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 | ||||
| مجلة الدراسات المالية والتجارية | ||||
| Volume 34, Issue 3, December 2024, Page 100-123 PDF (540.23 K) | ||||
| Document Type: المقالة الأصلية | ||||
| DOI: 10.21608/mosj.2024.312052.1238 | ||||
 View on SCiNiTO | ||||
| Author | ||||
محمد محمد السيد حافظ 
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| کلية التجارة - جامعة بنى سويف | ||||
| 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. | ||||
| Keywords | ||||
| Premiums; Claims; Fire Insurance; general Insurance; Anomalous Numbers Model | ||||
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