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:
JETIR2206A02


Registration ID:
404603

Page Number

k14-k24

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Title

Comparative Analysis Of Stacked Models And Other Machine Learning Algorithms In Estimating Claim Cost For Automobile Insurance

Abstract

Estimation of claim cost for setting the premium is one of key issues in insurance ratemaking. This type of analysis is aided by big data and the use of machine learning models with it improves predictive capability. We created Stacked models to estimate claims cost, and have performed a comparison of its efficacy with various machine learning models. A comparative analysis of performance with Generalized Linear models, Decision tree, Random forest regressor and Gradient Boosting regressor is reported in this paper. We demonstrate that the stacked models indeed perform better than any of the individual models. We also show how our applications scale well when implemented with pyspark on big data.

Key Words

Big data, Vehicle insurance, Machine learning, Regression, Stacked models, Pyspark, Decision tree, Random forest, Gradient boost, Generalized linear models

Cite This Article

"Comparative Analysis Of Stacked Models And Other Machine Learning Algorithms In Estimating Claim Cost For Automobile Insurance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 6, page no.k14-k24, June-2022, Available :http://www.jetir.org/papers/JETIR2206A02.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

"Comparative Analysis Of Stacked Models And Other Machine Learning Algorithms In Estimating Claim Cost For Automobile Insurance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 6, page no. ppk14-k24, June-2022, Available at : http://www.jetir.org/papers/JETIR2206A02.pdf

Publication Details

Published Paper ID: JETIR2206A02
Registration ID: 404603
Published In: Volume 9 | Issue 6 | Year June-2022
DOI (Digital Object Identifier):
Page No: k14-k24
Country: Sri Sathya Sai District, Andhra Pradesh, India .
Area: Science & Technology
ISSN Number: 2349-5162
Publisher: IJ Publication


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