The accuracy of our model using testing dataset is 79.7% in which it's sensitivity was 81.74% and specificity 47.48%. So if you want to learn how we can . Having said that, I have developed analysis that compares overall costs for all eighteen models for classification cutoff values ranging from 0 to 1. 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). Machine Learning, October 2004, vol. 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. Further information on the individual variables can be obtained at http://www.liacs.nl/~putten/library/cc2000/data.html. The "insurance protection gap" totalled $84bn in uninsured losses (compared to $56bn) in 2019 according to Swiss Re so there is a lot of untapped potential. You signed in with another tab or window. For my first part of the analysis, the initial data visualizations indicate that the buyers of caravan mobile home insurance policies also tend to buy car policies and fire policies. Therefore, models constructed using this data set may not be the best predictor for positive cases. Recapping from the previous two posts, this post will utilise machine learning algorithms to predict customers who are mostly likely to purchase caravan policy based on 85 historic socio-demographic and product-ownership data attributes. Besides the basics, you can opt for policy add-ons like personal possessions cover and camping equipment cover to upgrade your policy. The Caravan Insurance Challenge was posted on Kaggle with the aim in helping the marketing team of the insurance company to develop a more effective marketing strategy. A caravan insurance policy could cover you for the following: The reason there is a gap, though, is. Recitation of Public and Private Sector General Insurance Industry in Structu Vivekanandha College of arts and Science for Women (Autonomous). If nothing happens, download GitHub Desktop and try again. 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. You can load the Caravandata set in R by issuing the following command at the console data("Caravan"). North Penn Networks Limited Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. All datasets are in tab delimited format. Free access to premium services like Tuneln, Mubi and more. A tag already exists with the provided branch name. Now customize the name of a clipboard to store your clips. A simple alarm, for example, can save you 5% off your premium. The . The Caravandata set is found in the ISLRR package. - Middle and Upper Class, middle aged and senior citizens, high risk cultured liberal investors (8, 9, 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 The Insurance Company (TIC) Benchmark Description The data contains 5822 real customer records. What is Healthcare Insurance Data Healthcare Insurance Dataset Insurance Database - MedicoReach used for? Follow to join The Startups +8 million monthly readers & +768K followers. MAPPING TARGET VARIABLES AS PREDICTORS OF CARAVAN INSURANCE BUYERS: These predictions have been made with descriptive statistics results of the data set along with the real world logical themes (Appendix-1) FACTOR 1: AGE Middle aged people are more likely to get caravan insurance FACTOR 2: ATTITUDE TOWARDS SPENDING/ BUYING People with a liberal The insurance company dataset (TIC), which we mine in this paper, was used in the COIL 2000 challenge. insurance policy. 164-167). Firstly, the Health Cost Insurance dataset is extracted from UCI machine repository and the data is preprocessed along with exploratory data analysis. sign in We classify the broad range of 86 Data Analytics | Artificial Intelligence | Data Visualization | Perspective | https://www.linkedin.com/in/tankahwang/. Published by Sentient Machine Research, Amsterdam. The performance measures of these models on over sampled data can be found in the jupyter notebook. As per the current situation the company has to approach all 4000 customers with the policy. - Distributed age and social class, low risk cultured conservative investors Specialist caravan insurance can also come . Since, this dataset was used for the purposes of a challenge, I obtained the data in the form of training data and test data, which is why, there was no need to split the data for my analysis. If nothing happens, download Xcode and try again. The Code Project Open License (CPOL) is intended to provide developers who choose to share their code with a license that protects them and provides users of their code with a clear statement regarding how the code can be used. Machine Learning. product usage data and socio-demographic data derived from zip area codes supplied by the Dutch Tracking devices offer a huge discount up to 20% from some insurers as they provide an unbeatable deterrent for potential thieves as well as being extremely effective at returning your caravan to you swiftly if it does get stolen. It appears that you have an ad-blocker running. that is required to extend Caravan to any new location for free in the cloud. 2000: The Insurance Company Case. Analytics Vidhya is a community of Analytics and Data Science professionals. 2.1. Customer sub type MOSTYPE variable has 41 value types which can be categorised under two broad We've updated our privacy policy. This is a useful insight for cross-selling the caravan policy to the existing customers of car policies and fire policies. If youre looking to reduce the cost of your caravan insurance year after year, the easiest way to do this is to fit extra security to your caravan. This analysis can be observed in the uploaded notebook. Anti-snaking devices are now becoming more common as standard on new caravans, but they can also be retro-fitted to older vans too. Additionally, Caravan provides code to derive meteorological forcing data and catchment attributes in the cloud, making it easy for anyone to extend Caravan to new catchments. Muthu Kumaar Thangavelu (G1101765E) October 26, 2021. KDD. [View Context]. The first 43 attributes are demographic and social data, whereas, the remaining 43 variables are insurance product usage related data which indicate customers of the companys existing policies such as fire, boat, life, etc. Users analyze, extract, customize and publish statistics. After months of planning, the caravan of immigrants began their journey from Central America to the U.S. border in October 2018. There are 2,000 questions and 3,354 answers in the validation set. Tap here to review the details. Each record consists of 86 variables, containing sociodemographic data (variables 1-43) and product ownership (variables 44-86). understanding of the insurance product and the product buyers. Looks like youve clipped this slide to already. The goal of the challenge was to predict customers who are interested in a caravan insurance policy. Secondly, the anova test is applied to verify the features with Probability of F-Statistic PR(>F) < 0.05 that highly influence the Target. Using this analysis, I suggest situation based models to apply based on their costs and different go to market strategies. Follow this guide for more information on how to share your data with the community. North Wales PA 19454 Out of a total of 238 actual mobile home policy customers, our model . initial claims claims insurance unemployment economic development. June 22, 2000. The Code Project Open License (CPOL) 1.02. Caravan insurance data mining statistical analysis, Product Planning Manager, Oncology & Hospital Specialty Care Marketing at MSD. Learn more. We've encountered a problem, please try again. infected with a virus or malware. There are a lot of factors that determine the premium of health insurance. 2002. We combined the training and test dataset for my initial data exploration and visualization, however, for fitting my models, I used the given training data and evaluated the performance measures on the given test data. to use Codespaces. They give information on the distribution of that variable, e.g. The UCI KDD Archive of Large Data Sets for Data Mining Research and Experimentation. A test set contains 4000 customers of whom only the organisers know if they have a caravan insurance policy. The vision of Caravan is to provide the foundation for a truly global open source community resource that will grow over time. All customers living in areas with the same zip code have the same sociodemographic attributes. INTRODUCTION: A tag already exists with the provided branch name. There was a problem preparing your codespace, please try again. The training set contains over 5000 descriptions of customers, including the information of whether they have a caravan insurance policy. Additional security and safe storage are great for when your caravan is not is use but what about when youre towing your caravan? Download: Data Folder, Data Set Description, Abstract: This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. The CPOL is our gift to the community. There are 12,889 questions and 21,325 answers in the training set. While searching for this topic online, you will find there are three aspects. Transforming classifier scores into accurate multiclass probability estimates. Please June 22, 2000. Microsoft's T. 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. Energy and Digital products are not regulated by the FCA. There are two go to marketing strategies that COIL can use. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. 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. Statistical Analysis of Caravan Insurance using IBM SPSS The data was originally supplied by Sentient Machine Research and was used in the CoIL Challenge 2000. Caravan is an open community dataset of meteorological forcing data, catchment attributes, and discharge data for catchments around the world. Static insurance covers permanent caravans that may be used as a residence. TICDATA2000.txt: Dataset to train and validate prediction models and build a description (5822 customer records). The data contained a range of information on customers, which included income, age range, vehicle ownership, number of policies held, and level of contributions (premiums) paid as well as more qualitative information on lifestyle and type of households. Following Amelia, let's look at the ISLR Caravan example (pp. If its not possible to store your caravan at home, consider a secure storage site one thats got high fencing around the perimeter, access control and CCTV. Attribute 86, "CARAVAN:Number of mobile home policies", is the target variable. 1-2, pp. Now, I have calculated the profits associated with each of my models for classification cutoff values ranging from 0 to 1. Caravan includes meteorological forcing data . 2000. 1. Postprocess the Earth Engine outputs locally and to combine it with streamflow, as well as to compute some additional climate indices. 2023 Caravan Insurance Guide is a trading name of Caravan Guard Limited (registered in England number 4036555 at New Road, Halifax, West Yorkshire, HX1 2JZ). Safety After under sampling the number of non-success class observations in the training dataset, I re-ran my six classification models and noticed an overall improvement in the performance measures associated with correctly identifying the success class observations. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. Participants are supposed to return the list of predicted targets only. For my later part of the analysis, I used the aforementioned classification models to devise an optimal go to market strategy depending on. Data Mining of Caravan Insurance Data Set Using R. Use Git or checkout with SVN using the web URL. Average age MGEMLEEF holds 6 types of values which can be categorised into three groups and are 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. It is further divided into a training set (5822 observations) and a test set (4000 observations). If nothing happens, download Xcode and try again. Australian Caravan Insurance is a specialist provider of comprehensive insurance cover for caravans, campervans, trailers, horse floats and more. same zip code have the same sociodemographic attributes. P. van der Putten and M. van Someren. Machine Learning, October 2004, vol. Caravan Insurance Challenge Data Card Code (40) Discussion (2) About Dataset This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. K6255 Knowledge Discovery and Data Mining Published by Sentient Machine Research, Amsterdam. I don't have enough time write it by myself. Caravan is an open community dataset of meteorological forcing data, catchment attributes, and discharge data for catchments around the world. 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CoIL Challenge 2000: The Insurance Company Case. http://www.liacs.nl/~putten/library/cc2000/ - Middle aged family men (2, 3, and 4) Also a Leiden Institute of Advanced Computer If they approach all the customers they have to divide the marketing budget between of them, effectively reducing the discounts they can offer to individual customers leading to lower conversion rate. Our Products. Test your data mining algorithm to predict who will buy caravan insurance policy The Insurance Company (TIC) Benchmark Data Card Code (6) Discussion (0) About Dataset This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. After under sampling, I used the technique of oversampling the number of success class observations in this training dataset and refitted my six classification models. Caravan insurance is designed to protect your caravan against damage and theft. It has the same format as TICDATA2000.txt, only the target is missing. Since, it is critical for my analysis to correctly classify success class observations, the most important performance measures to consider is sensitivity and PPV. All customers living in areas with the Source A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. Please Toggle navigation. The data was originally supplied by Sentient Machine Research The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. Thirdly, the raw dataset and the feature scaled dataset . Work fast with our official CLI. The second is where the company markets to a wider consumer base with a lower penetration pricing relying to law of large numbers. See http://www.liacs.nl/~putten/library/cc2000/ You can download a CSV (comma separated values) version of the Caravan R data set. One instance per line with tab delimited fields. consists of 86 variables, containing sociodemographic data (variables Here is how you do it. Published by Sentient Machine Research, Amsterdam. If you need to download R, you can go to the R project website. The performance measures (sensitivity, specificity, recall, precision, accuracy and ROC curves) associated with all six models fitted on the unbalanced training data and predicted on unbalanced test data is provided in the jupyter notebook. You can load the Caravan data set in R by issuing the following command at the console data("Caravan"). P. van der Putten and M. van Someren. We all want to keep costs low, especially in todays economic climate, and it might be tempting to let your caravan insurance lapse. Married observations. The training set contains over 5000 descriptions of customers, including the information of whether or not they have a caravan insurance policy. Examples, The data contains 5822 real customer records. [Web Link]. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not The caravan of migrants hoping to gain entry into the United States has been the subject of much controversy in recent days. Muthu1@e.ntu.edu.sg Boat Rental Cleveland Flats : Cleveland Flats Then Now Is It Finally Smooth Sailing On The East Bank Collision Bend Brewing Company - / search boat rentals in cleveland, ohio. The central idea behind their target marketing being that the penetration price pricing directly influences the conversion rate. I attempt to answer this question by my fast part of the analysis. P. van der Putten and M. van Someren (eds) . Dataset contains monthly counts, from 1971 to present, of initial claims for regular unemployment insurance benefits. Remember, caravan insurance covers you for more than just the caravan itself. We are building the next-gen data science ecosystem https://www.analyticsvidhya.com, Data Analytics | Artificial Intelligence | Data Visualization | Perspective | https://www.linkedin.com/in/tankahwang/. CaSSOA is a scheme that grades storage sites as Gold, Silver and Bronze quality so look out for gold sites to give the best insurance discounts. - Senior, family men (5, 6). This will load the data into a variable called Caravan. In most cases, you'll find your caravan make within the drop down menu when you get a touring caravan quote, but if isn't there then give us a quick call on 01242 538 431 and we can confirm whether we can provide cover. Leisuredays is a specialist insurance provider offering static caravan, lodge, chalet, park home and holiday home insurance. (1,6,7,10,11,14,16,17,18,19,20,21,22,24,26,28,29,30,31,32,33,34,35,37,38,39,40,41) Therefore, the high accuracy of these models is of limited use as they do not help in classifying success class observations correctly, which is my main objective. Note: All the variables starting with M are zipcode variables. This visualization can be observed in the notebook and I see that my model logistic regression on the unbalanced dataset turns out to be the most profitable model out of the all 18 models at an optimal cutoff value. CUST_LEVEL_LIFECYCLE: Most organisations employ customer relationship management systems to provide a strategic advantage over their competitors. Note that the confidence of this rule is 1, however, given the unbalanced nature of this dataset, the best support I could obtain was around 0.0012. According to Public Law 113-235 Dec. 16, 2014, the Census Bureau was to "collect data for the Annual Social and Economic Supplement to the .