The Impact of Digital Insurance in Reducing the Risks of Climate Fluctuations: In a Sample of Iraq Insurance Companies

Abstract

This study aims to identify the extent of the impact of insurance information technology on the activity of Iraqi insurance companies from two dependent variables (the advantages provided by technological insurance, and the presence of factors that contribute to the application of information technology) and the dependent variable (supporting the activity of insurance companies). It has been applied in Iraqi insurance companies (study population) on a sample consisting of (70) individuals. Through a questionnaire prepared for this purpose, Descriptive statistics are used to find the relationship between the variables. The study showed that insurance information technology contributed to reducing the effects of climate change risks on affected groups, especially the agricultural sector. It will enable it to monitor climate fluctuations and determine the amount of premiums and compensation more accurately and quickly. The study recommended that Iraqi insurance companies must enter into strategic partnerships with companies (Insurtech) that provide high technology capabilities and skills.