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arXiv · 1203.6424

Ordinal Classification Method for the Evaluation Of Thai Non-life Insurance Companies

Phaiboon Jhonpita·Sukree Sinthupinyo·Thitivadee Chaiyawat
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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.

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Phaiboon Jhonpita, Sukree Sinthupinyo, Thitivadee Chaiyawat. 2012-03-29. Ordinal Classification Method for the Evaluation Of Thai Non-life Insurance Companies. https://arxiv.org/abs/1203.6424

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