Identifying the effect of economic uncertainty factors on the performance of insurance joint stock companies

The main problem of this study is to identify the effect of economic uncertainty factors on the performance or profit of the insurance company. One of the important goals that institutions pursue is to create more efficiency in allocating resources. Therefore, paying attention to the effects of these uncertainties and the overall macroeconomic environment on the financial system is of particular importance. If these uncertainties lead to deviations in the portfolio and credit behavior of institutions, it can leave negative effects on the efficiency of the country's economic system.

The method of this study is quantitative-survey type. The statistical population of the research is managers and employees of the insurance company, of which 415 people were selected as a sample and the data required for the research was given in the conceptual model. The independent variable is the factors of economic uncertainty, for its calculation, macroeconomic variables include economic growth rate, inflation rate, and unemployment rate, and the dependent variable of insurance performance was measured with three indices: profit margin, asset return, and customer satisfaction. In this research, in order to test the hypotheses in the inferential statistics section, structural equations using pls and sem methods were used. be The data from 1394 to 1397 are considered for macroeconomic variables.

The results showed that macroeconomic variables (growth rate, inflation rate, unemployment rate) have a significant effect on the performance of the insurance industry, and non-financial variables (political stability, independence of insurance companies from the government) have a significant effect on the performance of the insurance industry. you have

The insurance industry is one of the indicators of development and is considered as one of the most important economic institutions that supports the activities of other institutions. The increase in the instability of the exchange rate and the uncontrollable financial and economic monetary policies will disrupt the existing order in the market and create financial crises. External reactions in this type of financial crisis include disruption in cash flow and accumulation of arrears by bank and insurance joint-stock companies. Since macroeconomic factors affect the profitability of insurance companies, creating a favorable macroeconomic environment can be effective in reducing the effect of shocks, and reforming the structure of insurance companies can reduce the vulnerability and losses of these companies against fluctuations. exchange rate and other macroeconomic variables.