harrynnh / claim_severity

This project aims to develop a machine learning model for predicting the severity of insurance claims. By analyzing various attributes related to insurance policies, vehicle details, and historical claim data, the model can estimate the severity of future claims. (generated by ChatGPT)

Project Title: Insurance Claim Severity Prediction

Description: This project aims to develop a machine learning model for predicting the severity of insurance claims. By analyzing various attributes related to insurance policies, vehicle details, and historical claim data, the model can estimate the severity of future claims. The accurate prediction of claim severity can assist insurance companies in assessing risks, determining appropriate premiums, and making informed business decisions.

Key Features:

• Preprocessed and analyzed a comprehensive dataset containing anonymized insurance policy and claim information.
• Developed and trained a regression model using advanced machine learning techniques to predict claim severity.
• Employed feature engineering and data preprocessing techniques to handle missing values, encode categorical variables, and scale numerical features.
• Performed extensive evaluation and fine-tuning of the model, optimizing it for accurate predictions.
• Successfully submitted the model's predictions to the Kaggle competition for evaluation against other participants.

Technologies Used:

• Python
• Scikit-learn
• Pandas
• NumPy
• Matplotlib

This project serves as a valuable resource for insurance professionals, data scientists, and machine learning enthusiasts interested in exploring the prediction of claim severity within the insurance domain. It provides an example of end-to-end machine learning pipeline, from data preprocessing to model training and evaluation.

Feel free to explore the code, documentation, and results in this repository. Contributions, suggestions, and collaborations are welcome as we continue to improve the model's performance and expand its applications.

(Generated by ChatGPT)