Data and Modelling


Kaggle Competition – Modelling of claims costs and a deep dive into the winning solution

Earlier this year, the Actuaries Institute, Institute and Faculty of Actuaries and the Singapore Actuarial Society hosted a competition on Kaggle to promote development of data analytics talent, especially amongst actuaries. This article discusses the winning solution for the competition. In particular, how the winner derived features, built and evaluated the model which led to the best performance.