Application of Classification Methods to the Evaluation of Polish Insurance Companies

  • Marta Borda
  • Patrycja Kowalczyk-Lizak
Part of the Studies in Classification, Data Analysis, and Knowledge Organization book series (STUDIES CLASS)


The evaluation of the financial standing is in the interest of both the insurance companies and other groups of businesses operating in the insurance market. The paper presents the selection of ratios characterizing the financial standing of the insurance companies in the Polish market. The authors have applied the k-means method and Ward’s method in order to classify the insurance companies according to their financial situation. The obtained results show the variation in the financial standing of the analyzed insurers and changes in this field over the last few years.


Life Insurance Debt Ratio Polish Insurance Company Insurance Business Life Insurance Company 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin · Heidelberg 2005

Authors and Affiliations

  • Marta Borda
    • 1
  • Patrycja Kowalczyk-Lizak
    • 1
  1. 1.Department of Financial Investments and InsuranceWroclaw University of EconomicsWroclawPoland

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