Simplifying underwriting procedures for life insurance policies and their role in reducing compensation costs Applied research in the Iraqi General Insurance Company

Abstract

The insurance companies are one of the organizations that seek to pay attention to the rapid changes, as a result of the tremendous technological and competitive developments, which puts the responsibility of the insurance companies to keep pace with these developments, by adopting new policies in the processes of simplifying the underwriting procedures and assessing the risk, For the purpose of identifying and addressing the research variables and achieving its objectives, the researcher used the descriptive analytical approach. Data related to the research topic was obtained and analyzed, and personal interviews were conducted with some officials and employees of the company to obtain the necessary information and in order to measure the research variables and test its main hypotheses, which represented a questionnaire A deliberate (intentional) sample of 63 individuals was approved from the underwriting managers and employees in the specialized insurance branches, as well as the technical department at the company’s center. A questionnaire was distributed to them. In order to analyze the data and obtain the results, a number of statistical methods were used in proportion to the most prominent nature of the collected data Pearson correlation and simple linear regression.