The purpose of the seminar is to establish the possible steps from data collection to pricing in order to highlight both the unique challenges as well as opportunities of usage-based insurance (UBI). To this end, a possible pipeline from data collection and feature engineering to risk profiling and finally pricing will be central to this training, but an outlook toward actual motor pricing that incorporates telematic observables is included as well.
The topic is broken down into an introduction of general concepts and some aspects from the relevant literature, a chapter on data collection and preprocessing, a chapter on feature engineering incorporating the unique sensor qualities in play and a chapter on evaluating risk with telematic risk measures extracted from driving data.