---
title: Explainable ML Methods for Actuarial Problems
url: https://www.ml-quant.com/papers/repec/gam-jmathe-v-11-y-2023-i-14-p-3088-d-1193020/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:gam:jmathe:v:11:y:2023:i:14:p:3088-:d:1193020
source_url: https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fwww.mdpi.com%2F2227-7390%2F11%2F14%2F3088%2Fpdf%3Bh%3Drepec%3Agam%3Ajmathe%3Av%3A11%3Ay%3A2023%3Ai%3A14%3Ap%3A3088-%3Ad%3A1193020
featured: 2023-07-19
citations: unknown
topic: Risk, Credit & Banking
---


# Explainable ML Methods for Actuarial Problems

The article examines different explainable AI methods for data-based insurance issues, highlighting the need for accurate and understandable machine-learning solutions.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=https%3A%2F%2Fwww.mdpi.com%2F2227-7390%2F11%2F14%2F3088%2Fpdf%3Bh%3Drepec%3Agam%3Ajmathe%3Av%3A11%3Ay%3A2023%3Ai%3A14%3Ap%3A3088-%3Ad%3A1193020
- Identifier: RePEc:gam:jmathe:v:11:y:2023:i:14:p:3088-:d:1193020
- Released: 2023-07-19
- First featured: Quant Letter No. 8 (2023-07-19): https://www.ml-quant.com/issues/2023-07-19/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking

## Related

- [An Interpretable Deep Learning Model for General Insurance Pricing](https://www.ml-quant.com/papers/arxiv/2509.08467/): The paper presents the Actuarial Neural Additive Model, a transparent deep learning model for insurance pricing that provides superior prediction accuracy and full transparency in its internal workings.
- [Calibrating Distribution Models from PELVE](https://www.ml-quant.com/papers/arxiv/2204.08882/): PELVE converts VaR to ES and provides insights on distribution models for insurance.
- [Causal Inference for Banking Finance and Insurance A Survey](https://www.ml-quant.com/papers/arxiv/2307.16427/): The paper reviews 37 studies on the use of causal inference in banking, finance, and insurance from 1992 to 2023, categorizing them and discussing the statistical methods used, while highlighting that this application is still in its infancy.
- [Insurance pricing on price comparison websites via reinforcement learning](https://www.ml-quant.com/papers/arxiv/2308.06935/): The paper presents a new reinforcement learning framework for insurers to develop better pricing strategies on price comparison websites, proving its effectiveness over existing methods in terms of sample efficiency and cumulative reward.
- [Ensemble distributional forecasting for insurance loss reserving](https://www.ml-quant.com/papers/arxiv/2206.08541/): The paper introduces a framework for combining multiple stochastic loss reserving models, which performs better than traditional strategies and equally weighted ensembles, taking into account the full distributional properties of the ensemble.
- [On Risk Management of Mortality and Longevity Capital Requirement: A Predictive Simulation Approach](https://www.ml-quant.com/papers/ssrn/4580817/): A paper suggests using a simulation approach with mortality-linked securities and stochastic mortality rates to manage capital risk in the insurance industry and meet regulatory capital requirements.
