Tao Yin1, Changgen Peng2,*, Weijie Tan3, Dequan Xu4, Hanlin Tang5
CMES-Computer Modeling in Engineering & Sciences, Vol.138, No.1, pp. 827-843, 2024, DOI:10.32604/cmes.2023.029039
- 22 September 2023
Abstract In the assessment of car insurance claims, the claim rate for car insurance presents a highly skewed probability distribution, which is typically modeled using Tweedie distribution. The traditional approach to obtaining the Tweedie regression model involves training on a centralized dataset, when the data is provided by multiple parties, training a privacy-preserving Tweedie regression model without exchanging raw data becomes a challenge. To address this issue, this study introduces a novel vertical federated learning-based Tweedie regression algorithm for multi-party auto insurance rate setting in data silos. The algorithm can keep sensitive data locally and uses… More >