Machine learning in P&C insurance: A review for pricing and reserving

C Blier-Wong, H Cossette, L Lamontagne, E Marceau - Risks, 2020 - mdpi.com
In the past 25 years, computer scientists and statisticians developed machine learning
algorithms capable of modeling highly nonlinear transformations and interactions of input …

Freight insurance pricing strategy based on an online freight platform

C Yang, L Chen, Q Xia - Industrial Management & Data Systems, 2023 - emerald.com
Purpose The development of digital technology has provided technical support to various
industries. Specifically, Internet-based freight platforms can ensure the high-quality …

A data mining based target regression-oriented approach to modelling of health insurance claims

K Dutta, S Chandra, MK Gourisaria… - 2021 5th …, 2021 - ieeexplore.ieee.org
Machine learning or Data mining algorithms can be used for predicting future management
and thus treated as powerful tools. In recent days, data mining has become very important …

Gamma mixture density networks and their application to modelling insurance claim amounts

Ł Delong, M Lindholm, MV Wüthrich - Insurance: Mathematics and …, 2021 - Elsevier
We discuss how mixtures of Gamma distributions with mixing probabilities, shape and rate
parameters depending on features can be fitted with neural networks. We develop two …

Model-based clustering via skewed matrix-variate cluster-weighted models

MPB Gallaugher, SD Tomarchio… - Journal of Statistical …, 2022 - Taylor & Francis
Cluster-weighted models (CWMs) extend finite mixtures of regressions (FMRs) in order to
allow the distribution of covariates to contribute to the clustering process. In this article, we …

Multivariate cluster weighted models using skewed distributions

MPB Gallaugher, SD Tomarchio… - Advances in Data …, 2022 - Springer
Much work has been done in the area of the cluster weighted model (CWM), which extends
the finite mixture of regression model to include modelling of the covariates. Although many …

State-of-the-Art Review of Life Insurtech: Machine learning for underwriting decisions and a Shift Toward Data-Driven, Society-oriented Environment

A Kharlamova, A Kruglov… - … International Congress on …, 2024 - ieeexplore.ieee.org
Machine learning has been used by insurance companies for nearly a decade to identify
potential risks and improve underwriting decisions. Nonetheless, there is a lack of …

Finite mixture model of hidden Markov regression with covariate dependence

S Sarkar, X Zhu - Stat, 2022 - Wiley Online Library
In recent days, a combination of finite mixture model (FMM) and hidden Markov model
(HMM) is becoming popular for partitioning heterogeneous temporal data into …

[HTML][HTML] Frequency-severity experience rating based on latent Markovian risk profiles

RM Verschuren - Insurance: Mathematics and Economics, 2022 - Elsevier
Abstract Bonus-Malus Systems traditionally consider a customer's number of claims
irrespective of their sizes, even though these components are dependent in practice. We …

[PDF][PDF] Prediction of Multimodal Poisson Variable using Discretization of Gaussian Data.

E Uglickich, I Nagy, M Petrous - ICINCO, 2021 - scitepress.org
The paper deals with predicting a discrete target variable described by the Poisson
distribution based on the discretized Gaussian explanatory data under condition of the …