Insurance Premium Dataset

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Insurance Premium Dataset – This Tableau insurance claims that the navigation desktop provides users with a review of five key KPI insurance at the end of the year. KPI cards at the top of the Commission review show show an increase between the years and the value of the previous year. 

The user can also see the five -emergency variability of the average cost for a claim, loss this year by the region and the way each area and its states oppose the user’s goals for the following KPI: days to create, preserve and satisfaction.

Insurance Premium Dataset

Insurance Premium Dataset

The state office shows a similar division of each KPI at the level of state. There is also a key DEM for the chosen situation. You can also see the earth speeds, ranking and percentage for each KPI.

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This dashboard is built with a sample created by Mockaroo. The data package contains data at the state level for each KPI in 2020 and 2019.

This navigation desktop is intended for the regional insurance manager and commission management, which requires a higher year review of key measurements. The navigation desktop allows users to quickly identify areas and states that are not effective (indicated by the orange color) compared to the previous year or do not achieve specific goals.

We hope that this dashboard is useful for identifying the area and ensure that the expectations in the company are met. If you have any questions, you need help or you are interested in permission of the experts of the Tableau team to design a navigation desktop for you, please contact you! This post concerns the analysis I conducted as part of the Kaggle competition. It was a competition that Prudential Life Insurance Company sent to help the organization improve the process of calculating the insurance premium.

In the shopping world with one click with all demand, the process of submitting a life insurance application is. Customers provide extensive information to identify the classification of risk and qualifications, including medical examination schedule, on average 30 days.

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Result? People are turned off. As a result, only 40% of American households have life insurance. Attention wants to make it faster and less work for new and current customers to get a quote while maintaining privacy limits. By developing a predictive model that categorizes the risk with an automatic approach, you can have a significant impact on the public perception of the industry.

The goal is to develop a predictive model that classifies the risk thoroughly using an automatic approach. The risk is a probability that a person will require a life insurance certificate from the company. The level of risk helps to be careful of life insurance in ensuring a detailed valuation of life insurance for each person.

This will help a lot in the industry. The results will help better understand the predictor of data points in the ongoing assessment and make the life insurance process faster and less work.

Insurance Premium Dataset

The “answer” field in the data package depends on the variable. The “answer” variable represents the level of risk in relation to the individual’s ability to demand life insurance in obtaining a life insurance valuation. This helps the insurance company assessing the application and representing the appropriate offer for the Applicant. Several levels of the “answer” variable are: 1, 2, 3, 4, 5, 6, 7, 8, where 8 means the highest level of risk. For example, if the risk of insurance is calculated as “8” for a person, it has the maximum option of applying for company insurance, so 8 points is harmful to the insurance company

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Uses forecasting variables to construct a model that fits the variable value of response 2. Library (XLSX).

To examine the data and develop a good regression model, you need to understand 3 factors:

4 variables turned out to be a lack of values. No value for the “average value” of this column. The average for lines that have no zero value is calculated and updated where the value is lacking.

The size function is a process in which we standardize the value of values for independent variables. In some cases, the range of variability is slightly dispersed, which makes it difficult to understand the connection of independent variables with the variable answer. Fortunately, all paradent variables have already been normalized. That is why we can give up this step together and go to the next step.

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In order to determine whether the variable answer (which is a classic variable) depends on any of the possible category forecasts, the following technology can be used:

Of the 115 categorical variables, only 43 processes were used and they have a value p less than 0.05. Below is a table representing the P value for each variable

To understand the relationship between continuous independent variables and variable answers, we can use boxes. Out of 11 continuous variables, after 2 demonstration of development with a variable answer *bmi *information about employment 6

Insurance Premium Dataset

Below is the box trail for the variable answer and BMI to understand the relationship between. The red line shows the trend between BMI and the answer. Since the study concerns the answer, this variable can be included in the analysis

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Below is the BOX trail for a variable response and information about employment 6 to understand the relationship between. The development between reaction and work information is represented by the red line. Because employment information was different for each collapse, it can be included in the model.

The above screenshot shows the “forecast” of the action. The numbers identified with blue are a risk (which we want to predict). Values that are rings with green represent similarity, File no. 3, for each level of risk. The level for each file is the highest end risk. For example, files no. 3 Most likely at risk level 6, and therefore file number. 3 provided for a level of risk to 6. Clicking, continue participating or logging in, you agree to the user contract, privacy policy and cookie policy.

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