Caravan insurance is designed to protect your caravan against damage and theft. 177-195, Kluwer Academic Publishers Health Insurance is a type of insurance that covers medical expenses. I attempt to answer this question by my fast part of the analysis. Machine Learning, October 2004, vol. sign in Stay claim free. Muthu Kumaar Thangavelu (G1101765E) 177-195, Kluwer Academic Publishers The six classification models built on the unbalanced data tend to give a very high accuracy due to classifying almost all non-success class observations correct (which is the majority 95%), however, the unbalanced nature of this dataset does not allow any of these models to learn the characteristics of the success class observations. Please Now, I calculated the highest profit for each of my 18 models depending on the optimal cutoff for that mode. P. van der Putten and M. van Someren. The dataset we used consists of 9,822 customer records and includes sociodemographic data of the area where a customer lives and product ownership data of the customer. Click here to review the details. The central idea behind their target marketing being that the penetration price pricing directly influences the conversion rate. Out of the 86 attributes, two are categorical, 83 are numerical and one is the class/target variable (Caravan Insurance Purchased). You can download a CSV (comma separated values) version of the Caravan R data set. CoIL Challenge 2000: The Insurance Company Case. The UCI KDD Archive of Large Data Sets for Data Mining Research and Experimentation. 57, iss. Further information on the individual variables can The reason there is a gap, though, is. 95. Lay-up cover. A completed project by the Insurance Risk and Finance Research Centre (www.IRFRC.com) hasassembled a unique dataset from Large Commercial Risk losses in Asia-Pacific (APAC) coveringthe period 2000-2013. 2. Attribute 86, "CARAVAN:Number of mobile home policies", is the target variable. The variable of interest in this dataset is Number_of_mobile_home_policies, which indicates the observations that have bought caravan insurance. Here is how you do it. CoIL Challenge 2000: The Insurance Company Case. Question: Consider the insurance company case. A Simple Method For Estimating Conditional Probabilities For SVMs. It is further divided into a training set (5822 observations) and a test set (4000 observations). 0330 094 5256. Research, Amsterdam. P. van der Putten and M. van Someren (eds) . Usage The dataset "Caravan.csv"contains 5822 obser- vations on 86 variables. Questions or concerns about copyrights can be addressed using the contact form. TICEVAL2000.txt: Dataset for predictions (4000 customer records). A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. existing customers and caravan mobile home insurance buyers and some corresponding general characteristics. If youve had previous experience towing a caravan or trailer tent, your insurance company may offer an introductory bonus discount off your premium when you take out cover. So if you want to learn how we can . To get an understanding of the features and data types associated with these features, I have included summary of the dataset and sample of the dataset in my Jupyter notebook document. [View Context].Stefan R uping. A simple alarm, for example, can save you 5% off your premium. 1-43) and product ownership (variables 44-86). 2.1.1. If R says the Caravan data set is not found, you can try installing the package by issuing this command install.packages("ISLR") and then attempt to reload the data. - Middle and Upper Class, middle aged and senior citizens, high risk cultured liberal investors (8, 9, The last column (Purchase) indicates whether the customer purchased a caravan insurance policy. interested in buying caravan insurance and predict a model with the given 86 variable values So, for example, if your air conditioning motor breaks down, the insurance covers repair costs. For taking advantage of different classification algorithms and improving performance measures of my classification, I used multiple classification algorithms including Logistic Regression, K-NN classification and Nave Bayes Classification. The . The training set contains over 5000 descriptions of customers, including the information of whether or not they have a caravan insurance policy. Insurance datasets - risk assessment & location data for accurate pricing Data Guide Insurance Data Guide > industry > Insurance Back Insurance Write profitable business with the most accurate location data for insurance Detect risk that others miss Pinpoint pockets of opportunity and better understand risk Provide accurate and competitive pricing Updated 3 years ago. You can load the Caravandata set in R by issuing the following command at the console data("Caravan"). Our Products. Compute time series of spatially-averaged meteorological forcings on Google Earth Engine. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. Activate your 30 day free trialto continue reading. 1-2, pp. On this R-data statistics page, you will find information about the Caravandata set which pertains to The Insurance Company (TIC) Benchmark. A tag already exists with the provided branch name. Caravan: The Insurance Company (TIC) Benchmark In ISLR: Data for an Introduction to Statistical Learning with Applications in R DescriptionUsageFormatSourceReferencesExamples Description The data contains 5822 real customer records. Once insured you will be able to build your caravanning no claims bonus and thus discount this could get you up to 20% off a quote for three years claim free caravanning. Data Analytics | Artificial Intelligence | Data Visualization | Perspective | https://www.linkedin.com/in/tankahwang/. Its static caravan cover includes public liability up to 5 million; fire, theft, storm and flood damage; accidental damage; fixtures and fittings; and keys and locks up to 500. Fig 3: Derived Variables 3.8 Balancing the training data It has been noticed that the training dataset is not highly representative of positive cases i.e.CARAVAN=1. The sociodemographic The datasets below may include statistics, graphs, maps, microdata, printed reports, and results in other forms. Caravan Insurance Dataset Description - Coachman 565 Touring Caravan in Stirlingshire (#106144 ) - Caravan insurance data mining assignmentk6225 knowledge discovery and data mining by, sesagiri raamkumar aravind(g1101761f) thangavelu muthu kumaar(g1101765e) page 1 of 11.. Lv= caravan insurance could offer you a 10% discount if you're an . Format CUST_SUB_LIFESTYLE_REFLECTION: This is something that should be kept in mind and taken care of when using this rule. This indicates that the observations with number of boat policies = 1 tend to occur together with the variable of interest Number of mobile home policies. Free access to premium services like Tuneln, Mubi and more. Due to large number of features, it is infeasible to show the data dictionary or a data sample in this document, however, the data dictionary can be obtained from - http://kdd.ics.uci.edu/databases/tic/dictionary.txt and the complete dataset can be obtained from - http://kdd.ics.uci.edu/databases/tic/tic.html. You are allowed to use this dataset and accompanying information for non commercial research and education purposes only. You signed in with another tab or window. Australian Caravan Insurance is a specialist provider of comprehensive insurance cover for caravans, campervans, trailers, horse floats and more. The Code Project Open License (CPOL) 1.02. Analytics Vidhya is a community of Analytics and Data Science professionals. As per the current situation the company has to approach all 4000 customers with the policy. The value of your caravan: The replacement or repair cost . It insures you against things like bad weather, accidental damage, theft and vandalism. We all know that making a claim on our insurance can result in our premium going up at renewal . Moreover, the unbalanced nature of this dataset required us to use sampling techniques to capture the characteristics of the success class (only 5.9% of the observations). The variable of interest in this dataset is Number_of_mobile_home_policies, which indicates the observations that have bought caravan insurance. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. How To Reimage Your Computer Windows 10 - How to check the Windows 10 Creators Update is installed - How to reimage a mac computer. data is derived from zip codes. Customer sub type MOSTYPE variable has 41 value types which can be categorised under two broad The second is where the company markets to a wider consumer base with a lower penetration pricing relying to law of large numbers. Bianca Zadrozny and Charles Elkan. Now, I have calculated the profits associated with each of my models for classification cutoff values ranging from 0 to 1. Do not sell or share my personal information, 1. [Web Link]. A data frame with 5822 observations on 86 variables. TICDATA2000.txt: Dataset to train and validate prediction models and build a description (5822 customer records). Joining a caravanning club is not just a social thing! 4.6.6: An Application to Caravan Insurance Data Let's see how the KNN approach performs on the Caravan data set, which is part of the ISLR package. See Caravan Guard Limited is authorised and regulated by the Financial Conduct Authority (FCA). [View Context].Stephen D. Bay and Dennis F. Kibler and Michael J. Pazzani and Padhraic Smyth. A test dataset contains another 4000 customers whose information will be used to test the effectiveness of the machine learning models. Epgp09 10 - term v - prm - group ii - pricing in-insurance_industry - project Profiling banking customers - Insurance and Pension Products, Caravan insurance data mining prediction models, Nano Based Polymers and Applications in Drug Delivery, 2017 Top Issues - Changing Business Models - January 2017. for anyone to share extensions of Caravan to new regions. Devices such as the AL-KO ATC or BPW IDC offer extra stability when towing and breaking, meaning youre less likely to experience snaking which can lead to a catastrophic and costly accident. For my first part of the analysis, I used Data Visualization and Association Rules to understand the characteristics of caravan mobile home insurance buyers. Algorithmic Risk Prediction for Life Insurance Applications through supervised learning algorithms By Bharat , Dylan , Leonie and Mingdao (Jack) In this two-part series, we will describe our experience of working on the Prudential Life Insurance Dataset to predict the risk of life insurance applications using supervised learning algorithms. Business purposes are excluded. Published by Sentient Machine Research, Amsterdam. Thirdly, the raw dataset and the feature scaled dataset . All datasets are in tab delimited format. Cross-selling is one of the most successful techniques of marketing in the modern days where a company aims at selling additional products/services among existing customers. Additionally, every data that is contributed contains a separate license/info file, attributing your contribution to this project and explaining the source of license specification of this addition. Club Care's Caravan Insurance covers your contents and equipment too plus personal injury, public liability, loss of use and accidental damage, theft and fire - so it's well worth the investment.