tubittum journal

ISSN: 2822-5295

QR Code https://tubittumjournal.com/article/811
Research Article

Challenges and the function of creative entrepreneurship in the development of the insurance industry

Vol 3, issue 3, 2024

Authors

  • Mohammadali Rajabi Torbehbar
  •  Mehdi Farzpourmachiani
  •  Mehrdad Fojlaley
  • Snjezana Baroness Rajacic

Abstract

Abstract

Entrepreneurship, as a powerful stimulant for economic growth and development, plays an effective and significant role in various industries, including the insurance industry. However, the insurance industry in many countries, including Iran, has not yet fully benefited from the scientific and operational capacities of entrepreneurship. Recent economic crises have shown that more resistant and flexible industries, such as those that benefit from innovation and creative entrepreneurship, can better collate with the issues and challenges ahead. As one of the large and influential industries in the economy, the insurance industry can play a stimulating role in the country’s economy with proper management of financial resources and smart investments. It is clear that creative entrepreneurship in this important and necessary industry can help to create new products and innovative insurance services, improve internal processes, increase customer satisfaction and finally, permanent development of the insurance industry. By considering the function of creative entrepreneurship in the insurance industry, this article analyzes the current situation in Iran and the challenges it ahead. Also, suggestions for the development of creative entrepreneurship in the insurance industry will be presented, which can help improve the activity of this industry in providing innovative insurance services, increase the penetration rate of insurance and increase its portion in the country’s economy.

Rajabi Torbehbar M, Farzpourmachiani M, Fojlaley M, Baroness Rajacic S. Challenges and the function of creative entrepreneurship in the development of the insurance industry. Tubittum. 2024; 3(3): 670-681.

  • Endnote/Zotero/Mendeley (RIS)
  • BibTeX

Reference

  1. Akhundi M, Amani P, Naderlou S. innovation in entrepreneurship and management, the first international conference on information technology, management and computer. 2023 Sari
  2. Harrison RT, Cooper SY. Mason CM. Entrepreneurial activity and the dynamics of technology-based cluster development: the case of Ottawa, Urban Studies, 2004; 41(5/6):1045-1070.
  3. Cheratian I, Ghorbani S. Analysis of the effects of monetary and financial policies on entrepreneurship (with emphasis on the women sector). Entrepreneurship Development Quarterly, 2014; 7(4): 773-793.
  4. Mobeini Dehkordi A, Alaei Korahrodi H, Zin Saz A. the effect of the insurance industry on the development of entrepreneurial activities (case study of Mellat insurance company). Retirement Strategies Quarterly, 2019; 1(2): 19-29.
  5. Zivari A, Mohammadi Khiare M, Mazhari R. the effect of access to financial resources on entrepreneurial activities: a comparison of selected developed and developing countries. Entrepreneurship Development Quarterly. 2019; 12(4): 561-580.
  6. Peleckien V, Peleckis K, Dudzevi iut G, Peleckis KK. The relationship between insurance and economic growth: evidence from the European Union countries. Economic Research-Ekonomska Istraživanja, 2019; 32(1): 1138-1151.
  7. Jiang L, Tong A, Hu Z, Wang Y. The impact of the inclusive financial development index on farmer entrepreneurship. PLoS One. 2019; 14(5): 1-21.
  8. Molazadeh M, Kian AA. Investigating the role of insurance in Iran’s economy. 2010.
  9. Haji Ghorbani M. entrepreneurship development strategies in Iran according to the experiences of other countries, Ministry of Cooperation, Deputy Research, Entrepreneurship and Cooperation Office, Entrepreneurship and Employment Development Office. 2010.
  10. Baltaji B. econometrics Translated by Reza Taleblo and Shole Bagheri Pourmehr. Tehran: Nei Publishing House, second edition. 2014.
  11. Masrour Rudsari A, Yeganehfar A. The effect of social entrepreneurship on the financial performance of insurance companies in Gilan province, the fourth national conference and the first international conference on new management and business models, Tehran. 2021
  12. Mahmoudi HA. a review on the importance of developing a culture of innovation, creativity and entrepreneurship in the insurance industry; Obstacles and solutions (case study: Tehran Saman Insurance Company), 6th International Conference on Global Studies in Humanities, Management and Entrepreneurship, Tehran. 2022.
  13. Bidarian Sh, Mohammadzadeh M. Identification and ranking of the effective factors of entrepreneurial opportunities and its impact on the development of Pasargad life insurance, the fourth annual international conference on new developments in management, economics and accounting, Tehran. 2021.

Articles Search

Search with Article name or description

Search with Author's name