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.

	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	−0.004	0.19	0.13	0.24	0.22