Discover our new Expert Paper by Michael Casalinuovo, consultant at ADDACTIS Software.
“Currently, GLM models are commonly used by Non-life insurance companies for their
pricing process. These models have a lot of advantages: Transparency, understanding….
However, Data science methods and algorithms are growing and creating new niches
not only for insurance companies but for many businesses. Therefore, some companies
try to integrate machine learning methods in their pricing process.
As a result, we can wonder if Data science would replace GLM and become the new
standard in the Pricing field.”