Boosting Insights in Insurance Tariff Plans with Tree-Based Machine Learning Methods

DOI10.1080/10920277.2020.1745656zbMath1475.91306arXiv1904.10890OpenAlexW3042452368MaRDI QIDQ5165011

Roel Henckaerts, Roel Verbelen, Katrien Antonio, Marie-Pier Côté

Publication date: 15 November 2021

Published in: North American Actuarial Journal (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1904.10890

Mathematics Subject Classification ID

Learning and adaptive systems in artificial intelligence (68T05) Actuarial mathematics (91G05)

Related Items (max. 100)

Boosting Poisson regression models with telematics car driving data ⋮ A hierarchical reserving model for reported non-life insurance claims ⋮ The added value of dynamically updating motor insurance prices with telematics collected driving behavior data ⋮ Spatial modelling of risk premiums for water damage insurance ⋮ Imbalanced learning for insurance using modified loss functions in tree-based models ⋮ Leveraging high-resolution weather information to predict hail damage claims: a spatial point process for replicated point patterns ⋮ Frequency-severity experience rating based on latent Markovian risk profiles ⋮ Bayesian CART models for insurance claims frequency ⋮ Response versus gradient boosting trees, GLMs and neural networks under Tweedie loss and log-link ⋮ On hybrid tree-based methods for short-term insurance claims ⋮ Insurance pricing with hierarchically structured data an illustration with a workers' compensation insurance portfolio ⋮ Toward an explainable machine learning model for claim frequency: a use case in car insurance pricing with telematics data ⋮ Spatial Tweedie exponential dispersion models: an application to insurance rate-making

Uses Software

• R
• MASS (R)
• CASdatasets
• gamair

Cites Work

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• Statistical Analysis of Financial Data in S-Plus
• Spatial modelling of claim frequency and claim size in non-life insurance
• Actuarial Modelling of Claim Counts
• A data driven binning strategy for the construction of insurance tariff classes
• Hierarchical Insurance Claims Modeling
• Generalized Linear Models for Insurance Data
• The elements of statistical learning. Data mining, inference, and prediction
• Random forests
• Stochastic gradient boosting.

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