Research Article
Claim Amount Forecasting and Pricing of Automobile Insurance Based on the BP Neural Network
Table 2
The comparison between the predicted pure premium and actual total claim.
| ā | Jinan City | Binzhou City | Jining City | Laiwu City | Weihai City | Weifang City |
| Z value | 0.4627 | 0.2382 | 0.2245 | 0.2589 | 0.2486 | 0.2897 | Size of prediction set | 438 | 230 | 213 | 260 | 202 | 300 | Average pure premium | 521.14 | 630.85 | 629.44 | 602.09 | 599.8 | 574.78 | Average claim amount in prediction set | 434.19 | 633.87 | 527.16 | 531.09 | 480.37 | 468.83 | Profit percentage | 0.2 | ā0.004 | 0.19 | 0.13 | 0.24 | 0.22 |
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