Neural Networks for Automobile Insurance Pricing

Neural Networks for Automobile Insurance Pricing

Ai Cheo Yeo (Monash University, Australia)
DOI: 10.4018/978-1-59140-553-5.ch369
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Abstract

In highly competitive industries, customer retention has received much attention. Customer retention is an important issue, as loyal customers tend to produce greater cash flow and profits, are less sensitive to price, bring along new customers and do not require any acquisition or start-up costs.

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