Study Findings on Data Mining Described by Researchers at School of Economics (Application of C4.5 Algorithm in Insurance and Financial Services Using Data Mining Methods): Information Technology – Data Mining

2022 SEP 20 (NewsRx) -- By a News Reporter-Staff News Editor at Health Policy and Law Daily -- Data detailed on data mining have been presented. According to news reporting from the School of Economics by NewsRx journalists, research stated, “The insurance financial management information system has accumulated a large amount of data as the insurance financial system has improved and the number of people investing in insurance has increased rapidly. The performance of the insurance agency significantly contributes to the industry’s growth, which leads to economic prosperity.”

Our news reporters obtained a quote from the research from School of Economics: “Different financial ratios were developed to investigate it, taking into consideration the insurance provider’s stability, insolvency, profitability, and leverage. The profitability of organizations and insurers is used to evaluate the general effectiveness. In order to achieve this goal, this study examines the impact of insolvency, leverage, stability, scope, and impartiality of capital on the efficiency of Chinese life insurers. The study of financial statements examines a company’s overall financial health throughout time. It is a method of identifying a company’s financial assets and liabilities by integrating a statement of financial position and balance sheet features. It provides a systematic approach to assessing and evaluating the company’s predicament. Using the experimental results, the scores of several insurance firms are compared, and their performance is described based on these results. The effective use of these data to assist decision-makers in developing more reasonable financial insurance investment policies have emerged as a significant challenge that must be addressed.”

According to the news editors, the research concluded: “This study utilized the decision tree C 4.5 mining algorithm to analyze insurance financial system data, identify key factors influencing insurance finance, and assist decision-makers in optimizing policy parameters. Finally, the consequence of an increase is analyzed using a previously unseen method to assess the precision of the prediction result.”

For more information on this research see: Application of C4.5 Algorithm in Insurance and Financial Services Using Data Mining Methods. Mobile Information Systems, 2022,2022. (Mobile Information Systems - https://www.hindawi.com/journals/misy/). The publisher for Mobile Information Systems is Hindawi Limited.

A free version of this journal article is available at https://doi.org/10.1155/2022/5670784.

Our news journalists report that more information may be obtained by contacting Shihao Xuanyuan, School of Economics.

(Our reports deliver fact-based news of research and discoveries from around the world.)