Insurance analytics | Module 2 : Tree-based methods

M. Denuit, PhD & J. Trufin, PhD

Description

This course has been conceived by actuaries for actuaries, accounting for all the specificities of insurance data instead of simply re-using standard recipes borrowed from other fields.

The training proceed step by step, recalling the fundamental statistical concepts at the heart of tree-based methods. Their relative merits are illustrated by means of several case studies with insurance data.

The sessions aim to be interactive, alternating between methodological parts and case studies performed in front of the audience.

Participants are invited to bring their own PC. Documentation including data sets and R code is made available through a supporting website. The installation of R packages prior to attendance is required.

Program

  1. Introduction to recursive partitioning
  2. Classification and regression trees
  3. Bagging
  4. Random forests
  5. Tree-based boosting

Speakers

Michel Denuit

Michel Denuit

Scientific Advisor, Detralytics
Professor, UCLouvain

Julien

Julien Trufin

Scientific Advisor, Detralytics
Professor, ULB

Date : On-Demand

Duration : 6h

Accreditation : 6CPD | 36PPC

Level : All

Requirements : PC with the installation of R packages

Acquired skills

After completion of the training session, participants will have acquired a general knowledge of insurance analytics. They will be able to select the appropriate approach for their own data, run the R code and interpret the results.

One month after the end of the training, a  follow-up discussion is organized to share experience in implementing the approach that have been presented.

About our Speakers

Michel Denuit

Michel is an Honorary Scientific Advisor at Detralytics, as well as a professor in actuarial science at the Université Catholique de Louvain. He has international experience as a visiting professor, and has promoted many projects in collaboration with the industry. At Detralytics, Michel coaches young talents, provides cutting-edge training, fosters innovation and oversees R&D projects.

Julien Trufin

Julien is a Scientific Advisor at Detralytics, as well as a professor in Actuarial Science at the department of mathematics of the Université Libre de Bruxelles. Julien has experience as a consultant and a strong academic background developed at prominent institutions, including Université Laval (Canada), UCL, and ULB (Belgium). At Detralytics, Julien coaches young talents, provide cutting-edge training, fosters innovation and oversees R&D projects.
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