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The Role of Credit Scoring, Cost and Product Discrimination in Improving the Competitiveness of Jordanian Insurance Companies

Author

Listed:
  • Mohammad H. Saleh
  • Jamil J. Jaber
  • Abdullah A. Al-khawaldeh

Abstract

The turbulent start of the new century has brought new challenges for firms and countries. Survival and success in this period increasingly depends on competitiveness. Competitiveness is described in different ways by researchers. The focus of this paper extends earlier works on the role of credit scoring, cost of insurance and product discrimination in improving competitiveness in insurance companies to increase the demand of insurance policies. The paper strength is that the competitive advantage of insurance companies is measured from perspective of the insured. In the result show there is a significant effect of credit scoring, cost and product discrimination on competition in insurance companies. Also, there is a lack of understanding of the concept of insurance in Jordanian companies because they lack people who are specialist in insurance. OLS and ANOVA test are used in this paper.

Suggested Citation

  • Mohammad H. Saleh & Jamil J. Jaber & Abdullah A. Al-khawaldeh, 2016. "The Role of Credit Scoring, Cost and Product Discrimination in Improving the Competitiveness of Jordanian Insurance Companies," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(5), pages 252-259, May.
    • Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:5:p:252-259
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    References listed on IDEAS

    as
    1. Martin Eling & Shailee Pradhan & Joan T Schmit, 2014. "The Determinants of Microinsurance Demand," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 39(2), pages 224-263, April.
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    Cited by:

    1. Ivan Tikshaev & Roman Kulshin & Gennadii Volokitin & Pavel Senchenko & Anatoly Sidorov, 2022. "The Possibilities of Using Scoring to Determine the Relevance of Software Development Tenders," Mathematics, MDPI, vol. 10(24), pages 1-13, December.

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    More about this item

    Keywords

    credit score; insurance policy; competitiveness; insurer; and policyholder;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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