Non-Differentiable Loss Function Optimization and Interaction Effect Discovery in Insurance Pricing Using the Genetic Algorithm

Non-Differentiable Loss Function Optimization and Interaction Effect Discovery in Insurance Pricing Using the Genetic Algorithm

Insurance pricing is the process of determining the premiums that policyholders pay in exchange for insurance coverage. In order to estimate premiums, actuaries use statistical based methods, assessing various factors such as the probability of certain events occurring (like accidents or damages), w...

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Bibliographic Details
Main Authors: Robin Van Oirbeek, Félix Vandervorst, Thomas Bury, Gireg Willame, Christopher Grumiau, Tim Verdonck
Format: Article
Language:English
Published: MDPI AG 2024-05-01
Series:Risks
Subjects:
Genetic Algorithm
non-life insurance
variable selection
model explainability
Online Access:https://www.mdpi.com/2227-9091/12/5/79

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https://www.mdpi.com/2227-9091/12/5/79

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