IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH)
Year:2013 | Volume:28 | Issue:1 (109)|Papers Count:7

Several systems have been designed and implemented in the world for solvency assessment of insurance companies until now. Because of their different methodologies, these systems have strengths and weaknesses. In this paper, we compare Iranian solvency assessment systems using AHP methodology based on criteria identified in the literature. The results of assessments based on eleven selected criteria indicate that Iranian solvency systems do not have any advantages over other systems.

In rapidly changing political, economic and social environments with uncertainty, organizations that are able to ensure creativity, innovation and human resource development, can continue their existence. There are many different aspects in a research on the recognition of effective creativity and innovation. One of these aspects is leadership. Transformational leaders seek new ways of working, new opportunities that empower employees to achieve their objectives.This paper aims to study the relationship between transformational leadership and organizational creativity and innovation in Iranian private insurance companies. Our data is obtained by questionnaires using stratified sampling methods. To measure organizational creativity and innovation, 138 senior managers from private insurance companies were selected. 300 employees were also included in our sample for the transformational leadership questionnaires. We used Lisrel software to analyze this data for inclusive CFA and structural equation modeling (SEM). Our results indicate that there is a positive relationship between leadership and organizational innovation with organizational creativity as mediator. We report an index of goodness of fit which is within its bounds. Our results further indicate that attention to innovation enhancement should be considered in planning for growth and development in insurance industry.

One of the fundamental needs of any society is securing jobs and creating job opportunities. However, this requires substantial investment by the public and private sectors. Microenterprises demand relatively fewer investments and are founded on the entrepreneurship possibilities in society. These possibilities pave the way for the public sector to promote welfare and jobs in society.This paper addresses microenterprises and factors affecting their stability. Thus, using surveys and interviews with experts including 85 successful entrepreneurs and self-employed who with the help of financial facilities from Mehr Imam Reza (as) Fund, have created a micro enterprise and maintained their stability. Identifying and prioritizing factors affecting the maintenance of these enterprises are also dealt with in details in the present paper. With the help of SAW technique, the main factors were identified and Fuzzy Analytic Hierarchy Process (FAHP) was also employed to rate these factors. The results indicate that insurance has been one of the facilitating external factors that helped the stability of microenterprises.

The recognition of civil liability for natural and legal persons in natural disasters has gained new interests in the law of obligation and tort. This subject has many problems and challenges from the point of view of acceptance and proofs. In this paper, we classify natural hazards from the aspect of insurability and non-insurability, and then discuss the use of legal rules and principles in respect of preventions from these hazards.

The Good Faith Principle is one of the most important principles in all insurance contracts with sanctions in several contractual phases. During the preliminary negotiations and at the conclusion of an insurance contract, it requires the insured party to reveal all relevant information in relation to the risks of insurance. Breach of this obligation by the insured party and establishment of this fact by the insurer, that the insured party was acting in bad faith, would result in tough sanctions, which in addition to rendering the insurance contract void, would make the insured party liable for damages suffered by the Insurance company.The rationale behind this remedy is the tortious liability which has arisen from the breach of the contract. But sometimes the legislator in this context has waved the application of traditional fundamentals and exempted the insurer from proving the insured party's bad faith. In this paper we discuss the insured party's obligation to observe the Principle of Good Faith at the conclusion of a contract and take further steps to analyze his or her tortious liability which is caused by the breach of this obligation.

With the growth of insurance industry nowadays, new hazards are covered every day. Among these, personal liability for wergild is also covered. Here, it is necessary to recognize as in Sharia, the identity of wergild and the aim of various insurances until it is finally clear if we can accept jurisprudentially-legally the wergild insurance for the loss in personal insurances? And can we put the wergild payment in insurance contracts and oblige underwriters to pay wergild instead of the insured? It seems that we can accept the wergild in liability insurances and we can also demand losses in excess of wergild, citing the loss rejection reasons and even pay the retractable wergild insurance with personal insurances as in life insurance. Hence, this paper offers both analytical and applicable aspects which can be used by Iranian insurance companies.