Management efficiency and its impact on managing the aviation insurance portfolio: An empirical study at the National Insurance Company in Iraq

Authors

  • Halla Nasser Katie University of Baghdad, Iraq
  • Alaa Abdul Karim Hadi Al-Baldawi University of Baghdad, Iraq

Keywords:

Administrative efficiency, Aviation insurance, Reinsurance, Profitability

Abstract

This study aimed to look for the possibility of a possible relationship between the ratios of administrative efficiency, and the management of the aviation insurance portfolio in terms of return ratios and profitability of the portfolio of the national insurance company during the period (2011-2016).The study will try to achieve these objectives based on the methods of statistical and financial analysis, where the statistical program SPSS was used to analyse the data, in addition to the average rate of change or growth during the period of investigation and the relationship between both the ratios studied the administrative efficiency and Reinsurance ratios to see the impact of each of these ratios on the profitability of the portfolio, using a simple regression. The present research concludes that managing the insurance company's functions, particularly reinsurance efficiently, affects and reflects clearly and significantly on the profitability and success of this company and that the insurance on aircraft is considered a high-premium insurance product that generates good profits for insurance companies. However, the study showed a weakness of link in the administrative efficiency of the National Insurance Company, as its retention rate of substandard aviation insurance premium is scored around50% of the total subscription. This indicates the company's total reliance on reinsurance and the insurance company's exposure to the risk of reinsurance. The study recommended working to improve the management efficiency of insurance companies by holding training courses that will improve employee productivity and reduce expenses by better managing the company's assets. The national insurance company should benefit from the experience of the reinsurer in training its technical staff in surveying and managing risks, which leads to reduced losses.

Downloads

Download data is not yet available.

References

Abbasi, M., & Zare, A. (2016). Electronic contracts in Iran law. UCT Journal of Social Sciences and Humanities Research, 4(3), 26-31.

Al-Ghussin Ragheb, Lana Nabil Zaher, (2014). "The impact of liquidity, solvency and administrative efficiency on the profitability of insurance companies, "applied study on the Syrian private insurance company,research published in the journal tishrin university for research and scientific studies volume (36) issue (3).

Al-Halbawi, Abdullah Tawfiq, (2009). "Maritime and Air Insurance", Freedom Publishing and Distribution Library.

Amoura Reem, (2011)."The impact of efficiency in managing the functions of insurance companies on the success of this company", research published on slide player.

Arabic Net, (2014)."Saudi Aviation Insurance" Al Arabiya Network Magazine.

Coetzee, J., & Mammen, K. J. (2017). Science and Engineering Students’ Difficulties With Fractions At Entry-Level To University. International Electronic Journal of Mathematics Education, 12(3), 281-310.

Dewi, S., & Ahamat, A. (2019). The role of entrepreneurial orientation in achieving organization performance through business model innovation and asset relational collaboration. Humanities & Social Sciences Reviews, 6(2), 100-105. https://doi.org/10.18510/hssr.2018.6212

Edman, (2019)."Dangers and Air-Manly Marine Insurance", Aradus Arbitration Center.

Guy Callendar, (2009). Efficiency and management, Routledge Studies in Management, USA.

Hassan Mohammed Fouad Mohamed, (2004). "Aviation Insurance sits between balance and challenges (contemporary vision)", research published in The New Horizons, Issue 3 and 4.

Hussein, Hussein Atallah, (2011). "Aviation Insurance", Egypt Insurance Institute.

Hussein, Letim, (2014). "Legal System of Insurance Contract", memorandum submitted to complete the requirements of a bachelor's degree, faculty of law, University of The Meraya and Warqa, Algeria.

Insurance and Knowledge Magazine,(2012). Surrey, Issue 22.

Insurance Schools, (2014). Inc, Licensing Manual Aviation Insurance.

Lutai, Youssef Hajim, Sinan Kazem Al-Musawi, Hussein Jamil Al-Badiri, Hashim Fawzi Al-Abadi, (2011). "Management of Insurance and Risk", Al Yazouri Scientific Publishing and Distribution House, Jordan, First Edition.

Mahmoud, Abu Bakr Mustafa, (2005). "Administrative Organization in Contemporary Organizations", University House, Alexandria.

Margo, Rod. (2000).Aviation Insurance, 3rd ed. (London: Butterworths, 2000).

Radhia, Mashri, (2017). "Lectures in Insurance Law".

Rogers, (2006). translated by Nasser Moussa, Approach to Competencies at the Algerian School, National School Publications Bureau, Algeria.

Safdari, M , Asadi, Z. (2013). Privatization to serve economic development, UCT Journal of Social Sciences and Humanities Research, Issue 4,pp.16-21.

Sebastian Fernandez-Pena, (October 2006). Aviation insurance: a Montreal '99 perspective, Institute of Air and Space Law McGill University, Montreal.

Statistics

Statistics RUA

Published

2019-12-23

How to Cite

Katie, H. N., & Al-Baldawi, A. A. K. H. (2019). Management efficiency and its impact on managing the aviation insurance portfolio: An empirical study at the National Insurance Company in Iraq. Journal of Human Sport and Exercise, 14(5proc), S2304-S2317. Retrieved from https://www.jhse.ua.es/article/view/2019-v14-n5-proc-management-efficiency-aviation-insurance-portfo