+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Cluster analysis in the control over the activity of insurance companies

Vol. 19, Iss. 3, MARCH 2020

Received: 13 February 2020

Received in revised form: 21 February 2020

Accepted: 3 March 2020

Available online: 30 March 2020

Subject Heading: BUSINESS PERFORMANCE

JEL Classification: G22, M41, М42, M49

Pages: 541–563

https://doi.org/10.24891/ea.19.3.541

Turgaeva A.A. Astrakhan State Technical University, Astrakhan, Russian Federation
a_turgaeva@mail.ru

https://orcid.org/0000-0002-8374-1706

Subject The article considers clustering of insurance companies as a type of informatization of economy for practical application by the internal control system.
Objectives The purpose is to present clusters and give their interpretation for insurance companies in relation to internal control; identify the possibility of clustering, using the Deductor Studio platform developed by Base Group for internal control systems.
Methods The study employs techniques of statistical research and data processing, mathematical methods, methods of grouping, and cluster analysis.
Results Clusters are presented by several indicators of insurance companies. The study reveals heterogeneity in the results of distribution according to the rating of companies in terms of various indicators. It confirms the need to use the cluster analysis in the internal control system.
Conclusions Cluster analysis enables the internal control system to take into account all data regardless of their amount, and avoid data sampling. It reduces the level of errors in the results of analysis and control.

Keywords: cluster analysis, internal control, insurance company, Kohonen network, Data Mining program

References:

  1. Turgaeva A.A. [Evolution of the insurance matter in Russia and abroad]. Menedzhment v Rossii i za rubezhom = Management in Russia and Abroad, 2020, no. 1, pp. 101–106. (In Russ.)
  2. Morozov M.M. [Evaluation of health insurance market companies using the cluster data analysis method]. Vestnik Rossiiskogo novogo universiteta. Ser.: Chelovek i obshchestvo = Vestnik of Russian New University. Series Man and Society, 2009, no. 3, pp. 115–117. (In Russ.)
  3. Domashova D.V., Shirobokova E.A. [Modelling Insurance Company License Withdrawal]. Vestnik Rossiiskoi akademii estestvennykh nauk = Bulletin of Russian Academy of Natural Sciences, 2017, vol. 17, no. 3, pp. 49–54. URL: Link.pdf (In Russ.)
  4. Aksyanova A.V., Aleksandrovskaya Yu.P. [Research of Structure Clients of the Market of Car Insurance on the Basic of Multivariate Statistical Analysis]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2016, no. 10-3, pp. 338–341. (In Russ.)
  5. Sadovnikova N.A., Yudintseva E.A. [Statistical analysis and forecasting of the branch network development of the insurance company]. Inovatsii i investitsii = Innovation and Investment, 2016, no. 6, pp. 109–114. (In Russ.)
  6. Korunova N.V. [Fuzzy network clusterization of information resources of project repository]. Izvestiya Samarskogo nauchnogo tsentra Rossiiskoi akademii nauk = Izvestia of Samara Scientific Center of the Russian Academy of Sciences, 2010, no. 4-2, pp. 469–475. URL: Link (In Russ.)
  7. Kalinina V.V. [Modern approaches to the estimation of the industrial complex of a region]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Ekonomika = Journal of Volgograd State University. Economics, 2011, no. 2, pp. 62–69. URL: Link (In Russ.)
  8. Pestunov I.A., Sinyavskii Yu.N. [Clustering algorithms in satellite images segmentation tasks]. Vestnik Kemerovskogo gosudarstvennogo universiteta = Bulletin of Kemerovo State University, 2012, no. 2, pp. 110–125. URL: Link (In Russ.)
  9. Soldatova O.P., Chaika P.D. [Efficiency analysis of solution of classification using hybrid Kohonen neural networks]. Izvestiya Samarskogo nauchnogo tsentra Rossiiskoi akademii nauk = Izvestiya of Samara Scientific Center of the Russian Academy of Sciences, 2015, no. 2-5, pp. 1147–1152. URL: Link (In Russ.)
  10. Turgaeva A.A. [Internal control: The process of participation of the insurance company in the performance of obligations under government contracts]. Problemy ekonomiki i yuridicheskoi praktiki = Economic Problems and Legal Practice, 2019, vol. 15, no. 6, pp. 75–82. (In Russ.)

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 23, Iss. 3
March 2024

Archive