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Neural nets arrive. Computer Decisions, January, 58-62. Garavaglia, S. (1996). S. businesses using Sammon’s mapping and self-organizing maps. World Congress on Neural Networks. International Neural Network Society 1996 Annual Meeting, 831-40. Goonatilake, S. and Treleaven, P. (1995). Intelligent Systems for Finance and Business. Chichester: John Wiley and Sons. Graham, I. (1988). Neural network techniques in client authentication. Proceedings of the Conferences Computers in the City, 207-28. Gruca, T.

Clustering is used to classify policy holders into homogeneous risk groups. Within each cluster a neural network is then used to predict retention rates given demographic and policy information, including the premium change from one year to the next. It is shown that the prediction results are significantly improved by further dividing each cluster according to premium change. This work is part of a larger data mining framework proposed to determine optimal premium prices in a data-driven manner.

1995). A neural network for defect classification in industrial inspection. Proceedings of SPIE– The International Society for Optical Engineering, 2423, 236-247. Brockett, P. , Cooper, W. , Golden, L. L. and Xia, X. (1997). A case study in applying neural networks to predicting insolvency for property and Neural Networks for Business: An Introduction 19 casualty insurers. Journal of the Operational Research Society, 48(12), 1153-62. Chande, P. K. and Dighe, S. (1995). Neural network based on-line weld quality control and performance modeling.

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CCIE Practical Studies Labs

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