A Data Science Approach to Risk Assessment for Automobile Insurance Policies. (arXiv:2209.02762v1 [cs.LG])

In order to determine a suitable automobile insurance policy premium one
needs to take into account three factors, the risk associated with the drivers
and cars on the policy, the operational costs associated with management of the
policy and the desired profit margin. The premium should then be some function
of these three values. We focus on risk assessment using a Data Science
approach. Instead of using the traditional frequency and severity metrics we
instead predict the total claims that …

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