Machine Learning In Insurance

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Machine Learning In Insurance
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Author : Jens Perch Nielsen
language : en
Publisher: MDPI
Release Date : 2020-12-02
Machine Learning In Insurance written by Jens Perch Nielsen and has been published by MDPI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12-02 with Business & Economics categories.
Machine learning is a relatively new field, without a unanimous definition. In many ways, actuaries have been machine learners. In both pricing and reserving, but also more recently in capital modelling, actuaries have combined statistical methodology with a deep understanding of the problem at hand and how any solution may affect the company and its customers. One aspect that has, perhaps, not been so well developed among actuaries is validation. Discussions among actuaries’ “preferred methods” were often without solid scientific arguments, including validation of the case at hand. Through this collection, we aim to promote a good practice of machine learning in insurance, considering the following three key issues: a) who is the client, or sponsor, or otherwise interested real-life target of the study? b) The reason for working with a particular data set and a clarification of the available extra knowledge, that we also call prior knowledge, besides the data set alone. c) A mathematical statistical argument for the validation procedure.
Disrupting Finance
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Author : Theo Lynn
language : en
Publisher: Palgrave Pivot
Release Date : 2018-12-19
Disrupting Finance written by Theo Lynn and has been published by Palgrave Pivot this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-19 with Business & Economics categories.
This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.
Analytics For Insurance
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Author : Tony Boobier
language : en
Publisher: John Wiley & Sons
Release Date : 2016-10-10
Analytics For Insurance written by Tony Boobier and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-10-10 with Business & Economics categories.
The business guide to Big Data in insurance, with practical application insight Big Data and Analytics for Insurers is the industry-specific guide to creating operational effectiveness, managing risk, improving financials, and retaining customers. Written from a non-IT perspective, this book focusses less on the architecture and technical details, instead providing practical guidance on translating analytics into target delivery. The discussion examines implementation, interpretation, and application to show you what Big Data can do for your business, with insights and examples targeted specifically to the insurance industry. From fraud analytics in claims management, to customer analytics, to risk analytics in Solvency 2, comprehensive coverage presented in accessible language makes this guide an invaluable resource for any insurance professional. The insurance industry is heavily dependent on data, and the advent of Big Data and analytics represents a major advance with tremendous potential – yet clear, practical advice on the business side of analytics is lacking. This book fills the void with concrete information on using Big Data in the context of day-to-day insurance operations and strategy. Understand what Big Data is and what it can do Delve into Big Data's specific impact on the insurance industry Learn how advanced analytics can revolutionise the industry Bring Big Data out of IT and into strategy, management, marketing, and more Big Data and analytics is changing business – but how? The majority of Big Data guides discuss data collection, database administration, advanced analytics, and the power of Big Data – but what do you actually do with it? Big Data and Analytics for Insurers answers your questions in real, everyday business terms, tailored specifically to the insurance industry's unique needs, challenges, and targets.
Data Science And Risk Analytics In Finance And Insurance
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Author : Tze Leung Lai
language : en
Publisher: CRC Press
Release Date : 2024-10-02
Data Science And Risk Analytics In Finance And Insurance written by Tze Leung Lai and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-02 with Business & Economics categories.
This book presents statistics and data science methods for risk analytics in quantitative finance and insurance. Part I covers the background, financial models, and data analytical methods for market risk, credit risk, and operational risk in financial instruments, as well as models of risk premium and insolvency in insurance contracts. Part II provides an overview of machine learning (including supervised, unsupervised, and reinforcement learning), Monte Carlo simulation, and sequential analysis techniques for risk analytics. In Part III, the book offers a non-technical introduction to four key areas in financial technology: artificial intelligence, blockchain, cloud computing, and big data analytics. Key Features: Provides a comprehensive and in-depth overview of data science methods for financial and insurance risks. Unravels bandits, Markov decision processes, reinforcement learning, and their interconnections. Promotes sequential surveillance and predictive analytics for abrupt changes in risk factors. Introduces the ABCDs of FinTech: Artificial intelligence, blockchain, cloud computing, and big data analytics. Includes supplements and exercises to facilitate deeper comprehension.
Data Alchemy In Insurance Revolutionizing The Insurance Industry Through Big Data Analytics
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Author : Sanjay Taneja, Ercan Ozen, Luan Vardar, Mohit Kukreti, Mohammad Kashif
language : en
Publisher: Bentham Science Publishers
Release Date : 2025-06-24
Data Alchemy In Insurance Revolutionizing The Insurance Industry Through Big Data Analytics written by Sanjay Taneja, Ercan Ozen, Luan Vardar, Mohit Kukreti, Mohammad Kashif and has been published by Bentham Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-06-24 with Business & Economics categories.
Data Alchemy in Insurance: Revolutionizing the Insurance Industry through Big Data Analytics discusses cutting-edge technologies like machine learning and AI, transforming insurance into a dynamic, customer-centric industry. Spanning fifteen chapters, topics range from predictive analytics for customer retention to ethical dilemmas in data usage. Learn how big data enhances risk assessment, underwriting, and customer engagement, fostering innovation and operational efficiency. Insights into robo-advisors, automation, and sustainable insurance models provide a comprehensive view of industry advancements. Key Features: - The Data-Driven Renaissance: Innovate and grow strategically with big data. - Customer-Centric Transformation: Personalize engagement and satisfaction. - Operational Efficiency: Optimize claims, detect fraud, and assess risk effectively.
Artificial Intelligence And Exponential Technologies
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Author : Francesco Corea
language : en
Publisher:
Release Date : 2017
Artificial Intelligence And Exponential Technologies written by Francesco Corea and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Artificial intelligence categories.
2020 6th Ieee Congress On Information Science And Technology Cist
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Author : IEEE Staff
language : en
Publisher:
Release Date : 2021-06-05
2020 6th Ieee Congress On Information Science And Technology Cist written by IEEE Staff and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-05 with categories.
Gather the best scientists and world class experts to share leading edge and multidisciplinary research in various fields related to information science and technology
Contemporary Issues In Communication Cloud And Big Data Analytics
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Author : Hiren Kumar Deva Sarma
language : en
Publisher: Springer
Release Date : 2021-12-02
Contemporary Issues In Communication Cloud And Big Data Analytics written by Hiren Kumar Deva Sarma and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-02 with Technology & Engineering categories.
This book presents the outcomes of the First International Conference on Communication, Cloud, and Big Data (CCB) held on December 18–19, 2020, at Sikkim Manipal Institute of Technology, Majitar, Sikkim, India. This book contains research papers and articles in the latest topics related to the fields like communication networks, cloud computing, big data analytics, and on various computing techniques. Research papers addressing security issues in above-mentioned areas are also included in the book. The research papers and articles discuss latest issues in the above-mentioned topics. The book is very much helpful and useful for the researchers, engineers, practitioners, research students, and interested readers.
Artificial Intelligence And Insurance Solutions For The Modern Property Landscape
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Author : LAHARI PANDIRI
language : en
Publisher: GLOBAL PEN PRESS UK PUBLICATION
Release Date :
Artificial Intelligence And Insurance Solutions For The Modern Property Landscape written by LAHARI PANDIRI and has been published by GLOBAL PEN PRESS UK PUBLICATION this book supported file pdf, txt, epub, kindle and other format this book has been release on with Computers categories.