Beta
200326

Overview of Data Mining techniques for CRM management at Insurance Broker

Article

Last updated: 23 Jan 2023

Subjects

-

Tags

-

Abstract

In today's world, hard conditions in the market lead the companies to find new ways to be competeable. With the intensive global competition and rapidly changing technological environments, meeting customers' various needs and maximizing the value of profitable customers are becoming the only viabl e option for many contemporary companies. Together with technological developments, companies and institutions constantly store customer and sales data. By applying data mining techniques, the companies may obtain valuable, meaningful, potentially useful and valuable information from the data analysis, which is unknown beforehand. Among the data mining techniques we can distinguish the clustering and associative rules mining as the most used efficien t techniques for data based analysis. This paper is devoted to research and overview of the techniques and methods for the development of data mining application in an insurance brokerage company based on effective analysis of the customer relationship management activities meanwhile the customer master data and sales transactions can be converted to meaningful information. In this concern, data mining application can be developed to segment processes among customers and products, and to find links between them.

DOI

10.21608/aeta.2018.200326

Keywords

Customer Relationship Management, insurance brokerage, Data mining, Clustering analysis, associative rules

Authors

First Name

Fethi

Last Name

ATA

MiddleName

-

Affiliation

Arel University, Istanbul, Turkey

Email

-

City

-

Orcid

-

First Name

Lyazzat

Last Name

Atymtayeva

MiddleName

-

Affiliation

Suleyman Demirel University, Almaty, Kazakhstan

Email

-

City

-

Orcid

-

Volume

7

Article Issue

1

Related Issue

28261

Issue Date

2018-01-01

Receive Date

2021-10-19

Publish Date

2018-01-01

Page Start

1

Page End

5

Print ISSN

2090-9535

Online ISSN

2090-9543

Link

https://aeta.journals.ekb.eg/article_200326.html

Detail API

https://aeta.journals.ekb.eg/service?article_code=200326

Order

200,326

Type

Original Article

Type Code

2,017

Publication Type

Journal

Publication Title

Advanced Engineering Technology and Application

Publication Link

https://aeta.journals.ekb.eg/

MainTitle

-

Details

Type

Article

Created At

23 Jan 2023