土耳其保险公司统计分析预警模型[外文翻译]

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1、外文翻译EarlywarningmodelwithstatisticalanalysisproceduresinTurkishinsurancecompaniesMaterialSource:AfricanJournalofBusinessManagementAuthor:IsseverogluGulsun,GucenmeUmitInsurancecompaniesaresocialentitiesorganizedtooffloadthefinancialrisksencounteredbyindividualsorfirm

2、s.Individualspayapremiumandgiventheoccurrenceofspecificevents,receiveremunerationforlossesincurred.Inaddition,insurancecompaniescontributesubstantiallytothenationaleconomybyusingcapitalgatheredthroughpremiumsforinvestment.Thehighpotentialforinsurabilityandtherapidim

3、provementoftheinsuranceandpensionsectorhaveincreasedthevisibilityoftheTurkishinsurancemarkettoforeigninvestors.Sincetheinsurabilityratehasreachedasaturationpointinothercountries,foreigninvestorsbeganincreasingtheirinvestmentsindevelopingcountriesbeginningin2006,with

4、thisinvestmentcontinuingtogrowin2007.Tofurtherincreasetheefficiencyandefficacyofthenationalinsurancesector,itisveryimportanttoexamineandanalysethesectordata.Companyprofitabilitytrendsattractnotonlytheattentionoftheshareholders,butalsotheattentionofinvestors,creditor

5、sandauditingfirms.Businessfailureisanunfavourableandcostlyeventforsociety.Inanenvironmentwithlimitedresources,businessfailurecanmeanthemisallocationofresourcesandresultinenormouseconomicandsocialcosts.Whenafirmgoesbankrupt,shareholdersareusuallythebiggestlosers.Oper

6、ationssuchasmeasuring,evaluatingandratingshouldbeperformedinordertobetterassessaninsurancecompany’sfinancialpotential.Atrustworthyflowofincometothemarket,whichmightallowforincreasesindecisionspeedandquality,maybepossiblewiththeimplementationofratingapplications.Inad

7、dition,thedevelopmentofincreasinglysophisticatedcomputertechnologieshasenabledtheuseofstatisticalmethodsinseveralresearchfields.Inasimilarstudy,Isseveroglu(2005),aimedtodevelopamulti-variablemodeltopredictthestartingperiodoffinancialfailuresordifficultiesforenterpri

8、sesbyapplyingmulti-dimensionalstatisticalanalysestotheTurkishinsurancesectoranddefiningfactorscausingfinancialfailure.Ourdatasethasbeencom