Cost-Sensitive Parallel Learning Framework for Insurance Intelligence Operation

원문 초록

Recent advancements in artificial intelligence are providing the insurance industry with new opportunities to create tailored solutions and services based on newfound knowledge of consumers, and the execution of enhanced operations and business functions. However, insurance data are heterogeneous, and imbalanced class distribution with low frequency and high dimensions, which presents four major challenges to machine learning in real-world business. Traditional machine learning algorithms can typically apply to standard data sets, which are normally homogeneous and balanced. In this paper, we focus on an efficient cost-sensitive parallel learning framework (CPLF) to enhance insurance operations with a deep learning approach that does not require preprocessing. Our approach comprises a novel, unified, end-to-end cost-sensitive parallel neural network that learns real-world heterogeneous data. A specifically designed cost-sensitive matrix then automatically generates a robust model for learning minority classifications, and the parameters of both the cost-sensitive matrix and the hybrid neural network are alternately but jointly optimized during training. We also study the CPLF-based architecture for a real-world insurance intelligence operation system, and demonstrate fraud detection and policy renewal experiments on this system. The results of comparative experiments on real-world insurance data sets reflecting actual business cases demonstrate the effectiveness of our design