Machine Learning in Insurance by Nielsen, Jens Perch
Machine Learning in Insurance by Nielsen, Jens Perch

Machine Learning in Insurance

Machine learning is a relatively new field, without a unanimous definition. In many ways, actuaries have been...
$200.20 AUD
$200.20 AUD
SKU: 9783039364473
Product Type: Books
Please hurry! Only 669 left in stock
Author: Jens Perch Nielsen
Format: Hardcover
Language: English
Subtotal: $200.20
Machine Learning in Insurance by Nielsen, Jens Perch

Machine Learning in Insurance

$200.20
Machine Learning in Insurance by Nielsen, Jens Perch

Machine Learning in Insurance

$200.20
Author: Jens Perch Nielsen
Format: Hardcover
Language: English
Description

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.



Author: Jens Perch Nielsen
Publisher: Mdpi AG
Published: 07/16/2020
Pages: 260
Binding Type: Hardcover
Weight: 1.68lbs
Size: 9.61h x 6.69w x 0.88d
ISBN: 9783039364473

This title is not returnable
Shipping & Return

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Review