Claim Amount Forecasting and Pricing of Automobile Insurance Based on the BP Neural Network

Table 1

Claim data.

Owner’s age	Owner’s gender	Number of seats	Vehicle age	Purchase price (yuan)	Vehicle weight (kg)	NCD coefficient	Aggregate claim amounts
48	1	5	4	62,900.0	1039	−0.4	0.0
31	1	5	3	61,900.0	1265	−0.3	0.0
50	1	8	5	30,000.0	975	−1.3	0.0
47	1	5	9	114,800.0	1255	−1.3	0.0
33	1	5	13	263,800.0	1580	−0.15	0.0
31	2	7	5	38,800.0	1205	−0.3	0.0
40	1	5	6	37,900.0	1210	−1.3	0.0
26	2	5	3	44,900.0	1020	−1.2	0.0
33	1	7	8	278,800.0	1855	−1	0.0
37	1	5	9	37,900.0	895	−1	0.0
49	1	5	3	119,800.0	1501	0.7	0.0
40	2	8	2	52,300.0	1305	0.15	0.0
49	1	5	17	55,500.0	1050	−0.4	1,200.0

Note. In owner’s gender, 1 indicates male and 2 indicates female.