Umar Isa Abdulkadir^*, Anil Fernando^*

Journal on Artificial Intelligence, Vol.6, pp. 71-83, 2024, DOI:10.32604/jai.2024.045332

Abstract One of the significant issues the insurance industry faces is its ability to predict future claims related to individual policyholders. As risk varies from one policyholder to another, the industry has faced the challenge of using various risk factors to accurately predict the likelihood of claims by policyholders using historical data. Traditional machine-learning models that use neural networks are recognized as exceptional algorithms with predictive capabilities. This study aims to develop a deep learning model using sequential deep regression techniques for insurance claim prediction using historical data obtained from Kaggle with 1339 cases and eight variables. This study adopted a… More >

Jing Deng¹, Xiaofei Xing¹, Guoqiang Deng^2,*, Ning Hu³, Shen Su³, Le Wang³, Md Zakirul Alam Bhuiyan⁴

CMC-Computers, Materials & Continua, Vol.76, No.3, pp. 3783-3795, 2023, DOI:10.32604/cmc.2023.034116

Abstract As one of the major threats to the current DeFi (Decentralized Finance) ecosystem, reentrant attack induces data inconsistency of the victim smart contract, enabling attackers to steal on-chain assets from DeFi projects, which could terribly do harm to the confidence of the blockchain investors. However, protecting DeFi projects from the reentrant attack is very difficult, since generating a call loop within the highly automatic DeFi ecosystem could be very practicable. Existing researchers mainly focus on the detection of the reentrant vulnerabilities in the code testing, and no method could promise the non-existent of reentrant vulnerabilities. In this paper, we introduce… More >

Tao Yin¹, Changgen Peng^2,*, Weijie Tan³, Dequan Xu⁴, Hanlin Tang⁵

CMES-Computer Modeling in Engineering & Sciences, Vol.138, No.1, pp. 827-843, 2024, DOI:10.32604/cmes.2023.029039

Abstract In the assessment of car insurance claims, the claim rate for car insurance presents a highly skewed probability distribution, which is typically modeled using Tweedie distribution. The traditional approach to obtaining the Tweedie regression model involves training on a centralized dataset, when the data is provided by multiple parties, training a privacy-preserving Tweedie regression model without exchanging raw data becomes a challenge. To address this issue, this study introduces a novel vertical federated learning-based Tweedie regression algorithm for multi-party auto insurance rate setting in data silos. The algorithm can keep sensitive data locally and uses privacy-preserving techniques to achieve intersection… More >

Umar Abdulkadir Isa^*, Anil Fernando^*

Journal on Artificial Intelligence, Vol.5, pp. 31-42, 2023, DOI:10.32604/jai.2023.040213

Abstract Traditional machine learning metrics (TMLMs) are quite useful for the current research work precision, recall, accuracy, MSE and RMSE. Not enough for a practitioner to be confident about the performance and dependability of innovative interpretable model 85%–92%. We included in the prediction process, machine learning models (MLMs) with greater than 99% accuracy with a sensitivity of 95%–98% and specifically in the database. We need to explain the model to domain specialists through the MLMs. Human-understandable explanations in addition to ML professionals must establish trust in the prediction of our model. This is achieved by creating a model-independent, locally accurate explanation… More >

Nagaraju Jajam, Nagendra Panini Challa^*

CMC-Computers, Materials & Continua, Vol.75, No.1, pp. 977-997, 2023, DOI:10.32604/cmc.2023.036098

Abstract In the insurance sector, a massive volume of data is being generated on a daily basis due to a vast client base. Decision makers and business analysts emphasized that attaining new customers is costlier than retaining existing ones. The success of retention initiatives is determined not only by the accuracy of forecasting churners but also by the timing of the forecast. Previous works on churn forecast presented models for anticipating churn quarterly or monthly with an emphasis on customers’ static behavior. This paper’s objective is to calculate daily churn based on dynamic variations in client behavior. Training excellent models to… More >

DIEGO HERNANDEZ^1,*, CHIH-YUAN CHENG^1,2, KARLA HERNANDEZ-VILLAFUERTE¹, MICHAEL SCHLANDER^1,2

Oncology Research, Vol.30, No.4, pp. 173-185, 2022, DOI:10.32604/or.2022.027262

Abstract Lung cancer is the most common cancer type worldwide and has the highest and second highest mortality rate for men and women respectively in Germany. Yet, the role of comorbid illnesses in lung cancer patient prognosis is still debated. We analyzed administrative claims data from one of the largest statutory health insurance (SHI) funds in Germany, covering close to 9 million people (11% of the national population); observation period was from 2005 to 2019. Lung cancer patients and their concomitant diseases were identified by ICD-10-GM codes. Comorbidities were classified according to the Charlson Comorbidity Index (CCI). Incidence, comorbidity prevalence and… More >

Nataliya Shakhovska¹, Nataliia Melnykova^1,*, Valentyna Chopiyak², Michal Gregus ml³

CMC-Computers, Materials & Continua, Vol.70, No.2, pp. 3969-3984, 2022, DOI:10.32604/cmc.2022.019882

Abstract The paper reports three new ensembles of supervised learning predictors for managing medical insurance costs. The open dataset is used for data analysis methods development. The usage of artificial intelligence in the management of financial risks will facilitate economic wear time and money and protect patients’ health. Machine learning is associated with many expectations, but its quality is determined by choosing a good algorithm and the proper steps to plan, develop, and implement the model. The paper aims to develop three new ensembles for individual insurance costs prediction to provide high prediction accuracy. Pierson coefficient and Boruta algorithm are used… More >

Abdelaziz Alsubie¹, Mostafa Abdelhamid², Abdul Hadi N. Ahmed², Mohammed Alqawba³, Ahmed Z. Afify^4,*

Intelligent Automation & Soft Computing, Vol.29, No.1, pp. 213-232, 2021, DOI:10.32604/iasc.2021.018111

Abstract In this paper, the estimation of the parameters of extended Marshall-Olkin inverse-Pareto (EMOIP) distribution is studied under complete and censored samples. Five classical methods of estimation are adopted to estimate the parameters of the EMOIP distribution from complete samples. These classical estimators include the percentiles estimators, maximum likelihood estimators, least squares estimators, maximum product spacing estimators, and weighted least-squares estimators. The likelihood estimators of the parameters under type-I and type-II censoring schemes are discussed. Simulation results were conducted, for various parameter combinations and different sample sizes, to compare the performance of the EMOIP estimation methods under complete and censored samples.… More >

Muhammad Arif¹, Dost Muhammad Khan¹, Saima Khan Khosa², Muhammad Aamir¹, Adnan Aslam³, Zubair Ahmad⁴, Wei Gao^5,*

CMC-Computers, Materials & Continua, Vol.66, No.1, pp. 537-550, 2021, DOI:10.32604/cmc.2020.012420

Abstract The actuaries always look for heavy-tailed distributions to model data relevant to business and actuarial risk issues. In this article, we introduce a new class of heavy-tailed distributions useful for modeling data in financial sciences. A specific sub-model form of our suggested family, named as a new extended heavy-tailed Weibull distribution is examined in detail. Some basic characterizations, including quantile function and raw moments have been derived. The estimates of the unknown parameters of the new model are obtained via the maximum likelihood estimation method. To judge the performance of the maximum likelihood estimators, a simulation analysis is performed in… More >

Yen Liang Tung¹, Zubair Ahmad^2,*, G. G. Hamedani³

CMC-Computers, Materials & Continua, Vol.66, No.1, pp. 113-126, 2021, DOI:10.32604/cmc.2020.012780

Abstract Proposing new statistical distributions which are more flexible than the existing distributions have become a recent trend in the practice of distribution theory. Actuaries often search for new and appropriate statistical models to address data related to financial and risk management problems. In the present study, an extension of the Lomax distribution is proposed via using the approach of the weighted T-X family of distributions. The mathematical properties along with the characterization of the new model via truncated moments are derived. The model parameters are estimated via a prominent approach called the maximum likelihood estimation method. A brief Monte Carlo… More >