Benha University

dalia Sherif Shaban Mousa

Demonstrator

Faculty of Commerce Statistics,Math & Insurances

Using Some Data Mining Approaches with Application on Insurance Data

Scientific Journal for Financial and Commercial Studies and Research, Faculty of Commerce, Damietta University • 2024
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Publication Information
Authors Dalia Sherif, Zohdy Mohamed Nofal, Aya Shehata Mahmoud
Keywords Data mining, Fraud Detection, Car Insurance, Hybrid Classifier
Journal Scientific Journal for Financial and Commercial Studies and Research, Faculty of Commerce, Damietta University
Publisher جامعة دمياط كلية التجارة
Volume 5
Issue 2
Pages 913-937
publication.type Local
Paper Link Open Link
Supplementary Materials Not Available
Abstract
Fraud considered as the most common problem in insurance companies. Detecting frauds is a difficult problem for insurance companies. This study presents a statistical and data mining techniques. The statistical and data mining techniques helps in predicting fraud in this data. The data was cleaned and pre-processed by removing duplication, filling the missing data, managing the categorical data by label encoding and detecting the outliers. Then the data was split into train and test data. After that, using the standardization feature scaling for the data. Finally, the data was evaluated by some data mining models and the best two models are the Adaptive Boost and Gradient Boost. The Ada Boost model achieves the highest values of accuracy (95.556%), recall (92.308%), precision (87.805%), F1_score (90%) and MCC (Matthews Correlation Coefficient) (87.190%). the Gradient Boost model achieves the second highest values of accuracy (92.778%), recall (76.923%), precision (88.235%), F1_score (82.192%) and Matthews Correlation Coefficient MCC (77.976%). So, a new model was proposed in this research called GA which is a combination of Gradient Boost and Adaptive Boost by the hybrid classifier.
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