Machine Learning in Non-Life Pricing

On June 26th 2019, we were happy to welcome in Brussels about 30 senior representatives from various Insurance Companies for a new Reacfin’s Seasonal Breakfast.

The topic of the day was Machine learning: Challenges and opportunities for non-life pricing and underwriting. We among others presented a quick introduction to useful machine learning techniques and some case studies of application of these methods in pricing and underwriting. We also discussed the challenges for companies in interpreting the results of these methods and developing the necessary skills to use them adequately.

This conference-breakfast was hosted by our head of Non-Life, Samuel Mahy, and our CEO, Xavier Maréchal.

Topics covered included:

  • How to create competitive advantages with Machine Learning for insurance companies?
  • How to solve the Machine Learning challenges for companies?
  • Using machine learning in pricing and underwriting: how to start?

Interested readers can download the slides of this presentation here: