Australian Caravan Insurance is a specialist provider of comprehensive insurance cover for caravans, campervans, trailers, horse floats and more. Please cite/acknowledge: P. van der Putten and M. van Someren (eds) . i.e., what go to market strategies could be used in order to maximize profits. The training set contains over 5000 descriptions of customers, including the information of whether or not they have a caravan insurance policy. The data was originally supplied by Sentient Machine Research and was used in the CoIL Challenge 2000. Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. 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. Compute time series of spatially-averaged meteorological forcings on Google Earth Engine. STATISTICAL ANALYSIS - Middle and Upper Class, middle aged and senior citizens, high risk cultured liberal investors (8, 9, You can load the Caravandata set in R by issuing the following command at the console data("Caravan"). Are you sure you want to create this branch? Energy and Digital products are not regulated by the FCA. 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. If nothing happens, download GitHub Desktop and try again. Datasets are usually for public use, with all personally identifiable information removed to ensure confidentiality. We all want to keep costs low, especially in todays economic climate, and it might be tempting to let your caravan insurance lapse. See http://www.liacs.nl/~putten/library/cc2000/ 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. Still not convinced? It insures you against things like bad weather, accidental damage, theft and vandalism. Variable 86 (<code>Purchase</code>) indicates whether the customer . Firstly, the Health Cost Insurance dataset is extracted from UCI machine repository and the data is preprocessed along with exploratory data analysis. 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. It is further divided into a training set (5822 observations) and a test set (4000 observations). The data contains 5822 real customer records. This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. Additional security and safe storage are great for when your caravan is not is use but what about when youre towing your caravan? 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. 2023 Caravan Insurance Guide is a trading name of Caravan Guard Limited (registered in England number 4036555 at New Road, Halifax, West Yorkshire, HX1 2JZ). Leisuredays is a specialist insurance provider offering static caravan, lodge, chalet, park home and holiday home insurance. Machine Learning, October 2004, vol. [Web Link], [1] Papers were automatically harvested and associated with this data set, in collaboration Users analyze, extract, customize and publish statistics. that is required to extend Caravan to any new location for free in the cloud. 177-195, Kluwer Academic Publishers By whitelisting SlideShare on your ad-blocker, you are supporting our community of content creators. 2.1.1. We extract and analyze the raw variables with labels and try to categorize the variables based on the 177-195, Kluwer Academic Publishers Now, I built the above six classification techniques on three separate test data frames: the unbalanced dataset, under sampled dataset and the over sampled dataset i.e., in effect, I now have performance measures of 18 different models for comparing and evaluating purposes. - Young, family starters (1) It may be obtained from: https://www.kaggle.com/uciml/caravan-insurance-challenge It contains information on customers of an insurance company. The . 2018. 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. INTRODUCTION: Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Use Git or checkout with SVN using the web URL. existing customers and caravan mobile home insurance buyers and some corresponding general characteristics. 2.1. 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 Insurance Company (TIC) Benchmark Description The data contains 5822 real customer records. One of techniques used to handle this unbalance was to under sample the number of non-success class observations in the training dataset, while another approach to solving this problem was to over sample the number of success class observations in the training dataset. In 2019, 14.5% of adults aged 18-64 were uninsured at the time of interview, 20.4% had public coverage, and 67.5% had private health insurance coverage. The PPV and sensitivity for all my models are compared in a graph in the jupyter notebook and since there is no clear winning model in terms of both, sensitivity and PPV, I recommend two different strategies based on the selected tradeoff between PPV and sensitivity. The complete dataset has 9822 rows and 86 column headings. If they approach all the customers they have to divide the marketing budget between of them, effectively reducing the discounts they can offer to individual customers leading to lower conversion rate. This report is intended to understand characteristics of a caravan insurance policy buyer. To access comparethemarket.com please complete the security check to prove you arehuman. OpenIntro documentation is Creative Commons BY-SA 3.0 licensed. Now, I have calculated the profits associated with each of my models for classification cutoff values ranging from 0 to 1. One aspect of this is applying a customer lifetime value to each client. Lines open Mon-Fri 9am-5.30pm. After under sampling, I used the technique of oversampling the number of success class observations in this training dataset and refitted my six classification models. Toggle navigation. The CPOL is our gift to the community. Source 1-43) and product ownership (variables 44-86). This will load the data into a variable called Caravan. Each record consists of 86 variables, containing sociodemographic data (variables 1-43) and product ownership (variables 44-86). 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. They'll usually only cover you if you use your caravan for social, domestic or private purposes. June 22, 2000. The UCI KDD Archive of Large Data Sets for Data Mining Research and Experimentation. P. van der Putten and M. van Someren. Following Amelia, let's look at the ISLR Caravan example (pp. A simple alarm, for example, can save you 5% off your premium. The data contained a range of information on customers, which included income, age range, vehicle ownership, number of policies held, and level of contributions (premiums) paid as well as more qualitative information on lifestyle and type of households. 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. Stay claim free. Storing your caravan in a sensible place will also give you peace of mind as well as possible discounts off your annual caravan insurance. Our main vision with Caravan is that this dataset will grow over time. Please The first 43 attributes are demographic and social data, whereas, the remaining 43 variables are insurance product usage related data which indicate customers of the companys existing policies such as fire, boat, life, etc. initial claims claims insurance unemployment economic development. All customers living in areas with the same zip code have the same sociodemographic attributes. This dataset is not set up as individual customer observations and each row represents a group of customers i.e., a large sample size. All customers living in areas with the same zip code have the same sociodemographic attributes. product usage data and socio-demographic data derived from zip area codes supplied by the Dutch 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. For my later part of the analysis, I used the aforementioned classification models to devise an optimal go to market strategy depending on. Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 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 . 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 goal of the challenge was to predict customers who are interested in a caravan insurance policy. Note that the most significant part of my analysis is to identify the success class observations correctly, and hence, the two most important performance features for us are PPV and sensitivity. Once you determine the initial balancing of the data, be sure to regularly monitor the balance of the incoming data, because the original balance might shift over time. We've updated our privacy policy. your computer will be reset to windows 10 fresh defaults. Transforming classifier scores into accurate multiclass probability estimates. For my first part of the analysis, the initial data visualizations indicate that the buyers of caravan mobile home insurance policies also tend to buy car policies and fire policies. Epgp09 10 - term v - prm - group ii - pricing in-insurance_industry - project Profiling banking customers - Insurance and Pension Products, Caravan insurance data mining prediction models, Nano Based Polymers and Applications in Drug Delivery, 2017 Top Issues - Changing Business Models - January 2017. Recapping from the previous two posts, this post will utilise machine learning algorithms to predict customers who are mostly likely to purchase caravan policy based on 85 historic socio-demographic and product-ownership data attributes. The Caravandata set is found in the ISLRR package. 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. This is something that should be kept in mind and taken care of when using this rule. A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. The data was supplied by the Dutch data mining company Sentient Machine Research and is based on a real world business problem. Here is how you do it. Since, it is critical for my analysis to correctly classify success class observations, the most important performance measures to consider is sensitivity and PPV. The Caravan data set is found in the ISLR R package. Clipping is a handy way to collect important slides you want to go back to later. Now customize the name of a clipboard to store your clips. Caravan includes meteorological forcing data . The accuracy of our model using testing dataset is 79.7% in which it's sensitivity was 81.74% and specificity 47.48%. A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. The results from these allowed us to state the relationship between Insurance companies recognise that caravan owners who join these clubs are generally more interested in looking after their caravan, and take caravan safety more seriously, so as a member you could get up to 10% with some insurers! The sociodemographic data is derived from zip codes. 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. Participants are supposed to return the list of predicted targets only. CoIL Challenge The Caravan dataset (and the corresponding manuscript) are currently under revisions. This might have been done to utilize all the observations and at the same time, keep the number of rows in the dataset to be manageable. data is derived from zip codes. Security 0330 094 5256. TICDATA2000.txt: Dataset to train and validate prediction models and build a description (5822 customer records). 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. Tagged. TICTGTS2000.txt Targets for the evaluation set. You can load the Caravan data set in R by issuing the following command at the console data("Caravan"). [View Context]. Customer sub type MOSTYPE variable has 41 value types which can be categorised under two broad The SlideShare family just got bigger. Caravan - A global community dataset for large-sample hydrology, that was used to derive all of the data included in Caravan, and. 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. An Introduction to Statistical Learning with applications in R, The goal is to apply KNN to the Caravan dataset from the ISLR package. sign in If you need to download R, you can go to the R project website. Science Technical Report 2000-09. Are you sure you want to create this branch? For more information on customizing the embed code, read Embedding Snippets. It has the same format as TICDATA2000.txt, only the target is missing. Using this analysis, I suggest situation based models to apply based on their costs and different go to market strategies. This type of policy is more similar to a homeowner's policy. Dataset with 16 projects 1 file 1 table. Club Care's Caravan Insurance covers your contents and equipment too plus personal injury, public liability, loss of use and accidental damage, theft and fire - so it's well worth the investment. 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. 2002. If you are at an office or shared network, you can ask the network administrator to run a scan across the network Our aim is to predict a customer circle who will be Variable 86 (Purchase) indicates whether the customer purchased a caravan insurance policy. 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. 164-167). Considering the nature of decisions made on this data, I can maximize profit by recommending one of the two market strategies. We also used Ensemble methods including Bagging, Boosting and Random Forest for improving on single tree classifier models. One instance per line with tab delimited fields. While searching for this topic online, you will find there are three aspects. Business purposes are excluded. Caravan insurance data mining statistical analysis, Product Planning Manager, Oncology & Hospital Specialty Care Marketing at MSD. A data frame with 5822 observations on 86 variables. . 1. 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. Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. The data set contains information on customers of an insurance company which includes the TICEVAL2000.txt: Dataset for predictions (4000 customer records). Besides the basics, you can opt for policy add-ons like personal possessions cover and camping equipment cover to upgrade your policy. 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). Compare The Market Limited is authorised and regulated by the Financial Conduct Authority for insurance distribution (Firm Reference Number: 778488). A tag already exists with the provided branch name. In most cases, you'll find your caravan make within the drop down menu when you get a touring caravan quote, but if isn't there then give us a quick call on 01242 538 431 and we can confirm whether we can provide cover. 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. Many Git commands accept both tag and branch names, so creating this branch may cause unexpected behavior. Photography Insurance; Camera Insurance . Rented house, in the zipcode area of the customer. There are 2,000 questions and 3,354 answers in the validation set. If nothing happens, download Xcode and try again. Caravan: The Insurance Company (TIC) Benchmark In ISLR: Data for an Introduction to Statistical Learning with Applications in R DescriptionUsageFormatSourceReferencesExamples Description The data contains 5822 real customer records. 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. Information about customers consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. 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. To achieve reliable data results, start by balancing data correctly based on a specific business objective before training a predictive model. The data was originally supplied by Sentient Machine Research 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. understanding of the insurance product and the product buyers. It has the same format as TICDATA2000.txt, only the target is missing. The datasets below may include statistics, graphs, maps, microdata, printed reports, and results in other forms. Caravan Guard Limited is authorised and regulated by the Financial Conduct Authority (FCA). (Purchase) indicates whether the customer purchased a caravan All customers living in areas with the same zip code have the same sociodemographic attributes. Cross-selling is one of the most successful techniques of marketing in the modern days where a company aims at selling additional products/services among existing customers. Published by Sentient Machine Research, Amsterdam. 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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. 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. Joining a caravanning club is not just a social thing! In the previous post, we talked about using several feature selection methods like forward/backward stepwise selection and lasso regularisation to. Australian Caravan Insurance is a trading brand of .
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