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Abstract:
The role
and importance of insurance consists of providing security, old age pensions,
as an investment or saving mechanism, as a collateral for loans, for tax
benefits, provide protection, provide prevention of losses, small capital to
cover larger risk, risk free trade. The insurance industry is considered as one
of the indicators of development and a major economic institution. It supports
the activities of other institutions. Life is so uncertain that accidents can
happen at any point of time. Personal Accident Insurance is one of important
personal insurances. The personal accident insurance plans help the families
and ward individuals from the guaranteed adapt better to the passionate
misfortune by giving them much budgetary help in the midst of hardship. The aim of
this research is to assess the performance of personal accident insurance in
the insurance industry for four private insurance companies in Iran from 2015
to 2020. In this study, researchers used
secondary data for analysis and have been the performance evaluation was done
using SPSS and Excel software. The result of this study, according to 6 indexes
(Earned Premium, Paid Claims, Loss Ratio, Number of Insurance Policies, Loss
Frequency, and Severity of accident) reflects the growth and share of the
domestic market.
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