This repository is part of the Caravan project/dataset. If they approach all the customers they have to divide the marketing budget between of them, effectively reducing the discounts they can offer to individual customers leading to lower conversion rate. The dataset consists of 86 attributes and 9822 data points. Games, G., Witten, D., Hastie, T., and Tibshirani, R. (2013) An Introduction to Statistical Learning with applications in R, www.StatLearning.com, Springer-Verlag, New York. (Purchase) indicates whether the customer purchased a caravan [Web Link]. Note that the confidence of this rule is 1, however, given the unbalanced nature of this dataset, the best support I could obtain was around 0.0012. The sociodemographic data is derived from zip codes. We all know that making a claim on our insurance can result in our premium going up at renewal . . A test set contains 4000 customers of whom only the organisers know if they have a caravan insurance policy. 57, iss. Caravan is an open community dataset of meteorological forcing data, catchment attributes, and discharge data for catchments around the world. A data frame with 5822 observations on 86 variables. The dataset "Caravan.csv"contains 5822 obser- vations on 86 variables. Therefore, the high accuracy of these models is of limited use as they do not help in classifying success class observations correctly, which is my main objective. Caravan - A global community dataset for large-sample hydrology, that was used to derive all of the data included in Caravan, and. Remember, caravan insurance covers you for more than just the caravan itself. CoIL Challenge 2000: The Insurance Company Case. The data was supplied by the Dutch data mining company Sentient Machine Research and is based on a real world business problem. If nothing happens, download Xcode and try again. Lines open Mon-Fri 9am-5.30pm. Thirdly, the raw dataset and the feature scaled dataset . Registered in England No. Epgp09 10 - term v - prm - group ii - pricing in-insurance_industry - project Profiling banking customers - Insurance and Pension Products, Caravan insurance data mining prediction models, Nano Based Polymers and Applications in Drug Delivery, 2017 Top Issues - Changing Business Models - January 2017. It is explicitly not allowed to use this dataset for commercial education or demonstration purposes. Additionally, my results from association rules gives the best rule to be {Avg_age=3, Social_class_B2=3, Number_of_boat_policies=1} -> {Number_of_mobile_home_policies=1}. Married observations. A tag already exists with the provided branch name. We've encountered a problem, please try again. Hence, I have created different situation based recommendations associated with different sensitivity and PPV tradeoff values. Photography Insurance; Camera Insurance . This paper introduces a dataset called Caravan (a series of CAMELS) that standardizes and aggregates seven existing large-sample hydrology datasets. This dataset is not set up as individual customer observations and each row represents a group of customers i.e., a large sample size. infected with a virus or malware. So if you want to learn how we can . to use Codespaces. Are you sure you want to create this branch? Most caravan insurance companies will require some form of minimum security. Variable 86 (<code>Purchase</code>) indicates whether the customer . If nothing happens, download Xcode and try again. KDD. James, G., Witten, D., Hastie, T., and Tibshirani, R. (2013) 2023 Caravan Insurance Guide is a trading name of Caravan Guard Limited (registered in England number 4036555 at New Road, Halifax, West Yorkshire, HX1 2JZ). Fig 3: Derived Variables 3.8 Balancing the training data It has been noticed that the training dataset is not highly representative of positive cases i.e.CARAVAN=1. Microsoft's T. Caravan Insurance Dataset Description - Coachman 565 Touring Caravan in Stirlingshire (#106144 ) - Caravan insurance data mining assignmentk6225 knowledge discovery and data mining by, sesagiri raamkumar aravind(g1101761f) thangavelu muthu kumaar(g1101765e) page 1 of 11. DATA PREPARATION: The goal is to apply KNN to the Caravan dataset from the ISLR package. Now customize the name of a clipboard to store your clips. Having said that, I have developed analysis that compares overall costs for all eighteen models for classification cutoff values ranging from 0 to 1. You might need to make adjustments . A tag already exists with the provided branch name. Research, Amsterdam. They give information on the distribution of that variable, e.g. If youre looking to reduce the cost of your caravan insurance year after year, the easiest way to do this is to fit extra security to your caravan. The first being to target a very narrow set of customers with high penetration pricing to have a very high conversion rate. This analysis can be observed in the uploaded notebook. For taking advantage of different classification algorithms and improving performance measures of my classification, I used multiple classification algorithms including Logistic Regression, K-NN classification and Nave Bayes Classification. As per the current situation the company has to approach all 4000 customers with the policy. consists of 86 variables, containing sociodemographic data (variables Exploratory Data Analysis (EDA) solution to Kaggle caravan insurance challenge on R | by Kieran Tan Kah Wang | Analytics Vidhya | Medium Write Sign up Sign In 500 Apologies, but something. [View Context].Stefan R uping. We combined the training and test dataset for my initial data exploration and visualization, however, for fitting my models, I used the given training data and evaluated the performance measures on the given test data. Please cite/acknowledge: P. van der Putten and M. van Someren (eds) . Here, i'll take installation disc as an example and show you how to reimage a computer in windows 10/8/7, because this method is. This dataset is owned and supplied by the Dutch datamining company Sentient Machine Research, and is based on real world business data. Data Mining of Caravan Insurance Data Set Using R. Use Git or checkout with SVN using the web URL. For my later part of the analysis, I used the aforementioned classification models to devise an optimal go to market strategy depending on. Since, this dataset was used for the purposes of a challenge, I obtained the data in the form of training data and test data, which is why, there was no need to split the data for my analysis. Tracking devices offer a huge discount up to 20% from some insurers as they provide an unbeatable deterrent for potential thieves as well as being extremely effective at returning your caravan to you swiftly if it does get stolen. A completed project by the Insurance Risk and Finance Research Centre (www.IRFRC.com) hasassembled a unique dataset from Large Commercial Risk losses in Asia-Pacific (APAC) coveringthe period 2000-2013. 177-195, Kluwer Academic Publishers Our Products. All customers living in areas with the As consulted with one of my connections who is a subject matter expert with respect to insurance cross-selling, I learnt that the ratio of costs of FP to that of FN is around 1:18. A test dataset contains another 4000 customers whose information will be used to test the effectiveness of the machine learning models. your computer will be reset to windows 10 fresh defaults. While searching for this topic online, you will find there are three aspects. ANALYZING AND CATEGORIZING THE VARIABLES: Out of the 86 attributes, two are categorical, 83 are numerical and one is the class/target variable (Caravan Insurance Purchased). A lot of new caravans are fitted with an AL-KO axle wheel lock receiver, so purchasing the locking part for this is an excellent alternative to a separate wheel clamp and will give a superb level of security. Postprocess the Earth Engine outputs locally and to combine it with streamflow, as well as to compute some additional climate indices. This is usually a hitchlock and a wheel clamp. sign in Insurance datasets - risk assessment & location data for accurate pricing Data Guide Insurance Data Guide > industry > Insurance Back Insurance Write profitable business with the most accurate location data for insurance Detect risk that others miss Pinpoint pockets of opportunity and better understand risk Provide accurate and competitive pricing Aman Kharwal. Data for an Introduction to Statistical Learning with Applications in R, ISLR: Data for an Introduction to Statistical Learning with Applications in R. to use Codespaces. It has the same format as TICDATA2000.txt, only the target is missing. It insures you against things like bad weather, accidental damage, theft and vandalism. In 2018, the Census Bureau fielded a Split-Panel test of the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) to fulfill budgetary requirements for the 2087 fiscal year. Machine Learning, October 2004, vol. Its static caravan cover includes public liability up to 5 million; fire, theft, storm and flood damage; accidental damage; fixtures and fittings; and keys and locks up to 500. The data contains 5822 real customer records. Anyone, with as little as streamflow records and catchment boundaries of one (or more) basins, can contribute to extending the Caravan dataset to new regions. All Rights Reserved, , http://www.liacs.nl/~putten/library/cc2000/data.html, http://www.liacs.nl/~putten/library/cc2000/, OpenIntro Statistics Dataset - winery_cars. Due to large number of features, it is infeasible to show the data dictionary or a data sample in this document, however, the data dictionary can be obtained from - http://kdd.ics.uci.edu/databases/tic/dictionary.txt and the complete dataset can be obtained from - http://kdd.ics.uci.edu/databases/tic/tic.html. Each record consists of 86 variables, containing sociodemographic data (variables 1-43) and product ownership (variables 44-86). Now, I built the above six classification techniques on three separate test data frames: the unbalanced dataset, under sampled dataset and the over sampled dataset i.e., in effect, I now have performance measures of 18 different models for comparing and evaluating purposes. Registered Office: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Business purposes are excluded. Also a Leiden Institute of Advanced Computer 1-43) and product ownership (variables 44-86). Instant access to millions of ebooks, audiobooks, magazines, podcasts and more. Additionally, Caravan provides code to derive meteorological forcing data and catchment attributes in the cloud, making it easy for anyone to extend Caravan to new catchments. By accepting, you agree to the updated privacy policy. You can load the Caravan data set in R by issuing the following command at the console data("Caravan"). consists of 86 variables, containing sociodemographic data (variables Please 1-2, pp. CUST_SUB_LIFESTYLE_REFLECTION: variables to significant predictors as below We found that caravan insurance buyers are likely to live in wealthy area. If nothing happens, download GitHub Desktop and try again. Examples, The data contains 5822 real customer records. looking for misconfigured or infected devices. If you are at an office or shared network, you can ask the network administrator to run a scan across the network Answer: I'm not quite sure what you mean by "open datasets" but I would start with calling the major organizations that gather and disburse insurance statistical information. Question: Consider the insurance company case. June 22, 2000. Whether you own a touring caravan or a static caravan, you could be glad of having caravan insurance in place if something goes wrong. Dataset with 16 projects 1 file 1 table. - Senior, family men (5, 6). It has the same format as TICDATA2000.txt, only the target is missing. - Distributed age and social class, low risk cultured conservative investors Club Care's Caravan Insurance covers your contents and equipment too plus personal injury, public liability, loss of use and accidental damage, theft and fire - so it's well worth the investment. Do not sell or share my personal information, 1. This product has 5 key use cases. A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. The Caravan dataset that was released together with the paper can be found here. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to find out more. See with Rexa.info, http://www.liacs.nl/~putten/library/cc2000/, Transforming classifier scores into accurate multiclass probability estimates, The UCI KDD Archive of Large Data Sets for Data Mining Research and Experimentation, A Simple Method For Estimating Conditional Probabilities For SVMs. Statistical Analysis of Caravan Insurance using IBM SPSS interested in buying caravan insurance and predict a model with the given 86 variable values Please Free access to premium services like Tuneln, Mubi and more. 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Rented house, in the zipcode area of the customer. Our main vision with Caravan is that this dataset will grow over time. The marketing department of the company knew that taking advantage of the existing customer base would improve their new insurances sale, however, the biggest question is whom to target, among the companys thousands of customers. The datasets below may include statistics, graphs, maps, microdata, printed reports, and results in other forms. Besides the basics, you can opt for policy add-ons like personal possessions cover and camping equipment cover to upgrade your policy. The Caravan dataset (and the corresponding manuscript) are currently under revisions. Health Insurance is a type of insurance that covers medical expenses. The caravan of migrants hoping to gain entry into the United States has been the subject of much controversy in recent days. All customers living in areas with the same zip code have the same sociodemographic attributes. Note: All the variables starting with M are zipcode variables. CaSSOA is a scheme that grades storage sites as Gold, Silver and Bronze quality so look out for gold sites to give the best insurance discounts. Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. You are allowed to use this dataset and accompanying information for non commercial research and education purposes only. Stay claim free. As they traveled through Mexico, many made their way to the city of Tijuana, located at the border with California. The data was originally supplied by Sentient Machine Research and was used in the CoIL Challenge 2000. The data contains 5822 real customer records. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. The training set contains over 5000 descriptions of customers, including the information of whether or not they have a caravan insurance policy. References After under sampling, I used the technique of oversampling the number of success class observations in this training dataset and refitted my six classification models. The central idea behind their target marketing being that the penetration price pricing directly influences the conversion rate. There are a lot of factors that determine the premium of health insurance. Follow this guide for more information on how to share your data with the community. I don't have enough time write it by myself. OpenIntro documentation is Creative Commons BY-SA 3.0 licensed. Energy and Digital products are not regulated by the FCA. In 2019, 14.5% of adults aged 18-64 were uninsured at the time of interview, 20.4% had public coverage, and 67.5% had private health insurance coverage. The goal of the challenge was to predict customers who are interested in a caravan insurance policy. TICEVAL2000.txt: Dataset for predictions (4000 customer records). Use Git or checkout with SVN using the web URL. Cross-selling is one of the most successful techniques of marketing in the modern days where a company aims at selling additional products/services among existing customers. Additionally, Caravan provides code to derive meteorological forcing data and catchment attributes in the cloud, making it easy for anyone to extend Caravan to new catchments. This will load the data into a variable called Caravan. Further information on the individual variables can be obtained at http://www.liacs.nl/~putten/library/cc2000/data.html. Looks like youve clipped this slide to already. Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. We classify the broad range of 86 Moreover, other characteristics of caravan mobile home insurance buyers generally include lower level education, Income 30,000, and CoIL Challenge 2000: The Insurance Company Case. Transforming classifier scores into accurate multiclass probability estimates. Storing your caravan in a sensible place will also give you peace of mind as well as possible discounts off your annual caravan insurance. INTRODUCTION: All datasets are in tab delimited format. Test your data mining algorithm to predict who will buy caravan insurance policy The Insurance Company (TIC) Benchmark Data Card Code (6) Discussion (0) About Dataset This data set used in the CoIL 2000 Challenge contains information on customers of an insurance company. We extract and analyze the raw variables with labels and try to categorize the variables based on the See http://www.liacs.nl/~putten/library/cc2000/ The code provided in this dataset can be used to: The generated output is already in a folder structure that can be easily integrated into the existing dataset. The Caravan Insurance Challenge was posted on Kaggle with the aim in helping the marketing team of the insurance company to develop a more effective marketing strategy. The dataset that was obtained consists of 86 features, which includes insurance product usage data and social-demographic data. The dataset used is from the CoIL Challenge 2000 datamining competition. sign in Dataset imported from https://www.r-project.org. Caravan insurance is designed to protect your caravan against damage and theft. Static insurance covers permanent caravans that may be used as a residence. - Young, family starters (1) The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. On this R-data statistics page, you will find information about the Caravan data set which pertains to The Insurance Company (TIC) Benchmark. After months of planning, the caravan of immigrants began their journey from Central America to the U.S. border in October 2018. Follow to join The Startups +8 million monthly readers & +768K followers. - Middle and Upper Class, middle aged and senior citizens, high risk cultured liberal investors (8, 9, To achieve reliable data results, start by balancing data correctly based on a specific business objective before training a predictive model. InsuranceQA is a question answering dataset for the insurance domain, the data stemming from the website Insurance Library. You can read the details below. [View Context]. Published by Sentient Machine Research, Amsterdam. In 2000, a Europe insurance company that offered various insurance services including life, auto, boat insurances to a large customer faced this challenge of cross-selling where the companys newest service Caravan insurance policy turned to be disappointing in terms of sales. understanding of the insurance product and the product buyers. Why not get a cheap caravan insurance quote today and see how much you can save by following our advice? same zip code have the same sociodemographic attributes. Safety However, numerous efforts and solutions are already in place for answering this question, I tend to focus more on my second part of the analysis, which is devising a go to market strategy. We also used Ensemble methods including Bagging, Boosting and Random Forest for improving on single tree classifier models. representing the socio demographic, education, insurance interests and income levels of customers.
