Ontology based Approach for an Insurance Company Activity Modelling

Aurelia Pãtraºcu
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Aurelia Pãtraºcu: Faculty of Economic Sciences, Petroleum-Gas University of Ploieºti, Romania

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 1, 81-85

Abstract: By their operations variety, insurance companies are faced with a large amount of data, taking into account that an insurance type allows to cover several risks types. Also, the same risk type can be the subject to several insurance types. The risk notion is specific to the insurance domain and the insurance risk significances are varied. Ontology is a formal, explicit specification of the terms and defines a common vocabulary for researchers who need to communicate information in a certain field. This paper aims to create an OWL ontology for modelling the activity of an insurance company, providing a solid basis to apply knowledge in the general insurances domain, by defining a set of representation terms for risks, in order for the big insurance companies to discover new information relating to the interaction between risks, to form an overview of the external and internal risk factors to which an insurer is subjected to

Keywords: OWL ontology; Protégé ontology editor; insurance policy; types of risk (search for similar items in EconPapers)
JEL-codes: C63 C81 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:1:p:81-85

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