The Impact of Risk Management on Achieving Financial Stability An Analytical Study of a Sample of Private Insurance Companies Listed on the Iraq Stock Exchange for the Period (2015-2024)

Abstract

The aim of the study was to measure and analyze the impact of risk management and its indicators (debt-to-equity ratio, turnover ratio, insurance premium ratio, cash ratio, and unexpired risk reserve ratio) on financial stability, which was measured using the modified Al-Taman equation for insurance companies listed on the Iraq Stock Exchange for the period from 2015 to 2024, by analyzing the companies' published financial statements. Financial and statistical tools were used to achieve the study objective and determine the extent of the influence of the independent variable on the dependent variable. The study was based on a main problem related to the possibility of achieving financial stability through risk management, from which a number of questions branched out that were answered within the study's chapters. The study concluded that there is a clear disparity in the level of financial stability of the study sample companies and that there is a clear impact of risk management variables on the level of financial stability. The study recommended the need to develop various mechanisms to manage risks associated with insurance companies.