Providing the Price Insurance as a Tool for Agribusiness Development; Conjoint Analysis Approach
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
As one of the most important sectors providing long-term financial resources, the insurance industry can play a significant role in the development of the business environment due to its risk distribution role. The design of agricultural price insurance contracts is a critical issue since the Iranian agriculture sector is unable to employ ordinary insurance policies to cover price risk. Accepting price insurance, a recent option from insurance companies can help businesses mitigate price risk and foster the expansion of the insurance industry. Examining the essential elements of price insurance from the insurer's perspective is the aim of this study. Experts from insurance companies filled out 45 questionnaires for this purpose in February 2024, and the results were analyzed using the Conjoint Analysis approach. The variable of the existence of a franchise has the highest relative value, according to the results of the analysis of the relative importance of features. The combination (existence of a moral hazard, the existence of a franchise, the absence of the ability to estimate insurance premiums, and the existence of price update ability) is the first popular card, per the results of the utility analysis of each card. The last popular card from the respondents’ view was the combination (existence of moral hazard, absence of franchise, existence of ability to estimate insurance premium, and absence of ability to update pricing. The franchise, moral hazard, ability to estimate premium, and ability to update price are the four primary features that the respondents rate in terms of priority.
Keywords:
Language:
Persian
Published:
Journal of Studies in Entrepreneurship and Sustainable Agricultural Development, Volume:11 Issue: 4, 2024
Pages:
25 to 42
https://magiran.com/p2809070
سامانه نویسندگان
مقالات دیگری از این نویسنده (گان)
-
Ecosystem services of Hyrcanian Forests based on the Common International Classification of Ecosystem Services (CICES) Method
H. Amirnejad *, S. Hosseini, M. Hosseini, M. Asadpour, M. Taslimi, Y. Bostan
Iranian Journal of Forest and Poplar Research, -
Generalization of Fuzzy Gravity Model for Determining the Target Market by Adding Intervening Variations: A Case Study of Iranian Pistachio
Fariba Eghbal, Seyed *, Hassan Assadpour, Somayeh Shirzadi
Journal of Agricultural Economics Researches, -
Presenting Quantitative Approaches to Investigate the Importance of the Stakeholders of Ecosystem Services in Hyrcanian Forests
Hamid Amirnejad*, Sareh Hosseini, Sayed Mohsen Hosseini, Maryam Asadpour Kordi, , Yadollah Bostan
Ecology of Iranian Forests, -
The Effect of Policy Interventions on Export Efficiency and Potential of Two Main Agricultural Export Products (Pistachio & Saffron)
Fariba Eghbalsefat, Seyed *, Somayeh Shirzadi Laskookalayeh, Hassan Asadpour
IRANIAN JOURNAL OF TRADE STUDIES (IJTS),