nvestigating the effects of macroeconomic indicators onInsurance penetration rate in Iran with emphasis on human capital and value added growth of the industrial sector

Low insurance penetration rate is one of the current problems of Iran's economy. According to the latest published statistics, Iran's insurance penetration rate in 2018 was equal to 2.01 percent, which is ranked 63rd among 147 countries in the world. The issue is the improvement of this index in various development programs. Therefore, in this study, using a dynamic econometric model, the effects of human capital and value added growth of the industrial sector along with other macroeconomic indicators on the penetration rate of Iranian insurance have been investigated. The results show that during the period 1391-1351, human capital has a direct positive and significant effect on insurance penetration coefficient, while the growth of value added in the industrial sector directly and indirectly affects the insurance penetration coefficient. Among other explanatory variables, inflation and unemployment have a significant negative effect on insurance penetration. In contrast, the growth of real per capita income has had a positive and significant effect on insurance penetration. Despite the fact that the insurance penetration rate is strongly affected by the macroeconomic conditions of the country, it is recommended that the expansion of premiums paid under the industrial sectors, especially in the oil and energy sectors, due to the positive impact of value added on the insurance penetration rate. , Be considered.