Volume 5, Issue 1 (3-2022)
Iran J Health Insur 2022, 5(1): 44-51 |
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Ghafoor Boroujerdi M, Mousavi M H. The Impact of COVID-19 Pandemic on Written Policy Number and Claim Number of Life Insurance in Iran. Iran J Health Insur 2022; 5 (1) :44-51
URL: http://journal.ihio.gov.ir/article-1-194-en.html
URL: http://journal.ihio.gov.ir/article-1-194-en.html
1- Department of Economics, Faculty of Social and Economic Sciences, Al-Zahra University, Tehran, Iran , q.boroujerdi@gmail.com
2- Department of Economics, Faculty of Social and Economic Sciences, Al-Zahra University, Tehran, Iran
2- Department of Economics, Faculty of Social and Economic Sciences, Al-Zahra University, Tehran, Iran
Abstract: (1942 Views)
Introduction: One of the insurance disciplines that is closely related to Covid-19 and its deadly consequences is life insurance. Accordingly, in order to make appropriate decisions and policies, a comprehensive study of this disease and its effects on life insurance is essential. The purpose of this article is to investigate the effect of Covid-19 pandemic on the number of insurance policies issued and life insurance claims in Iran.
Methods: The present study was performed qualitatively and quantitatively in 2021. In the qualitative part, comparative study and qualitative analysis (content analysis) were used. In a small part, the studied data were collected from Sanhab system and central insurance statistical yearbook. The sample studied in this section includes information of the first 9 months of 2018 to 2020 in 26 insurance companies. Data were categorized using Excel software version 2016 and this data was analyzed using E-Views software version 11.
Results: The results of the revealed statistical facts show that the number of life insurance claims has increased in most countries of the world due to the Covid-19 pandemic, but the effect of this virus on people's willingness to buy life insurance and life insurance policy issued is different. Also, the results of the regression model show that in Iran, the average of both variables, the number of life insurance policies issued and the number of life insurance claims with the prevalence of Covid-19 has increased significantly.
Conclusion: Since the prevalence of Covid-19 has increased the number of life insurance claims and this issue can be to the detriment of insurance companies, it is necessary for insurance companies in interaction with related centers and institutions to take the necessary measures regarding self-care training for individuals. Insurers can also diversify their activities to control the adverse effects of the epidemic.
Methods: The present study was performed qualitatively and quantitatively in 2021. In the qualitative part, comparative study and qualitative analysis (content analysis) were used. In a small part, the studied data were collected from Sanhab system and central insurance statistical yearbook. The sample studied in this section includes information of the first 9 months of 2018 to 2020 in 26 insurance companies. Data were categorized using Excel software version 2016 and this data was analyzed using E-Views software version 11.
Results: The results of the revealed statistical facts show that the number of life insurance claims has increased in most countries of the world due to the Covid-19 pandemic, but the effect of this virus on people's willingness to buy life insurance and life insurance policy issued is different. Also, the results of the regression model show that in Iran, the average of both variables, the number of life insurance policies issued and the number of life insurance claims with the prevalence of Covid-19 has increased significantly.
Conclusion: Since the prevalence of Covid-19 has increased the number of life insurance claims and this issue can be to the detriment of insurance companies, it is necessary for insurance companies in interaction with related centers and institutions to take the necessary measures regarding self-care training for individuals. Insurers can also diversify their activities to control the adverse effects of the epidemic.
Keywords: Life Insurance, Covid-19, Number of Life Insurance Policies Issued, Number of Life Insurance Claims
Type of Study: Research |
Subject:
Special
Received: 2021/07/26 | Revised: 2022/07/5 | Accepted: 2022/02/27 | ePublished: 2022/06/25
Received: 2021/07/26 | Revised: 2022/07/5 | Accepted: 2022/02/27 | ePublished: 2022/06/25
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