UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 9 Issue 6
June-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2206A01


Registration ID:
404602

Page Number

k1-k13

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Title

ESTIMATION OF NUMBER OF CLAIMS IN MOTOR INSURANCE USING GENERALISED LINEAR MODELS and ARTIFICIAL NEURAL NETWORKS.

Abstract

The profitability and competitiveness of the motor insurance business are directly dependent on accurately estimating the claim count. Statistically, it can be seen as a Regression problem. Claim count is a discrete random variable that allows only discrete positive values which is count data. Negative Binomial (NB2), Poisson, Quasi-Poisson, and Artificial Neural Network Models are used for Regression analysis on discrete data. For this work crash analysis system (CAS) dataset is used. The performance of the models is measured using various Error metrics. It is found that the Negative Binomial regression model performs better than the other models with a mean square error of 0.09 and a root mean square error of 0.30.

Key Words

Generalized Linear models, claim counts, Neural Networks, Crash Analysis System,

Cite This Article

"ESTIMATION OF NUMBER OF CLAIMS IN MOTOR INSURANCE USING GENERALISED LINEAR MODELS and ARTIFICIAL NEURAL NETWORKS.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 6, page no.k1-k13, June-2022, Available :http://www.jetir.org/papers/JETIR2206A01.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"ESTIMATION OF NUMBER OF CLAIMS IN MOTOR INSURANCE USING GENERALISED LINEAR MODELS and ARTIFICIAL NEURAL NETWORKS.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 6, page no. ppk1-k13, June-2022, Available at : http://www.jetir.org/papers/JETIR2206A01.pdf

Publication Details

Published Paper ID: JETIR2206A01
Registration ID: 404602
Published In: Volume 9 | Issue 6 | Year June-2022
DOI (Digital Object Identifier):
Page No: k1-k13
Country: Sri Sathya Sai District, Andhra Pradesh, India .
Area: Science & Technology
ISSN Number: 2349-5162
Publisher: IJ Publication


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