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 Caravandata set is found in the ISLRR package. same zip code have the same sociodemographic attributes. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) to find out more. There are two go to marketing strategies that COIL can use. On this R-data statistics page, you will find information about the Caravandata set which pertains to The Insurance Company (TIC) Benchmark. The . To get an understanding of the features and data types associated with these features, I have included summary of the dataset and sample of the dataset in my Jupyter notebook document. If you need to download R, you can go to the R project website. Use Git or checkout with SVN using the web URL. K6255 Knowledge Discovery and Data Mining Additionally, the cost factor associated with all my models is more important than the corresponding performance measures, as costs of False Positives and False Negatives in this business case is nowhere close to equal. We found that caravan insurance buyers are likely to live in wealthy area. Rented house, in the zipcode area of the customer. If R says the Caravan data set is not found, you can try installing the package by issuing this command install.packages("ISLR") and then attempt to reload the data. Global businesses and organizations buy Healthcare Marketing Data from . interested in buying caravan insurance and predict a model with the given 86 variable values Learn faster and smarter from top experts, Download to take your learnings offline and on the go. 2018. June 22, 2000. 1-2, pp. Compute static catchment attributes on Google Earth Engine. The data was supplied by the Dutch data mining company Sentient Machine Research and is based on a real world business problem. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. A global community dataset for large-sample hydrology. Learn more. How To Reimage Your Computer Windows 10 - How to check the Windows 10 Creators Update is installed - How to reimage a mac computer. Remember, caravan insurance covers you for more than just the caravan itself. Each record Work fast with our official CLI. Using this analysis, I suggest situation based models to apply based on their costs and different go to market strategies. The complete dataset has 9822 rows and 86 column headings. Statistical Analysis of Caravan Insurance using IBM SPSS KDD. Additional security and safe storage are great for when your caravan is not is use but what about when youre towing your caravan? . For my later part of the analysis, I used the aforementioned classification models to devise an optimal go to market strategy depending on. CoIL Challenge 2000: The Insurance Company Case. The sociodemographic Also a Leiden Institute of Advanced Computer Science Technical Report 2000-09. Examples, The data contains 5822 real customer records. [View Context]. You can load the Caravandata set in R by issuing the following command at the console data("Caravan"). be obtained at http://www.liacs.nl/~putten/library/cc2000/data.html. Work fast with our official CLI. 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. Science Technical Report 2000-09. A test set contains 4000 customers of whom only the organisers know if they have a caravan insurance policy. A Bias-Variance Analysis of a Real World Learning Problem: The CoIL Challenge 2000. Note: All the variables starting with M are zipcode variables. The Insurance Company (TIC) Benchmark Description The data contains 5822 real customer records. 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. looking for misconfigured or infected devices. For more information on customizing the embed code, read Embedding Snippets. The first being to target a very narrow set of customers with high penetration pricing to have a very high conversion rate. - Young, family starters (1) The purpose of this repository is twofold: See "Extend Caravan" for a detailed description about how to extend Caravan to any new region/basin with the code provided in this repository. See So if you want to learn how we can . Contents Coverage Every policy has a different level of contents insurance. 2.1. Thirdly, the raw dataset and the feature scaled dataset . Data Mining of Caravan Insurance Data Set Using R. Use Git or checkout with SVN using the web URL. sign in They give information on the distribution of that variable, e.g. Firstly, the Health Cost Insurance dataset is extracted from UCI machine repository and the data is preprocessed along with exploratory data analysis. CUST_SUB_LIFESTYLE_REFLECTION: The second is where the company markets to a wider consumer base with a lower penetration pricing relying to law of large numbers. 177-195, Kluwer Academic Publishers North Penn Networks Limited Storage The data was generously contributed by one global reinsurance companyand two large Lloyd's syndicates in London. This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. Information about customers consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. OpenIntro documentation is Creative Commons BY-SA 3.0 licensed. Taking some extra precautions can reduce your premium considerably, so read on for our top tips to keep your insurance as cheap as possible. Caravan insurance can cover electrical equipment that is part of the caravan - not those bought separately. Of course, accidents happen and they can be costly, so making a claim may be your only option, but its well worth taking extra care to ensure accidents dont happen in the first place. Caravan is an open community dataset of meteorological forcing data, catchment attributes, and discharge data for catchments around the world. 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. TICEVAL2000.txt: Dataset for predictions (4000 customer records). Also a Leiden Institute of Advanced Computer October 26, 2021. When your caravan is being towed, your car insurance policy often only extends to third party cover, so any damage to the caravan itself would be covered under your caravan insurance. P. van der Putten and M. van Someren. 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. The goal is to apply KNN to the Caravan dataset from the ISLR package. Stay claim free If you can store your caravan at home, make sure its behind locked gates or a drivepost that prevent thieves from towing the caravan away. 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. The data consists of 86 variables and includes product usage data and socio-demographic data derived from zip area codes. Registered in England No. A simple alarm, for example, can save you 5% off your premium. The unique Ray ID for this page is: 7a27d02e1dc5c268. Bianca Zadrozny and Charles Elkan. product usage data and socio-demographic data derived from zip area codes supplied by the Dutch It is further divided into a training set (5822 observations) and a test set (4000 observations). The corresponding data visualizations can be observed in the uploaded jupyter notebook. The value of your caravan: The replacement or repair cost . All Rights Reserved,