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Artificial Neural Networks Used in Automobile Insurance Underwriting

Artificial Neural Networks Used in Automobile Insurance Underwriting

Fred L. Kitchens
Copyright: © 2005 |Pages: 5
ISBN13: 9781591405535|ISBN10: 159140553X|EISBN13: 9781591407942
DOI: 10.4018/978-1-59140-553-5.ch032
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MLA

Kitchens, Fred L. "Artificial Neural Networks Used in Automobile Insurance Underwriting." Encyclopedia of Information Science and Technology, First Edition, edited by Mehdi Khosrow-Pour, D.B.A., IGI Global, 2005, pp. 168-172. https://doi.org/10.4018/978-1-59140-553-5.ch032

APA

Kitchens, F. L. (2005). Artificial Neural Networks Used in Automobile Insurance Underwriting. In M. Khosrow-Pour, D.B.A. (Ed.), Encyclopedia of Information Science and Technology, First Edition (pp. 168-172). IGI Global. https://doi.org/10.4018/978-1-59140-553-5.ch032

Chicago

Kitchens, Fred L. "Artificial Neural Networks Used in Automobile Insurance Underwriting." In Encyclopedia of Information Science and Technology, First Edition, edited by Mehdi Khosrow-Pour, D.B.A., 168-172. Hershey, PA: IGI Global, 2005. https://doi.org/10.4018/978-1-59140-553-5.ch032

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Abstract

As the heart of the insurance business, the underwriting function has remained mostly unchanged for nearly 400 years when Lloyd’s of London was a place where ship owners would seek out men of wealth. The two would contractually agree to share the financial risk, in the unlucky event that the ship would be lost at sea (Gibb, 1972; Golding & King-Page, 1952).

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