RISK MANAGEMENT IN INSURANCE INDUSTRY AMID THE HEALTH CRISIS: A STUDY OF A SAMPLE OF DAMAGE INSURANCE COMPANIES IN ALGERIA

Abstract

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.