Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry

Meisam Ranjbari; Zahra Shams Esfandabadi; Simone Domenico Scagnelli

doi:10.1007/978-3-030-16526-0_14

Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry

Meisam Ranjbari
, Zahra Shams Esfandabadi
, Simone Domenico Scagnelli

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

10 Citations (Scopus)

Abstract

Sharing economy (SE) has brought new challenges for the insurance industry, worldwide. Such challenges may turn into opportunities or threats for the insurance industry, depending on how they are managed. No matter what it is, the “shared” sector, or the country, SE requires a legal and operational shift from the past. For instance, recent activities of some SE companies in Iran are creating challenges for the Iranian insurance industry. Therefore, a case study is developed based on the activities of these companies and their impact on the insurance market. The study adopts the PESTLE analysis for the insurance industry and applies causal-loop diagrams to address the effects of SE activities. Finally, suggestions for more effective strategic management in the insurance industry are provided.

Original language	English
Title of host publication	The Future of Risk Management
Subtitle of host publication	Volume II: Perspectives on Financial and Corporate Strategies
Editors	Paola De Vincentiis, Francesca Culasso, Stefano A. Cerrato
Place of Publication	Cham
Publisher	Palgrave Macmillan Ltd.
Chapter	14
Pages	343-360
Number of pages	18
Volume	II
ISBN (Electronic)	978-3-030-16526-0
ISBN (Print)	978-3-030-16525-3
DOIs	https://doi.org/10.1007/978-3-030-16526-0_14
Publication status	Published - 24 May 2019
Externally published	Yes

Keywords

Causal-loop diagram
Iranian insurance companies
PESTLE analysis
Risk
Sharing economy
Transportation industry

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10.1007/978-3-030-16526-0_14

Cite this

Ranjbari, M., Shams Esfandabadi, Z., & Scagnelli, S. D. (2019). Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry. In P. De Vincentiis, F. Culasso, & S. A. Cerrato (Eds.), The Future of Risk Management: Volume II: Perspectives on Financial and Corporate Strategies (Vol. II, pp. 343-360). Palgrave Macmillan Ltd.. https://doi.org/10.1007/978-3-030-16526-0_14

Ranjbari, Meisam ; Shams Esfandabadi, Zahra ; Scagnelli, Simone Domenico. / Sharing Economy Risks : Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry. The Future of Risk Management: Volume II: Perspectives on Financial and Corporate Strategies. editor / Paola De Vincentiis ; Francesca Culasso ; Stefano A. Cerrato. Vol. II Cham : Palgrave Macmillan Ltd., 2019. pp. 343-360

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abstract = "Sharing economy (SE) has brought new challenges for the insurance industry, worldwide. Such challenges may turn into opportunities or threats for the insurance industry, depending on how they are managed. No matter what it is, the {\textquotedblleft}shared{\textquotedblright} sector, or the country, SE requires a legal and operational shift from the past. For instance, recent activities of some SE companies in Iran are creating challenges for the Iranian insurance industry. Therefore, a case study is developed based on the activities of these companies and their impact on the insurance market. The study adopts the PESTLE analysis for the insurance industry and applies causal-loop diagrams to address the effects of SE activities. Finally, suggestions for more effective strategic management in the insurance industry are provided.",

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Ranjbari, M, Shams Esfandabadi, Z & Scagnelli, SD 2019, Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry. in P De Vincentiis, F Culasso & SA Cerrato (eds), The Future of Risk Management: Volume II: Perspectives on Financial and Corporate Strategies. vol. II, Palgrave Macmillan Ltd., Cham, pp. 343-360. https://doi.org/10.1007/978-3-030-16526-0_14

Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry. / Ranjbari, Meisam; Shams Esfandabadi, Zahra; Scagnelli, Simone Domenico.
The Future of Risk Management: Volume II: Perspectives on Financial and Corporate Strategies. ed. / Paola De Vincentiis; Francesca Culasso; Stefano A. Cerrato. Vol. II Cham: Palgrave Macmillan Ltd., 2019. p. 343-360.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

TY - CHAP

T1 - Sharing Economy Risks

T2 - Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry

AU - Ranjbari, Meisam

AU - Shams Esfandabadi, Zahra

AU - Scagnelli, Simone Domenico

PY - 2019/5/24

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AB - Sharing economy (SE) has brought new challenges for the insurance industry, worldwide. Such challenges may turn into opportunities or threats for the insurance industry, depending on how they are managed. No matter what it is, the “shared” sector, or the country, SE requires a legal and operational shift from the past. For instance, recent activities of some SE companies in Iran are creating challenges for the Iranian insurance industry. Therefore, a case study is developed based on the activities of these companies and their impact on the insurance market. The study adopts the PESTLE analysis for the insurance industry and applies causal-loop diagrams to address the effects of SE activities. Finally, suggestions for more effective strategic management in the insurance industry are provided.

KW - Causal-loop diagram

KW - Iranian insurance companies

KW - PESTLE analysis

KW - Risk

KW - Sharing economy

KW - Transportation industry

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Ranjbari M, Shams Esfandabadi Z, Scagnelli SD. Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry. In De Vincentiis P, Culasso F, Cerrato SA, editors, The Future of Risk Management: Volume II: Perspectives on Financial and Corporate Strategies. Vol. II. Cham: Palgrave Macmillan Ltd. 2019. p. 343-360 doi: 10.1007/978-3-030-16526-0_14

Sharing Economy Risks: Opportunities or Threats for Insurance Companies? A Case Study on the Iranian Insurance Industry

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Keywords

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