EagleEye Analytics Blog With machine learning you can model loss ratio directly

We understand the ratemaking process. First, model frequency. Next, model severity. Multiply the two and create pure premium relativities. Smooth out those relativities to minimize rate disruption and adjust for credibility. Model territories separately if they need updates. Repeat for each coverage. Review your rate indications. Complete a market basket analysis. Select base rates and... Read more »The post With machine learning you can model loss ratio directly appeared first on EagleEye Analytics.