SYSTEM AND METHOD FOR MACHINE LEARNING MODELING AND ESTIMATION OF LOSS

SYSTEM AND METHOD FOR MACHINE LEARNING MODELING AND ESTIMATION OF LOSS

Techniques including a system and method for analyzing insurance claims. The techniques may involve the use of a system. The system may include a plurality of machine learning models trained on a plurality of insurance loss claim records, the plurality of machine learning models comprising: at least...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Findlater, Alexander Douglas, Bien, Brian Theodore
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTER SYSTEMS BASED ON SPECIFIC COMPUTATIONAL MODELS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Techniques including a system and method for analyzing insurance claims. The techniques may involve the use of a system. The system may include a plurality of machine learning models trained on a plurality of insurance loss claim records, the plurality of machine learning models comprising: at least one machine learning model trained on open claims records; and at least one machine learning model trained on closed claims records. The system may include a component configured to predict a loss for a subject insurance claim based on outputs of the at least one machine learning model trained on open claims records and the at least one machine learning model trained on closed claims records.