Analyzing the use of Insurance Policy to Manage Risks: A Study of Banks in Palestine
Journal Title: International Journal of Social Science Humanity & Management Research - Year 2024, Vol 3, Issue 09
Abstract
Insurance policy is considered as the main way to express the risks that a person is exposed to during their life. Insurance policy system involves a prior agreement between two parties through which the risk is transferred from the insured party to the insurer in return for paying a certain amount. The main goal of any scientific analysis of the risks associated with a certain insurance policy is to calculate the losses related to the risk, and choose the most appropriate policy to confront it, by identifying the risks and how to confront them. The current research focuses on three main topics, including: What insurance policy is, how banks manage risks in Palestine, and how to determine the obstacles of insurance policies and ways to overcome these, by developing ways to analyze risks and Implement suitable insurance policies. The research focused on testing a sample of 80 individuals including top level and middle level managers and employees at local banks in Palestine, where the statistical results concluded that there is a correlation and positive impact between the use of insurance policies and banking risks; where banks apply suitable insurance policy to their needs to achieve risk mitigation goals, and safe keeping the economy in general. The current study recommended that banks in Palestine need to have different insurance contracts to manage different risks, and that insurance companies need to focus on continuous analysis of risks related to the Palestinian environment, where banks desire special designed policies for each of their unique risks.
Authors and Affiliations
Nael Sayedahmed
Keywords
Related Articles
- EP ID EP748286
- DOI 10.58806/ijsshmr.2024.v3i9n05
- Views 34
- Downloads 0
Leadership Question and the Writer’s Style: A Literary Stylistic Analysis of Adaobi Nwaubani’s I Do Not Come to You By Chance
This paper interrogates some artistic positions taken by Adaobi Nwaubani in projecting leadership issues in I Do Not Come to You by Chance. The paper notes that in spite of the enormity of critical attention on leadershi...
The Use of Bali Aga Dialect in the Work Domain
The Bali Aga dialect as a variant of the Balinese language spoken by the Bali Aga community in Tigawasa Village faces challenges of preservation in the era of modernization. The work domain is a crucial domain in daily l...
Reading Road Map for the Enrichment of Comprehension Skills of Grade 5 Pupils
The study aimed to enhance the reading comprehension skills of Grade Five pupils using Reading Road Map. The study made use of quasi-experimental research design where an adopted-enhanced Reading Road Map was the primary...
Spiritual Satisfaction Becomes a Mutual Need among Individuals
The article aims to systematize spiritual life through different needs, thereby clarifying the nature of spiritual life. Spiritual life is a fundamental and essential need, so spiritual wealth is also produced like other...
Fixing Accountability of Judges Will Enhance the Sagging Credibility of District Courts in India.
Judges need to have accountability. It has been stated and observed that judges are not accountable for their judgments, orders and other judicial proceedings and they may pass the judgments, orders rightly or wrongly. I...