Mora / Datasets / "insurance claims" / litvinenko630/insurance-claims

Insurance Claims DatasetFree and public

Develop a model for insurance claim likelihood, addressing class imbalance.. Introduction: In the insurance industry, accurately predicting the likelihood of claims is essential for risk assessment and policy pricing. However, insurance claims datasets frequently suffer from class imbalance, where the number of non-claims instances far exceeds that of actual claims. This class imbalance poses challenges for predictive modeling, often leading to biased models favoring the majority class, resulting in subpar performance for the minority class, which is typically of greater interest.