Why to Buy Insurance? An Explainable Artificial Intelligence Approach

We propose an Explainable AI model that can be employed in order to explain why a customer buys or abandons a non-life insurance coverage. The method consists in applying similarity clustering to the Shapley values that were obtained from a highly accurate XGBoost predictive classification algorithm...

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Bibliographic Details
Main Authors: Alex Gramegna, Paolo Giudici
Format: Article
Language:English
Published: MDPI AG 2020-12-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/8/4/137