Live Chat ×
Skip to main content

Ensembles of Trees - Could we Actually File One?

2020 Webinar - Ensembles of Trees - Could we Actually File One? - Nov 5

Creating ensembles of multiple decision trees is a common approach in the wider predictive analytics world. These models can be quick to create and highly accurate, but also tend to be very complex. In insurance, a large portion of modeling effort is put toward more accurate pricing. The question then becomes, can ensemble models be used and filed in insurance pricing?

We'll cover strategies for incorporating these models into a pricing structure, including using these as submodels and analyzing residuals. We'll also discuss problems and solutions around filing these types of models.