Accurate forecasting of insurance claims is of the utmost importance for insurance activity as the evolution of claims … determines cash outflows and the pricing, and thus the profitability, of the underlying insurance coverage. These are used as … inputs when the insurance company drafts its business plan and determines its risk appetite, and the respective solvency …

This study proposes an efficacious approach to analyze the over-dispersed insurance frequency data as it is imperative … for the insurers to have decisive informative insights for precisely underwriting and pricing insurance products …, retaining existing customer base and gaining an edge in the highly competitive retail insurance market. The delta boosting …