Document Type : Original Article
Authors
1
Department of Financial Management, Branch of South Tehran, Islamic Azad University, Tehran, Iran
2
Department of Financial Management, Branch Of South Tehran., Islamic Azad University, Tehran, Iran
10.30510/psi.2022.352377.3750
Abstract
Purpose: This research aims to study the effect of economic uncertainty on the performance of insurance companies. The insurance industry is one of the indicators of development on the one hand and one of the most important economic institutions, and on the other hand it supports the activities of other institutions.
Methodology: In this research, the independent variable is economic uncertainty, which for its calculation is one of the macroeconomic variables, which includes three components: 1- economic growth rate, 2- inflation rate, 3- unemployment rate, and the dependent variable is insurance performance, which has three indicators. 1-Profit margin 2-Return on assets 3-Customer satisfaction was measured. In the inferential statistics section, it is used to test hypotheses and find relationships between variables. In this research, structural equations using pls method are used to test the hypotheses
Findings: The results showed that macroeconomic variables have a significant relationship with the performance of the insurance industry, and non-financial variables also have a significant relationship with the performance of the insurance industry.
Conclusion: Today, in most countries, the issue of economic uncertainty is one of the most important economic issues. Phenomena such as growth, unemployment, inflation, arise in any country for any reason. The results showed: macroeconomic variables (growth rate, inflation rate, unemployment rate) have a significant relationship with the performance of the insurance industry. Also, non-financial variables (political stability, independence of insurance companies from the government) have a significant relationship with the performance of the insurance industry.
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