PREDICTING ECONOMIC INDICES OF VEHICLE INSURANCE USING THE “GREY-SYSTEM THEORY”

Abstract

This paper contains a prognosis of vehicle insurance economic indices using the Grey System Theory. It has been prepared based on data provided by a certain insurance company. The following economic factors were analysed: number of insured vehicles, premiums income, amount of damage cases covered, and value of paid compensations. The results of this study indicate a reduction in all analysed indices over twelve months.

Keywords

• transport
• grey-system theory
• insurance