Ordinal Classification Method for the Evaluation Of Thai Non-life Insurance Companies
Risk Management
2012-04-23 v2
Abstract
This paper proposes a use of an ordinal classifier to evaluate the financial solidity of non-life insurance companies as strong, moderate, weak, and insolvency. This study constructed an efficient classification model that can be used by regulators to evaluate the financial solidity and to determine the priority of further examination as an early warning system. The proposed model is beneficial to policy-makers to create guidelines for the solvency regulations and roles of the government in protecting the public against insolvency.
Keywords
Cite
@article{arxiv.1203.6424,
title = {Ordinal Classification Method for the Evaluation Of Thai Non-life Insurance Companies},
author = {Phaiboon Jhonpita and Sukree Sinthupinyo and Thitivadee Chaiyawat},
journal= {arXiv preprint arXiv:1203.6424},
year = {2012}
}