Machine Learning Application to Insurance Pricing

Lux Actuaries & Consultants is proud to be a lead sponsor for the 2nd Annual Motor Conference on Digital Transformation in Insurance Pricing and Claims Management. Organised by the Emirates Insurance Association, this virtual event will take place on 12 November 2020. At this event, Lux Actuaries & Consultants director, Shivash Bhagaloo will be delivering a short presentation on a Machine Learning Application to Motor Insurance Pricing.

Machine learning has begun to disrupt the insurance sales and marketing spaces but is yet to find a place within standard underwriting practices. This half hour presentation will focus on a machine learning application to Motor Insurance Pricing that has the potential to improve the design and understanding of an optimal rating structure. The outcomes of an application to sample data focusing on predictive power of variables and variable interactions will be discussed, along with practical implications of making this mainstream. Commentary on usage in other parts of the world will also be included.

You can register for the virtual conference here:

We hope to see you there.

See below for conference agenda:

[pdf-embedder url=”” title=”Digital Transformation Conference Agenda”]



02nd Nov 2020, By Ernest Louw