Clustering technique for risk classifica
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Ai Cheo Yeo; Kate A. Smith; Robert J. Willis; Malcolm Brooks
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Article
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2001
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John Wiley and Sons
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English
โ 196 KB
## Abstract This paper considers the problem of predicting claim costs in the automobile insurance industry. The first stage involves classifying policy holders according to their perceived risk, followed by modelling the claim costs within each risk group. Two methods are compared for the risk cla