Data Science Challenge 2022
Are you up to the task?
In this first UNIQA Data Science Challenge of 2022, we want to explore pricing!
When building their insurance tariffs actuaries around the world need to create many complex models using GLM/GAMM techniques. Typically, when predicting insurance risk, they try to model the expected number of claims (“loss frequency”) and the average claim amount (“loss severity”) separately.
Most complex models can have hundreds of transformations of features, so there is always the question: have we found all relevant ones? Or how much more is still unexplained by the model relative to the best possible model?
How it works
We provide you with the dataset and the output of our GLM model (as one of the variables). The dataset to be used for the analysis will be made available online. The links will be published on our web page at the beginning of the challenge (1st March 2022).
Your task is to propose a XAI-class (explainable AI) model that performs better than our GLM model. Your model should be both accurate and needs to be able to explain its predictions (per observation).
Am I allowed to participate?
The competition is open to all interested persons of legal age which can participate individually or as a group. Groups may consist of a maximum of 3 people. All participants competing for the main prizes must be enrolled at a European university with a valid university email address or proof of current study at the time of submission and must not exceed the age of 30. All other participants who are either over 30 and/or do not have a valid mail address (or proof of current study) of a European university are welcome to take part in the challenge but out of competition for the cash prizes.
What can I win?
The following prizes will be awarded to the first 3 places among all participants who meet all the requirements as specified above:
🥇 1st place 1.500 EUR
🥈 2nd place 1.000 EUR
🥉 3rd place 500 EUR
Additionally, the participant with the “most predictive model” (first criterion of the evaluation) will be awarded a trip for two persons to the 2022 WeAreDevelopers World Congress in Berlin including:
- 2 tickets for the Congress on 14-15 June 2022
- Economy flight ticket or equivalent train ticket depending on the location of the winner
- 2 nights’ stay in a 4 stars hotel (double room) with breakfast included
If you are a contender for one of the main prizes, we will be in touch at the end of the competition to verify eligibility.