The Impact of Risk Management Practices on the Organizational Performance: Field Study at Jordanian Insurance Companies أثر ممارسات إدارة المخاطر على الاداء التنظيمي في شركات التامين في عمان – الاردن

جابر, عالء الدين (2020) The Impact of Risk Management Practices on the Organizational Performance: Field Study at Jordanian Insurance Companies أثر ممارسات إدارة المخاطر على الاداء التنظيمي في شركات التامين في عمان – الاردن. Masters thesis, جامعة الشرق الاوسط.

Text The Impact of Risk Management Practices on the Organizational Performance.pdf Download (1MB)

Abstract

This study aims to study the impact of risk management practices on the organizational performance in insurance companies in the Hashemite Kingdom of Jordan, Jordan. In order to implement this study, data were collected from 120 managers who work in Jordanian insurance companies by the questionnaire. When confirming the normal distribution of answers and the validity and reliability of the tool, a descriptive analysis was performed and the correlation between the variables was investigated. Data were analyzed using regression analysis using SPSS 19. This study showed that most companies operate for a long time. The study demonstrated that risk management practices have an impact on organizational performance, as risk mitigation was the most influencing organizational performance, followed by risk identification, risk assessment, and risk control, and the least impact was the implementation of risk management. All risk management practices have a positive impact on organizational performance. The research recommended that insurance companies should take cost-effective measures to identify risks in a timely manner and effectively mitigate risks Insurance companies in Jordan should educate their employees about the importance of risk management and their practices and they must continuously evaluate risk management practices to ensure that they are still able to remain in a changing work environment. The current study was conducted on Jordanian insurance companies. Therefore, researchers recommend in the future, to collect more data over a longer period of time to verify the validity of the current model and measuring instrument. This study is one of the few studies that have examined the impact of risk management practices on insurance companies in Jordan. The study model has been developed from various sources to develop and increase awareness of Jordanian insurance companies of the importance of risk management. Keywords: risk management, organizational performance, insurance companies, risk assessment, risk identification, risk mitigation, risk implementation

Actions (login required)

View Item