Accurate forecasting of insurance claims is of the utmost importance for insurance activity as the evolution of claims … determines cash outflows and the pricing, and thus the profitability, of the underlying insurance coverage. These are used as … inputs when the insurance company drafts its business plan and determines its risk appetite, and the respective solvency …

The previous performance evaluation studies towards non-life insurance companies emphasized on the comparative … evaluation among public and private sector companies. Early detection and diagnosis of bankruptcy of insurance companies is much … variables and determine how they contribute to bankruptcy risk prediction, based on which the non-life insurance companies are …