Science Technical Report 2000-09. INTRODUCTION: The Caravan dataset (and the corresponding manuscript) are currently under revisions. Additionally, my results from association rules gives the best rule to be {Avg_age=3, Social_class_B2=3, Number_of_boat_policies=1} -> {Number_of_mobile_home_policies=1}. The Caravan Insurance Challenge was posted on Kaggle with the aim in helping the marketing team of the insurance company to develop a more effective marketing strategy. The cost of a tracking device may seem too high if your caravan is several years old, but adding additional security is still beneficial. CoIL Challenge 2000: The Insurance Company Case. "-//W3C//DTD HTML 4.01 Transitional//EN\">, Insurance Company Benchmark (COIL 2000) Data Set All Rights Reserved, , http://www.liacs.nl/~putten/library/cc2000/data.html, http://www.liacs.nl/~putten/library/cc2000/, OpenIntro Statistics Dataset - winery_cars. A person who has taken a health insurance policy gets health insurance cover by paying a particular premium amount. These results along with other performance measures and ROC curves for my classification models on the under sampled data can be found in the jupyter notebook. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to find out more. Considering the nature of decisions made on this data, I can maximize profit by recommending one of the two market strategies. The training set contains over 5000 descriptions of customers, including the information of whether or not they have a caravan insurance policy. Storage cross-sellingCaravanInsuranceUsingDataMining, http://kdd.ics.uci.edu/databases/tic/dictionary.txt, http://kdd.ics.uci.edu/databases/tic/tic.html. 1. The data dictionary ([Web Link]) describes the variables used and their values. The variable of interest in this dataset is Number_of_mobile_home_policies, which indicates the observations that have bought caravan insurance. Caravan Insurance Dataset Description - Coachman 565 Touring Caravan in Stirlingshire (#106144 ) - Caravan insurance data mining assignmentk6225 knowledge discovery and data mining by, sesagiri raamkumar aravind(g1101761f) thangavelu muthu kumaar(g1101765e) page 1 of 11.. Lv= caravan insurance could offer you a 10% discount if you're an . Activate your 30 day free trialto continue reading. The dataset we used consists of 9,822 customer records and includes sociodemographic data of the area where a customer lives and product ownership data of the customer. If you can store your caravan at home, make sure its behind locked gates or a drivepost that prevent thieves from towing the caravan away. It has the same format as TICDATA2000.txt, only the target is missing. A discount on your premium will be applied when you advise us that you won't be using your vehicle during specific months. sign in Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. Bianca Zadrozny and Charles Elkan. This type of policy is more similar to a homeowner's policy. A completed project by the Insurance Risk and Finance Research Centre (www.IRFRC.com) hasassembled a unique dataset from Large Commercial Risk losses in Asia-Pacific (APAC) coveringthe period 2000-2013. The results from these allowed us to state the relationship between We all want to keep costs low, especially in todays economic climate, and it might be tempting to let your caravan insurance lapse. Free access to premium services like Tuneln, Mubi and more. As per the current situation the company has to approach all 4000 customers with the policy. Safety The data was originally supplied by Sentient Machine Research Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. For taking advantage of different classification algorithms and improving performance measures of my classification, I used multiple classification algorithms including Logistic Regression, K-NN classification and Nave Bayes Classification. All customers living in areas with the June 22, 2000. To achieve reliable data results, start by balancing data correctly based on a specific business objective before training a predictive model. If nothing happens, download GitHub Desktop and try again. TICDATA2000.txt: Dataset to train and validate prediction models and build a description (5822 customer records). The marketing department of the company knew that taking advantage of the existing customer base would improve their new insurances sale, however, the biggest question is whom to target, among the companys thousands of customers. This dataset is not set up as individual customer observations and each row represents a group of customers i.e., a large sample size. The second is where the company markets to a wider consumer base with a lower penetration pricing relying to law of large numbers. Besides the basics, you can opt for policy add-ons like personal possessions cover and camping equipment cover to upgrade your policy. Download: Data Folder, Data Set Description, Abstract: This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. Health Insurance is a type of insurance that covers medical expenses. 2. variables to significant predictors as below 12, 13, 23, 25, 36, 2, 3, 4, 5, 15, and 27) Caravan is an open community dataset of meteorological forcing data, catchment attributes, and discharge data for catchments around the world. For my later part of the analysis, I used the aforementioned classification models to devise an optimal go to market strategy depending on. The dataset used is from the CoIL Challenge 2000 datamining competition. Since, it is critical for my analysis to correctly classify success class observations, the most important performance measures to consider is sensitivity and PPV. If you need to download R, you can go to the R project website. The sociodemographic The sociodemographic data is derived from zip codes. We combined the training and test dataset for my initial data exploration and visualization, however, for fitting my models, I used the given training data and evaluated the performance measures on the given test data. Machine Learning, October 2004, vol. Caravan includes meteorological forcing data . Work fast with our official CLI. Attribute 86, "CARAVAN:Number of mobile home policies", is the target variable. It has the same format as TICDATA2000.txt, only the target is missing. Our aim is to predict a customer circle who will be A simple alarm, for example, can save you 5% off your premium. We all know that making a claim on our insurance can result in our premium going up at renewal . Out of a total of 238 actual mobile home policy customers, our model . TICTGTS2000.txt Targets for the evaluation set. One aspect of this is applying a customer lifetime value to each client. [View Context]. Australian Caravan Insurance is a trading brand of . 2000. Exploratory Data Analysis (EDA) solution to Kaggle caravan insurance challenge on R | by Kieran Tan Kah Wang | Analytics Vidhya | Medium Write Sign up Sign In 500 Apologies, but something. A test set contains 4000 customers of whom only the organisers know if they have a caravan insurance policy. Examples, The data contains 5822 real customer records. Security Toggle navigation. Estimates on this page are derived from the Household Pulse Survey and show the percentage of adults aged 18-64 years who were uninsured at the time of the interview or had public or private . Click here to review the details. Question: Consider the insurance company case. caravan <- as_tibble(ISLR::Caravan) %>% print() Australian Caravan Insurance is a specialist provider of comprehensive insurance cover for caravans, campervans, trailers, horse floats and more. Recitation of Public and Private Sector General Insurance Industry in Structu Vivekanandha College of arts and Science for Women (Autonomous). The data was supplied by the Dutch data mining company Sentient Machine Research and is based on a real world business problem. The data was generously contributed by one global reinsurance companyand two large Lloyd's syndicates in London. Use Git or checkout with SVN using the web URL. Research, Amsterdam. 2018. North Penn Networks Limited If youre looking to reduce the cost of your caravan insurance year after year, the easiest way to do this is to fit extra security to your caravan. Each record The meaning of the attributes and attribute values is given below. Dataset with 16 projects 1 file 1 table. This repository is part of the Caravan project/dataset. Questions or concerns about copyrights can be addressed using the contact form. and was used in the CoIL Challenge 2000. Rented house, in the zipcode area of the customer. http://www.liacs.nl/~putten/library/cc2000/ Lines open Mon-Fri 9am-5.30pm. These results can be observed in my jupyter notebook. interested in buying caravan insurance and predict a model with the given 86 variable values United States, 2020 North Penn Networks Limited. Please The Insurance Company (TIC) Benchmark Description The data contains 5822 real customer records. Caravan insurance data mining statistical analysis, Product Planning Manager, Oncology & Hospital Specialty Care Marketing at MSD. I don't have enough time write it by myself. Caravan - A global community dataset for large-sample hydrology, that was used to derive all of the data included in Caravan, and. data is derived from zip codes. References The reason there is a gap, though, is. In the previous post, we talked about using several feature selection methods like forward/backward stepwise selection and lasso regularisation to. The sociodemographic data is derived from zip codes. The training set contains over 5000 descriptions of customers, including the information of whether or not they have a caravan insurance policy. The first thing I'm going to do is make a copy of it as a tibble, then see what we've got. Usage The value of your caravan: The replacement or repair cost . Additionally, Caravan provides code to derive meteorological forcing data and catchment attributes in the cloud, making it easy for anyone to extend Caravan to new catchments. Springer-Verlag, New York. Devices such as the AL-KO ATC or BPW IDC offer extra stability when towing and breaking, meaning youre less likely to experience snaking which can lead to a catastrophic and costly accident. Contents Coverage Every policy has a different level of contents insurance. consists of 86 variables, containing sociodemographic data (variables Further information on the individual variables can be obtained at http://www.liacs.nl/~putten/library/cc2000/data.html. They give information on the distribution of that variable, e.g. Now customize the name of a clipboard to store your clips. A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. Tracking devices offer a huge discount up to 20% from some insurers as they provide an unbeatable deterrent for potential thieves as well as being extremely effective at returning your caravan to you swiftly if it does get stolen. The data was supplied by the Dutch data mining company Sentient Machine Research and is based on a real world business problem. Anti-snaking devices are now becoming more common as standard on new caravans, but they can also be retro-fitted to older vans too. Thirdly, the raw dataset and the feature scaled dataset . The data set contains information on customers of an insurance company which includes the The last column (Purchase) indicates whether the customer purchased a caravan insurance policy. Tagged. This analysis can be observed in the uploaded notebook. October 26, 2021. (Purchase) indicates whether the customer purchased a caravan Business purposes are excluded. The data was originally supplied by Sentient Machine Research and was used in the CoIL Challenge 2000. The size of this file is about 1,024,817 bytes. The dataset consists of 5822 records of customer data collected by the insurance company on 85 different socio-demographic and product-ownership data features. The dataset "Caravan.csv"contains 5822 obser- vations on 86 variables. The data was supplied by the Dutch data mining company Sentient Machine Research and is based on a real world business problem. To access comparethemarket.com please complete the security check to prove you arehuman. Learn more. We all know that making a claim on our insurance can result in our premium going up at renewal, so if you can keep yourself claim free on your caravan insurance, you wont see an additional charge imposed by your insurance company. This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. 57, iss. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. InsuranceQA is a question answering dataset for the insurance domain, the data stemming from the website Insurance Library. understanding of the insurance product and the product buyers. The dataset consists of 86 attributes and 9822 data points. 164-167). . Its static caravan cover includes public liability up to 5 million; fire, theft, storm and flood damage; accidental damage; fixtures and fittings; and keys and locks up to 500. How to reimage your computer in windows 7/8/10? There are two go to marketing strategies that COIL can use. The Code Project Open License (CPOL) is intended to provide developers who choose to share their code with a license that protects them and provides users of their code with a clear statement regarding how the code can be used. Stay claim free. sign in R documentation and datasets were obtained from the R Project and are GPL-licensed. There was a problem preparing your codespace, please try again. There are a lot of factors that determine the premium of health insurance. Caravan insurance policies in New Zealand typically cover you if you're living in, towing, parking, garaging or storing a caravan. Caravan Insurance Challenge Data Card Code (40) Discussion (2) About Dataset This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. The Code Project Open License (CPOL) 1.02. MedicoReach recommends using the data for Marketing, Lead Generation, B2B Marketing, Direct Marketing, and B2B Lead Retargeting. If R says the Caravan data set is not found, you can try installing the package by issuing this command install.packages("ISLR") and then attempt to reload the data. By accepting, you agree to the updated privacy policy. consists of 86 variables, containing sociodemographic data (variables Boat Rental Cleveland Flats : Cleveland Flats Then Now Is It Finally Smooth Sailing On The East Bank Collision Bend Brewing Company - / search boat rentals in cleveland, ohio. Registered Office: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Pros and cons. Are you sure you want to create this branch? We also used Ensemble methods including Bagging, Boosting and Random Forest for improving on single tree classifier models. Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. This will load the data into a variable called Caravan. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. The . The performance measures of these models on over sampled data can be found in the jupyter notebook. A couple of those organizations include: * Insurance Information Institute * National Association of Insurance Commiss. One instance per line with tab delimited fields. Anyone, with as little as streamflow records and catchment boundaries of one (or more) basins, can contribute to extending the Caravan dataset to new regions. If you use the Caravan dataset in your research/work, the recommended citation is: Additionally, we would highly appreciated if you also cite the corresponding manuscripts of the source datasets. Since, this dataset was used for the purposes of a challenge, I obtained the data in the form of training data and test data, which is why, there was no need to split the data for my analysis. 0330 094 5256. Caravan insurance is designed to protect your caravan against damage and theft. product usage data and socio-demographic data derived from zip area codes supplied by the Dutch Storing your caravan in a sensible place will also give you peace of mind as well as possible discounts off your annual caravan insurance. Stay claim free The CPOL is our gift to the community. A tag already exists with the provided branch name. Other variables are mainly sociodemographic data and product ownership and for simplicity, we treat them as numerical data. Static insurance covers permanent caravans that may be used as a residence. Fig 3: Derived Variables 3.8 Balancing the training data It has been noticed that the training dataset is not highly representative of positive cases i.e.CARAVAN=1. We've updated our privacy policy. 2.1. Even if youve never towed on public roads before, bonuses are often available for caravanners who take towing courses and additional instruction, making them statistically safer drivers when theyre towing a caravan. All datasets are in tab delimited format. It may be obtained from: https://www.kaggle.com/uciml/caravan-insurance-challenge It contains information on customers of an insurance company. Insurance datasets - risk assessment & location data for accurate pricing Data Guide Insurance Data Guide > industry > Insurance Back Insurance Write profitable business with the most accurate location data for insurance Detect risk that others miss Pinpoint pockets of opportunity and better understand risk Provide accurate and competitive pricing The purpose of this repository is twofold: See "Extend Caravan" for a detailed description about how to extend Caravan to any new region/basin with the code provided in this repository. As consulted with one of my connections who is a subject matter expert with respect to insurance cross-selling, I learnt that the ratio of costs of FP to that of FN is around 1:18. Test your data mining algorithm to predict who will buy caravan insurance policy The Insurance Company (TIC) Benchmark Data Card Code (6) Discussion (0) About Dataset This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. Variable 86 (<code>Purchase</code>) indicates whether the customer . You signed in with another tab or window. You might need to make adjustments . infected with a virus or malware. OpenIntro documentation is Creative Commons BY-SA 3.0 licensed. Married observations. There was a problem preparing your codespace, please try again. P. van der Putten and M. van Someren (eds) . Leisuredays is a specialist insurance provider offering static caravan, lodge, chalet, park home and holiday home insurance. What is Healthcare Insurance Data Healthcare Insurance Dataset Insurance Database - MedicoReach used for? TICEVAL2000.txt: Dataset for predictions (4000 customer records). 2000: The Insurance Company Case. Here, i'll take installation disc as an example and show you how to reimage a computer in windows 10/8/7, because this method is. It may be obtained from: https://www.kaggle.com/uciml/caravan-insurance-challenge It contains information on customers of an insurance company. with Rexa.info, http://www.liacs.nl/~putten/library/cc2000/, Transforming classifier scores into accurate multiclass probability estimates, The UCI KDD Archive of Large Data Sets for Data Mining Research and Experimentation, A Simple Method For Estimating Conditional Probabilities For SVMs. 4.6.6: An Application to Caravan Insurance Data Let's see how the KNN approach performs on the Caravan data set, which is part of the ISLR package. The dataset used is from the CoIL Challenge 2000 datamining competition. Insurance companies are now recognising the additional safety that these devices give to caravan owners so theyre offering discounts off their insurance for having them fitted. K6255 Knowledge Discovery and Data Mining Due to large number of features, it is infeasible to show the data dictionary or a data sample in this document, however, the data dictionary can be obtained from - http://kdd.ics.uci.edu/databases/tic/dictionary.txt and the complete dataset can be obtained from - http://kdd.ics.uci.edu/databases/tic/tic.html. Data for an Introduction to Statistical Learning with Applications in R, ISLR: Data for an Introduction to Statistical Learning with Applications in R. based on family status and age. Following Amelia, let's look at the ISLR Caravan example (pp. They'll usually only cover you if you use your caravan for social, domestic or private purposes. We've seen all sorts of makes, models, designs and modifications over the years. Published by Sentient Machine Research, Amsterdam. [Web Link], [1] Papers were automatically harvested and associated with this data set, in collaboration Microsoft's T. Caravan Insurance Dataset Description - Coachman 565 Touring Caravan in Stirlingshire (#106144 ) - Caravan insurance data mining assignmentk6225 knowledge discovery and data mining by, sesagiri raamkumar aravind(g1101761f) thangavelu muthu kumaar(g1101765e) page 1 of 11. Whether you own a touring caravan or a static caravan, you could be glad of having caravan insurance in place if something goes wrong. - Senior, family men (5, 6). We found that caravan insurance buyers are likely to live in wealthy area. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. Photography Insurance; Camera Insurance . For details on the references, see the information included in the licenses folder of the Caravan dataset, If you have any questions/feedback regarding the Caravan dataset/project, please contact Frederik Kratzert kratzert(at)google.com. Further information on the individual variables can DATA PREPARATION: The training data has 5893 observations, whereas, the test data consists of the remaining 3929 observations. Variable 86 (Purchase) indicates whether the customer purchased a caravan insurance policy. This is something that should be kept in mind and taken care of when using this rule. In 2000, a Europe insurance company that offered various insurance services including life, auto, boat insurances to a large customer faced this challenge of cross-selling where the companys newest service Caravan insurance policy turned to be disappointing in terms of sales. Please cite/acknowledge:
P. van der Putten and M. van Someren (eds) . There are 2,000 questions and 3,308 answers in the test set. This product has 5 key use cases. June 22, 2000. The performance measures (sensitivity, specificity, recall, precision, accuracy and ROC curves) associated with all six models fitted on the unbalanced training data and predicted on unbalanced test data is provided in the jupyter notebook. Club membership to use Codespaces. The insurance company dataset (TIC), which we mine in this paper, was used in the COIL 2000 challenge. There are 12,889 questions and 21,325 answers in the training set. See http://www.liacs.nl/~putten/library/cc2000/ This indicates that models that might have low accuracy but with low overall costs are selected over models with high accuracy but high overall costs. as follows For my first part of the analysis, I used Data Visualization and Association Rules to understand the characteristics of caravan mobile home insurance buyers. The Caravandata set is found in the ISLRR package. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. Users analyze, extract, customize and publish statistics. The vision of Caravan is to provide the foundation for a truly global open source community resource that will grow over time. You are allowed to use this dataset and accompanying information for non commercial research and education purposes only. Note: All the variables starting with M are zipcode variables. The UCI KDD Archive of Large Data Sets for Data Mining Research and Experimentation. This indicates that the observations with number of boat policies = 1 tend to occur together with the variable of interest Number of mobile home policies. Out of the 86 attributes, two are categorical, 83 are numerical and one is the class/target variable (Caravan Insurance Purchased). [View Context].Stephen D. Bay and Dennis F. Kibler and Michael J. Pazzani and Padhraic Smyth. Updated 3 years ago. However, numerous efforts and solutions are already in place for answering this question, I tend to focus more on my second part of the analysis, which is devising a go to market strategy. June 22, 2000. - Middle aged family men (2, 3, and 4) initial claims claims insurance unemployment economic development. A lot of new caravans are fitted with an AL-KO axle wheel lock receiver, so purchasing the locking part for this is an excellent alternative to a separate wheel clamp and will give a superb level of security. looking for misconfigured or infected devices. Information about customers consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. The goal of the challenge was to predict customers who are interested in a caravan insurance policy. The accuracy of our model using testing dataset is 79.7% in which it's sensitivity was 81.74% and specificity 47.48%. Published by Sentient Machine Research, Amsterdam. The six classification models built on the unbalanced data tend to give a very high accuracy due to classifying almost all non-success class observations correct (which is the majority 95%), however, the unbalanced nature of this dataset does not allow any of these models to learn the characteristics of the success class observations. Hence, I have created different situation based recommendations associated with different sensitivity and PPV tradeoff values. Average age MGEMLEEF holds 6 types of values which can be categorised into three groups and are Published by Sentient Machine Although they are great for meeting likeminded caravanners and enjoying your caravanning breaks in friendly groups with organised activities; being a member of one can also mean a generous discount off your caravan insurance. SIGKDD Explorations, 2. Machine Learning. STATISTICAL ANALYSIS Compute static catchment attributes on Google Earth Engine. There are two levels of caravan insurance for tourers and statics: New for old - If your caravan is damaged beyond repair or stolen, new for old cover will pay out the value of a brand new, equivalent model, providing the sum insured reflects the value of the caravan as new. In 2018, the Census Bureau fielded a Split-Panel test of the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) to fulfill budgetary requirements for the 2087 fiscal year. Weve updated our privacy policy so that we are compliant with changing global privacy regulations and to provide you with insight into the limited ways in which we use your data. The "insurance protection gap" totalled $84bn in uninsured losses (compared to $56bn) in 2019 according to Swiss Re so there is a lot of untapped potential. Using this analysis, I suggest situation based models to apply based on their costs and different go to market strategies. P. van der Putten and M. van Someren. This visualization can be observed in the notebook and I see that my model logistic regression on the unbalanced dataset turns out to be the most profitable model out of the all 18 models at an optimal cutoff value. We are building the next-gen data science ecosystem https://www.analyticsvidhya.com, Data Analytics | Artificial Intelligence | Data Visualization | Perspective | https://www.linkedin.com/in/tankahwang/. Note that the confidence of this rule is 1, however, given the unbalanced nature of this dataset, the best support I could obtain was around 0.0012. It insures you against things like bad weather, accidental damage, theft and vandalism. If nothing happens, download Xcode and try again. Caravan policies should cover you for things like fire, theft, accidental damage and weather damage. North Wales PA 19454 Remember, caravan insurance covers you for more than just the caravan itself. 177-195, Kluwer Academic Publishers Moreover, the unbalanced nature of this dataset required us to use sampling techniques to capture the characteristics of the success class (only 5.9% of the observations). Answer: I'm not quite sure what you mean by "open datasets" but I would start with calling the major organizations that gather and disburse insurance statistical information. Follow this guide for more information on how to share your data with the community. This paper introduces a dataset called Caravan (a series of CAMELS) that standardizes and aggregates seven existing large-sample hydrology datasets. This data set includes 85 predictors that measure demographic characteristics for 5,822 individuals. Data Mining of Caravan Insurance Data Set Using R. Use Git or checkout with SVN using the web URL.
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