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Extended risk classification in insurance industry

✍ Scribed by M. B. Moghadam

Book ID
118809095
Publisher
Springer Netherlands
Year
2011
Tongue
English
Weight
181 KB
Volume
47
Category
Article
ISSN
0033-5177

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## 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