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Title:
Development of an Insurance Scoring System Based on the Pairwise Comparison Method
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Uncontrolled Keywords:
insurance score ; risk management ; analytical hierarchy process ; pairwise comparison ; indicator normalization ; financial discipline ; tariff ; credit score
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Abstract:
The article presents the process of developing an insurance scoring model based on the pairwise comparison method. Within the framework of the research, the weights of the main indicators, such as payment history, credit score, claims history, etc., were determined based on expert assessments. This research contributes to the introduction of a scoring system in the Armenian insurance market, based on international best practices and local conditions. The use of a scoring system will allow insurance companies to more effectively classify customers by risk level, which will allow them to better assess the potential volume of liabilities and ensure more predictable cash flows. As a result, companies can effectively allocate their investment assets, reduce the risk of large losses and improve overall financial stability. Thus, the introduction of insurance scoring will not only help reduce losses and justify tariff policy but will also become an important tool for increasing the efficiency of asset management for the long-term stability of insurance companies.
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Երևան
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Նյութը վերցված է Հայաստանի պետական տնտեսագիտական համալսարանի կայքից։