Investigating the effect of macroeconomic variables on insurance industry performance

On the one hand, the insurance industry is considered as one of the development indices and one of the most important economic entities, and on the other hand, it supports the activities of other entities. Therefore, the current research aimed to investigate the effect of macroeconomic variables on the performance of the insurance industry. The statistical population is the research of managers and employees of insurance companies. Based on Morgan's table, ۴۱۵ people were selected as a sample. In this study, independent variables include fluctuations in the inflation rate, exchange rate, and liquidity while the dependent variable is insurance industry performance. The tool of the present research is a researcher-made questionnaire, whose validity and reliability were examined. Testing the hypotheses of the research was done with structural equations using Amos software. Data from ۲۰۱۵ to ۲۰۱۸ was considered for macroeconomic variables. Path analysis results showed that the significance values show higher than ۱.۹۶, so the significance of the path between two variables can be confirmed and the existence of this relationship can be confirmed. All research hypotheses are accepted. Finally, macroeconomic factors have an effect of ۰.۷۹ on company performance. As an economic entity, the insurance industry has an important role in the economy of countries, and the higher the share of the insurance industry in the gross domestic product (GDP) and its penetration rate, the more developed the economy of that country will be.

Keywords:

Macro variables , Insurance Company Performance , Exchange Rate , Inflation Rate , Liquidity Growth