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Predicting the Risk Level of the Vehicle for Customers’ Auto Insurance Using JMP® Pro 10

 Predicting the Risk Level of the Vehicle for Customers’ Auto Insurance Using JMP® Pro 10

 

Dinesh Yadav Gaddam, Musthan Kader Ibrahim Meeran Mohideen, Oklahoma State University

Relating used car risk to vehicle characteristics is often a challenging task but it is very important for figuring out used car insurance premium. This poster is an attempt to build a model that uses vehicle characteristics as inputs and an overall measure of risk for a used vehicle as a target with the help of SAS JMP Pro 10. This would help insurance organizations in deciding the more profitable customers and to quote proper insurance premiums for the risky vehicles, therefore increasing their net revenue through them.

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