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Abstract
We study statistical methods in supervised learning for non-life insurance pricing such as generalized linear models, generalized additive models, Bayesian models, neural networks, classification and regression trees, random forests and gradient boosting machines.
Objective
The student is familiar with classical actuarial pricing methods as well as with modern machine learning methods for insurance pricing and prediction.
Content
We present the following chapters: - generalized linear models (GLMs) - generalized additive models (GAMs) - neural networks - credibility theory - classification and regression trees (CARTs) - bagging, random forests and boosting
Resources
Lecture Notes
The lecture notes are available from:M.V. Wüthrich, C. Buser. Data Analytics for Non-Life Insurance Pricinghttp://ssrn.com/abstract=2870308
Literature
Further literature: M.V. Wüthrich, M. Merz. Statistical Foundations of Actuarial Learning and its Applications, Springer 2023. https://link.springer.com/book/10.1007/978-3-031-12409-9
General Information
- Levels
- MSC
Examination
- Type
- session examination
- Mode
- oral 30 minutes