Risk management in insurance industry amid the health crisis: A study of a sample of damage insurance companies in algeria

• Autores: Malika Mahdid, Nouara Boulfoul
• Localización: International Journal of Professional Business Review: Int. J. Prof.Bus. Rev., ISSN 2525-3654, ISSN-e 2525-3654, Vol. 9, Nº. 5, 2024 (Ejemplar dedicado a: Continuous publication; e04680)
• Idioma: inglés
• DOI: 10.26668/businessreview/2024.v9i5.4649
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    RESUMO Objetivo: Este estudo analisou a eficácia da gestão de risco no setor dos seguros à luz da crise sanitária das companhias de seguros argelinas, estimadas em 24 empresas.

    Metodologia: Neste estudo, utilizamos um instrumento de questionário que inclui perguntas fechadas, divididas em quatro eixos, com o intuito de analisar o quarto eixo, composto por seis perguntas. As respostas de 13 companhias de seguros de danos foram analisadas com o auxílio do programa estatístico SPSS, empregando diversos métodos estatísticos.

    Resultados e conclusões: O estudo permitiu concluir que as companhias de seguros confiam na atribuição de comissões participativas a todas as especializações para a previsão de riscos futuros. Isso se explica pela presença de significância estatística na identificação de alternativas e na escolha do método adequado. Além disso, a maioria das respostas apresentou uma taxa de concordância de 100% e ficou em primeiro lugar de acordo com o ranking das frases da amostra do estudo.

    Originalidade/Valor: As conclusões deste estudo revelam a adaptabilidade dinâmica do setor dos seguros em resposta aos desafios globais, demonstrando seu papel fundamental na manutenção da estabilidade econômica e na facilitação do crescimento em tempos de crise. Essas conclusões não apenas refletem a resiliência do setor, mas também destacam a importância da inovação contínua e da previsão estratégica para navegar nas complexidades do panorama econômico moderno.

  • português

    RESUMEN Propósito: Este estudio examinó la eficacia de la gestión de riesgos en el sector de seguros a la luz de la crisis sanitaria de las compañías de seguros argelinas, estimadas en 24 empresas.

     Metodología: En este estudio, se utilizó un instrumento de cuestionario que incluye preguntas cerradas, dividido en cuatro ejes, y se pretendió analizar el cuarto eje, compuesto por seis preguntas. Se analizó la respuesta de 13 compañías de seguros de daños con el programa estadístico SPSS, utilizando diversos métodos estadísticos.

     Resultados y conclusiones: El estudio concluyó que las compañías de seguros confían en la asignación de comités participativos para todas las especialidades para prever los riesgos futuros, lo que se explica por la presencia de significación estadística en la identificación de alternativas y la elección del método adecuado. Además, la mayoría de las respuestas estuvieron de acuerdo en una tasa del 100% y ocuparon el primer lugar según la clasificación de las frases de la muestra del estudio.

    Originalidad/Valor: Los hallazgos de este estudio muestran la adaptabilidad dinámica del sector asegurador en respuesta a los desafíos globales, demostrando su papel crítico en el mantenimiento de la estabilidad económica y facilitando el crecimiento en tiempos de crisis. Las conclusiones de este estudio no solo reflejan la resistencia del sector, sino que también resaltan la importancia de la innovación continua y la previsión estratégica para navegar por las complejidades del panorama económico moderno.

  • English

    Purpose: This study examined the effectiveness of risk management in the insurance industry in light of the health crisis of the Algerian insurance companies, which are estimated at 24 companies.

      Methodology: In this study, we used a questionnaire tool that includes closed questions, containing four axes, and we want to analyze the fourth axis, which consists of six questions. The response of 13 damages insurance companies was analyzed using the statistical program SPSS, using various statistical methods.

      Finding and Conclusion: The study concluded that insurance companies rely on allocating participatory committees for all specializations to predict future risks, and this is explained by the presence of statistical significance in the level of identifying alternatives and choosing the appropriate method, in addition to most of the answers agreeing at a rate of 100% and ranked first according to the ranking of the sample phrases of the study.

      Originality/Value: The findings of this study provide the dynamic adaptability of the insurance sector in response to global challenges, demonstrating its critical role in maintaining economic stability and facilitating growth during times of crisis. The findings from this study not only reflect the resilience of the sector but also underscore the importance of continuous innovation and strategic foresight in navigating the complexities of the modern economic landscape.

• Referencias bibliográficas
  • Beck, T., Demirgüç-Kunt, A., & Honohan, P. (2009, 01 Feb). Access to financial services. World Bank Research Observer, 24(1), 119-145.
  • Boys, K. A. (2013, 2024/01/27/). Food product liability insurance : Implications for the marketing of specialty crops. Choices, 28(4), 1-5.
  • Brockett, P. L., Golden, L. L., Guillen, M., Nielsen, J. P., Parner, J., & Perez-Marin, A. M. (2008, 01 Sep). Survival analysis of a household...
  • Cooke, D. L., & Rohleder, T. R. (2006, 01 Sep). Learning from incidents : from normal accidents to high reliability. System Dynamics Review,...
  • Couilbault, f. (2009). Eliashberg Constant. Les grands principes de l’assurance, septième édition, éditions.
  • Cummins, J. D., & Weiss, M. A. (2013). Analyzing firm performance in the insurance industry using frontier efficiency and productivity...
  • DAS, N. (2021). Knowledge and awareness about dental health insurance among dental practitioners in india: A situation analysis. Journal of...
  • Denenberg, H. S. (1963, 2024/01/27/). The legal definition of insurance : Insurance principles in practice. The Journal of Insurance, 30(3),...
  • Devadasan, N., Ranson, K., Van Damme, W., & Criel, B. (2004, 2024/01/27/). Community health insurance in india: An overview. Economic...
  • DiMatteo, L. A. (2010, 01 Dec). Strategic contracting: Contract law as a source of competitive advantage. American Business Law Journal, 47(4),...
  • Doherty, N. A., & Dionne, G. (1993, 01 Apr). Insurance with undiversifiable risk: Contract structure and organizational form of insurance...
  • Dubey, S., Biswas, P., Ghosh, R., Chatterjee, S., Dubey, M. J., Chatterjee, S., & Lavie, C. J. (2020, 01 Sep). Psychosocial impact of...
  • Ericson, R. V., & Doyle, A. (2004). Uncertain business: Risk, insurance and the limits of knowledge. University of Toronto Press.
  • Escobar, M.-L., Griffin, C. C., & Shaw, R. P. (2011). The impact of health insurance in low-and middle-income countries. Rowman &...
  • Fisher, M. C., Henk, D. A., Briggs, C. J., Brownstein, J. S., Madoff, L. C., McCraw, S. L., & Gurr, S. J. (2012, 01 Apr). Emerging fungal...
  • Foucault, M. (1991). The foucault eflect: Studies in governmentality. University of Chicago Press.
  • Haufler, V. (1997). Dangerous commerce: Insurance and the management of international risk.Cornell University Press.
  • Hodge Jr, J. G., Calves, S. H., Gable, L. A., & Meltzer, E. (2006). Risk management in the wake of hurricanes and other disasters: Hospital...
  • Inwood, S. (2017, 01 Aug). Agriculture, health insurance, human capital and economic development at the rural-urban-interface. Journal of...
  • Juszczyk, S., Balina, R., Bąk, M., & Juszczyk, J. (2020). Macroeconomic conditions of the financial efficiency of food industry enterprises....
  • Kpmg. (2002). Study into the methodologies to assess the overall financial position of an insurance undertaking from the perspective of prudential...
  • Kunreuther, H. (1996, 01 May). Mitigating disaster losses through insurance. Journal of Risk and Uncertainty, 12(2), 171-187.
  • Marchal, R., Piton, G., Lopez-Gunn, E., Zorrilla-Miras, P., van der Keur, P., Dartée, K. W. J., Moncoulon, D. (2019). The (re)insurance industry’s...
  • Marin, L., et al. (2019). Classification of risks in agricultural insurance. Scientific Papers Series Management, Economic Engineering in...
  • Mavalankar, D., & Bhat, R. (2000). Health insurance in india: opportunities, challenges and concerns. Ahmedabad: Indian Institute of Management,...
  • McLean, T. R. (2006). International law, telemedicine & ; health insurance : China as a case study. American Journal of Law & Medicine,...
  • McNally, D. (01 Jan. 2009). From financial crisis to world-slump: Accumulation, financialisation, and the global slowdown. Historical Materialism,...
  • M.Epetimehin, F. (2011, 01 Feb). Achieving competitive advantage in insurance industry : the impact of marketing innovation and creativity....
  • Murphy, S. A. (2010). Investing in life: Insurance in antebellum america. Johns Hopkins University Press+ ORM.
  • Neilbergs, J. S. (1998, 01 Jan). Macroeconomic conditions and agribusiness profitability: An analysis using pooled data. The International...
  • Organization, W. H. (2002). The world health report 2002: reducing risks, promoting healthy life.
  • Organization, W. H. (2013). Who report on the global tobacco epidemic, 2013: enforcing bans on tobacco advertising, promotion and sponsorship.
  • Oscar Akotey, J., & Abor, J. (2013, 01 Jan). Risk management in the ghanaian insurance industry. Qualitative Research in Financial Markets,...
  • Outreville, J. F. (2012). Theory and practice of insurance. Springer Science & Business Media.
  • Outreville, J. F. (2013, 01 Mar). The relationship between insurance and economic development: 85 empirical papers for a review of the literature....
  • Patterson, G. T., Thomas, L. F., Coyne, L. A., & Rushton, J. (2020, 01 Sep). Moving health to the heart of agri-food policies; mitigating...
  • Quinn, S. (2008, 01 Nov). The transformation of morals in markets: Death, benefits, and the exchange of life insurance policies. American...
  • Richmond, D. R. (2004, 2024/01/27/). Insurance agent and broker liability. Tort Trial & Insurance Practice Law Journal, 40(1), 1-58.
  • Rosser, J. B. (2021). Econophysics and the entropic foundations of economics (Vol. 23, N.10).
  • Sari, A. A., Nurpuspitaningsih, F. A., & Medina, I. N. (2022). Benefits and advantages of having insurance in life. Indonesian Journal...
  • Schwarcz, D., & Siegelman, P. (2015). Insurance agents in the twenty-first century: The problem of biased advice. Research Handbook on...
  • Shafau, S. T., & Johncally, A. O. (2022). Consequential effects on insurance industry, risk management, and insurability of pandemic risk....
  • Spekkers, M., claire ten Veldhuis, M., Kok, M., & Clemens, F. (2011). Analysis of pluvial flood damage based on data from insurance companies...
  • Turner, B. A. (2020). The organizational and interorganizational development of disasters. In Risk management (pp. 145–164). Routledge.
  • Worham, L. (1985). Insurance classification: too important to be left to the actuaries. U. Mich. JL Reform, 19, 349.
  • Yu, H., & Dick, A. W. (2012, 01 Oct). Impacts of rising health care costs on families with employment- based private insurance: A national...
  • Zelizer, V. A. R. (2017). Morals and markets: The development of life insurance in the united states. Columbia University Press.