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Insurance Claims Modeling With GLM: A Modern Approach

Dataiku

Estimating risk is the essential ingredient to determine the price of an insurance policy. The estimated risk of an insurance policy is the minimum price an insurer should quote to be breakeven, therefore evaluating this risk with precision and confidence is the foundation of a robust quoting system.

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How DataRobot Can Help Actuaries Build And Interpret Pricing Models

DataRobot

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. The later introduction of Generalized Linear Models (GLM) significantly expanded the pricing actuary’s toolbox. Claim Count.