Abstract
The aim of this research is to study the profitability of the insurance industry in Iran during the period of 20 years from 1993 to 2013. Research method is analytical and inductive post-event. Data related to the insurance and economic indicators are including the Premium of life insurance, Premium of non-life insurance, gross domestic product and inflation and profitability of Iranian insurance companies during the years 1993 to 2013 that were extracted from the economic and insurance forms. The regression model and ARDL time series technique were used for data analysis. The research results showed that the Premium of life insurance has a positive effect on the profitability of insurance companies in Iran, but the Premium of non-life insurance has not had a significant effect on profitability, the economic indexes of research, namely GDP and inflation, have a positive and negative impact on the profitability of insurance companies in Iran, respectively.
Highlights
Insurance is a legal term and in the word means insuring or guaranteeing or preserving against accidents that is the fear of them
Data related to the insurance and economic indicators are including the Premium of life insurance, Premium of non-life insurance, gross domestic product and inflation and profitability of Iranian insurance companies during the years 1993 to 2013 that were extracted from the economic and insurance forms
The research results showed that the Premium of life insurance has a positive effect on the profitability of insurance companies in Iran, but the Premium of non-life insurance has not had a significant effect on profitability, the economic indexes of research, namely GDP and inflation, have a positive and negative impact on the profitability of insurance companies in Iran, respectively
Summary
Insurance is a legal term and in the word means insuring or guaranteeing or preserving against accidents that is the fear of them. Sorayaei types of prevention and risk reduction methods have been used, especially in the financial dimension in human life In this regard, insurance as one of the most important tools in the modern civilized world has a significant role in reducing of the risk and providing of the financial and mental security. By choosing appropriate financial structures, try to increase their survival and profitability. The capital of these companies is composed of two parts. Chen et al [15] were conducted the research by titled “Influence of capital structure and operational risk on profitability of life insurance industry in Taiwan” and they examined the capital structure of life insurance companies and presented a theoretical model. They concluded that capital structure had a significant negative impact on operational risk, as well as operational risk, which had a negative relationship with the profitability of life insurance companies
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