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Cryptopolitan 2023-09-07 11:32:51

Unlocking the Power of Automated Machine Learning in Insurance Loss Development

In the world of insurance, claims are the lifeblood of the industry. Accurately predicting how losses will evolve over time is crucial, as it directly influences reserving, risk selection, underwriting, pricing, and claims management. Traditionally, actuaries have estimated reserve requirements using portfolio-level calculations, relying on methods like Chain-Ladder and Bornhuetter-Ferguson triangulation. These approaches provide an ... Read more

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