It's (almost) over! sharing approaches

[jocelyn]

@MakePredict

For my pricing I made some underwriting rules like:

I do not insure Quarterly (meaning I multiply their premium by 10), AllTrips, risks who have a male secondary drive for coverages Max or Med 2, anyone who switched towns or payment plans ( even if one of them wasn’t quarterly), I made a large loss model for over 10k and anyone in the top 1% probability isn’t insured, and anyone with certain vh_make_models which had a really high percentage of excess claims, or people in certain towns that had really high % of excess claims. These last two were a bit judgemental because some of the groups clearly lacked the credibility to say they have high excess potential, but I didn’t want to take the chance.

That is smart, it for sure can help decrease some instability in the profit. I clearly didn’t spend enough time in those analysis.