Machine learning in GI reserving

Abstract

Machine learning is widely used in general insurance pricing, where it has been shown that techniques such as GBMs and neural networks outperform the previous benchmark of GLMs. Since it is well known that reserving may be expressed as a GLM problem, this then suggests that machine learning could also be used to deliver superior insights and/or results. Although not yet widely used in reserving, there have been a number of interesting papers over recent years, some of which are discussed here.

Date
Mar 12, 2020 16:40 — 17:10
Location
Staple Inn, London
4 High Holborn, London, Holborn, WC1V 6DR