A model of existing risks in Iran’s insurance industry

Iranian insurance industry requires a mutation and serious change so that it can be addressed on the world field. One thing, which could considerably help the Iranian insurance companies, is strategic management. However, the results of researches indicate that many processes of strategy are leading to the failure in organizations and this, in addition to imposing additional expenditures to organization, leads to loss opportunities and future benefits. According to this if managers before starting this process, become familiar with the barriers through the path so can better counter with them and increase the likelihood of strategies success. The main goal of present research is identifying and presenting an applied model of successful strategic management barriers in Iranian insurance industry. To reach this goal a combination of grounded theory (GT) and structural equation modeling (SEM) is used and data needed for research, has been collected by deep interviews with some of prominent experts and researchers of the insurance industry and also questionnaire. In result of open coding of interviews, 97 concepts were found that after classification, the strategic management risks of Iran’s insurance industry are identified as: commercial (environmental) risks, organizational risks, operational risks, technical risks, knowledge risks, human resources risks and events risks. SEM has confirmed the validity of presented model.