EAA Web Session: The UBI Motor Insurance Telematics Pipeline Blueprint

Announcement from the EAA organiser:

The nature and requirements of motor telematics remain somewhat elusive to the industry as many skills and concepts are not part of the classical syllabus of the profession; while time series data has a fixed place in the profession, dealing with (physical) sensor data has not, much less when extracting risk measure features from it.

The purpose of the seminar is to establish the possible steps from data collection to pricing in order to highlight both the unique challenges as well as opportunities of usage-based insurance (UBI). To this end, a possible pipeline from data collection and feature engineering to risk profiling and finally pricing will be central to this training, but an outlook toward actual motor pricing that incorporates telematic observables is included as well.

The topic is broken down into an introduction of general concepts and some aspects from the relevant literature, a chapter on data collection and preprocessing, a chapter on feature engineering incorporating the unique sensor qualities in play and a chapter on evaluating risk with telematic risk measures extracted from driving data.

This web session will allow actuaries to gain an introductory understanding of the relevant concepts that are required to enable usage-based insurance in the motor line of business from the technical and pricing point of view.

Click here to register. Your early-bird registration fee is € 180.00 (net) / € 214.20 (incl. VAT, if applicable) for bookings by 15 October 2024. After this date, the fee will be € 250.00 (net) / € 297.50 (incl. VAT, if applicable).