Intelligent and Other Computational Techniques in Insurance

Download or read book Intelligent and Other Computational Techniques in Insurance written by A. F. Shapiro and published by World Scientific. This book was released on 2003 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents recent advances in the theory and implementation of intelligent and other computational techniques in the insurance industry. The paradigms covered encompass artificial neural networks and fuzzy systems, including clustering versions, optimization and resampling methods, algebraic and Bayesian models, decision trees and regression splines. Thus, the focus is not just on intelligent techniques, although these constitute a major component; the book also deals with other current computational paradigms that are likely to impact on the industry. The application areas include asset allocation, asset and liability management, cash-flow analysis, claim costs, classification, fraud detection, insolvency, investments, loss distributions, marketing, pricing and premiums, rate-making, retention, survival analysis, and underwriting.