Al-Durr Magazine 34(3), December.
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
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 property and liability 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.
Bibtex:
@article{,
author = {Mohamed Mahmoud Hashem and Mohamed Ahmed Abdel Naby and Mohamed Mohamed El Sayed Hafez},
title = {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},
year = {2024},
month = {December},
journal = {Al-Durr Magazine},
volume = {34},
issue = {3},
url = {https://mosj.journals.ekb.eg/article_384456_ddd60e032d43671177f47b76056c787d.pdf
},
}
Reference Type: Journal Article
Subject Area(s): Accounting