Rough Sets in insurance sector

Abstract

Rough Set theory methodology belongs to the domain of Artificial Intelligence (AI) and has demonstrated a very high performance in financial issues, especially in classifying problems. Yet, there is little AI research devoted to the insurance industry, although it plays a growing and crucial role in modern economies. The present chapter shows three relevant rough sets researches in insurance sector concluding that this method is an effective tool for supporting managerial decision making in general, and for insurance sector in particular.