Session

Tell me why: Pricing optimization in insurance explained to a customer

Insurance companies use advanced optimization methods to calculate the best policy price for each customer. While the process is well defined, in most of the cases it is not transparent to the customer that may ask why her price is different from her friend's. And here ML explainability tools can be very helpful, as they allow to quantify the impact of each feature and to explain the suggested price based on the customer's features.

Luba Orlovsky

Principal Researcher in Earnix

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