الفهرس 
IntroductionOnly 14 pages are availabe for public view
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Abstract
THE STUDY USED JORIAN MODEL TO ESTIMATE THE FOREIGN EXCHANGE EXPOSURE (FXE) from 2000 UNTIL 2016 FOR ALL THE INSURANCE COMPANIES OPERATING IN EGYPT. THEN WE DEVELOPED A QUANTITATIVE MODEL TO IDENTIFY THE VARIABLES THAT CAUSED THE EXPOSURE FOR THE LISTED AND UNLISTED INSURANCE COMPANIES. THE STUDY AIMED TO FIND OUT THE EFFECT OF THE FXE ON THE FINANCIAL PERFORMANCE OF THE INSURANCE COMPANIES AND WHETHER IT COULD BE MINIMIZED USING FINANCIAL HEDGE OR OPERATIONAL HEDGE. THE RESEARCH DESIGN WAS A DESCRIPTIVE STUDY WHICH USED A QUANTITATIVE LIFE DATA (QLD) AND QUANTITATIVE QUESTIONNAIRE DATA (QQD) ANALYSIS. THE SAMPLE SIZE CONSTITUTED OF 32 INSURANCE COMPANIES THAT ANALYZED AFTER ELIMINATING SPOILT AND INCONSISTENT QUESTIONNAIRES. THE RESEARCH UTILIZED A QUESTIONNAIRE FOR DATA COLLECTION THAT INCLUDED STRUCTURED QUESTIONS. IN ANALYZING THE RESPONSES, THE MICROSOFT EXCEL SPREADSHEET TOOL AND STATISTICAL PACKAGE FOR SOCIAL SCIENCES (SPSS) WERE USED TO CALCULATE THE DESCRIPTIVE STATISTICS. THE STUDY FOUND THAT THE INSURANCE COMPANIES IN EGYPT ARE AFFECTED BY THE FXE. THE STUDY CONCLUDED THAT LISTED INSURANCE COMPANIES ARE AFFECTED BY THE FXE MORE THAN UNLISTED INSURANCE COMPANIES. AS PREDICTABLE, THE NUMBER OF FXE PERIODS INCREASES WITH THE EXPOSURE ESTIMATION HORIZONS. MORE INTERESTINGLY, THE FXE AFFECTS THE FINANCIAL PERFORMANCE OF THE INSURANCE COMPANIES THROUGH CASH FLOW, REVENUE AND PROFIT. OUR RESULTS HAVE IMPORTANT IMPLICATIONS FOR MANAGERS, POLICY MAKERS, AND ACCOUNTING STANDARDS.