship with financial performance. However, the net claim ratio affects negatively and significantly the financial performance of Iranian insurance companies.