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An Approach of Adaptive Network Based Fuzzy Inference System to Risk Classification in Life Insurance

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Operations Research Proceedings 2010

Part of the book series: Operations Research Proceedings ((ORP))

Abstract

In this paper, we propose ANFIS based system modeling for classifying risks in life insurance. We differentiate policyholders on the basis of their cardiovascular risk characteristics and estimate risk loading ratio to obtain gross premiums paid by the insured. In this context, an algorithm which expresses the relation between the dependent and independent variables by more than one model is proposed to use. Estimated values are obtained by using this algorithm, based on ANFIS. In order to show the performance evaluation of the proposed method, the results are compared with the results obtained from the Least Square Method (LSM).

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Author information

Authors and Affiliations

  1. Department of Computer Applications Education, Gazi University, Gölbaşı, 06830, Ankara, Turkey

    Furkan Başer (Faculty of Commerce and Tourism Education)

  2. Department of Statistics and Computer Sciences, Karadeniz Technical University, 61080, Trabzon, Turkey

    Türkan E. Dalkiliç (Faculty of Arts and Sciences)

  3. Department of Mathematics, Ahi Evran University, 40200, Kırşehir, Turkey

    Kamile Ş. Kula (Faculty of Arts and Sciences)

  4. Department of Statistics, Ankara University, Tandoğan, 06100, Ankara, Turkey

    Ayşen Apaydin (Faculty of Science)

Authors
  1. Furkan Başer
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  2. Türkan E. Dalkiliç
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  3. Kamile Ş. Kula
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  4. Ayşen Apaydin
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Corresponding author

Correspondence to Furkan Başer .

Editor information

Editors and Affiliations

  1. , Fakultät für Betriebswirtschaft, Universität der Bundeswehr München, Werner-Heisenberg-Weg 39, Neubiberg, 85577, Bayern, Germany

    Bo Hu

  2. , Fakultät für Wirtschafts- und Organisati, Universität der Bundeswehr München, Werner-Heisenberg-Weg 39, Neubiberg, 85577, Bayern, Germany

    Karl Morasch

  3. Fakultät für Informatik, Universität der Bundeswehr München, Werner-Heisenberg-Weg 39, Neubiberg, 85577, Germany

    Stefan Pickl

  4. , Fakultät für Informatik, Universität der Bundeswehr München, Werner-Heisenberg-Weg 39, Neubiberg, 85577, Bayern, Germany

    Markus Siegle

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Başer, F., Dalkiliç, T.E., Kula, K.Ş., Apaydin, A. (2011). An Approach of Adaptive Network Based Fuzzy Inference System to Risk Classification in Life Insurance. In: Hu, B., Morasch, K., Pickl, S., Siegle, M. (eds) Operations Research Proceedings 2010. Operations Research Proceedings. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-20009-0_5

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