logo
Media

Premium Control with Reinforcement Learning


Premium Control with Reinforcement Learning

The IAA Sections
6 subscribers

uploaded September 01, 2023

600

0

2

Speakers:Lina Palmborg

Description:

In this talk we will discuss how to design efficient algorithms in search of optimal premium rules in realistic insurance settings requiring reinforcement learning combined with function approximation. We will illustrate the appropriateness of the approximate optimal premium rule compared with the true optimal premium rule in a simplified setting and further demonstrate that the approximate optimal premium rule outperforms benchmark rules in more realistic insurance settings where classical approaches fail. 

Tags:non-lifealgorithmpremiumreinforcement learninggeneral insurance

Categories:ASTIN / NON-LIFE