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We leverage telematics data on driving behavior variables to assess driver risk and predict future insurance claims in … risky drivers and improves the accuracy of loss reserving for auto insurance companies …
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One of the most important risks in the actuarial industry is the longevity risk. The accurate prediction of mortality rates plays a crucial role in the management of the aforementioned risk. Such predictions are performed by modelling the mortality rates using mortality models. Aiming at...
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Modelling claim frequency and claim severity are topics of great interest in property-casualty insurance for supporting … claim severity distributions of an auto insurance big dataset and compare it with that obtained using a standard GLM model … the insurer in feature engineering and the development of a data-driven approach to risk management and insurance. …
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in a United States working population and their dependence on a number of demographic and health insurance …, in the context of a large real data set in the area of healthcare insurance. We used nagging predictors, averaging over …
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This paper uses a modification of the Random Forest classification algorithm to predict insolvency of insurers. RF orders companies according to their propensity to default. We show that RF methodology delivers higher quality of prediction compared to other existing methods. In addition, RF...
Persistent link: https://www.econbiz.de/10013034600
This article explores the capacity of self-organizing maps (SOMs) for analysing non-life insurance data. Contrary to … reduces by this way the collinearity bias. However, the specific features of insurance data require adapting the classic SOM …
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