Beta
395926

Using the anomalous numbers model (Newcom-Benford model) to verify the accuracy of published data for the fire insurance branch of insurance companies in the Egyptian market

Article

Last updated: 25 Dec 2024

Subjects

-

Tags

أبحاث اصيلة

Abstract

This study aims to use the anomalous numbers model (Newcom-Benford model) to verify the accuracy of premium and claims data for the fire branch of general insurance companies operating in the Egyptian market during the period from 2012/2013 to 2021/2022 by relying on data for both direct underwriting and reinsurance, local and foreign incoming reinsurance, local and foreign outgoing reinsurance for premiums and claims, total underwriting premiums, net operations from premiums, total claims, and net operations from claims, and by operating the data and comparing it with the results of the probabilities of the Benford model for all variables related to premiums and claims,the study reached a number of results, including the absence of significant statistical differences between the actual data and the results of the Benford model, which means the validity of the first and second study hypotheses,the study recommended the necessity of using the Benford model to verify the accuracy of the data by applying it to other branches of insurance companies and relying on the Benford model by the Financial Regulatory Authority to verify the accuracy of the data of insurance companies.

DOI

10.21608/mosj.2024.312052.1238

Keywords

premiums, claims, Fire Insurance, General Insurance, Anomalous Numbers Model

Authors

First Name

محمد

Last Name

محمد السيد حافظ

MiddleName

-

Affiliation

کلية التجارة - جامعة بنى سويف

Email

eyadaser4@gmail.com

City

-

Orcid

-

Volume

34

Article Issue

3

Related Issue

51949

Issue Date

2024-12-01

Receive Date

2024-08-13

Publish Date

2024-12-01

Page Start

100

Page End

123

Print ISSN

1687-3440

Online ISSN

2682-3349

Link

https://mosj.journals.ekb.eg/article_395926.html

Detail API

https://mosj.journals.ekb.eg/service?article_code=395926

Order

395,926

Type

المقالة الأصلية

Type Code

1,226

Publication Type

Journal

Publication Title

مجلة الدراسات المالية والتجارية

Publication Link

https://mosj.journals.ekb.eg/

MainTitle

Using the anomalous numbers model (Newcom-Benford model) to verify the accuracy of published data for the fire insurance branch of insurance companies in the Egyptian market

Details

Type

Article

Created At

25 Dec 2024