DocumentCode
2289258
Title
The application of improved BP algorithm in customer classification of life insurance
Author
Bi Xing ; Jian Li ; Huang Feng-wen
Author_Institution
Sch. of Manage., Tianjin Univ., Tianjin, China
fYear
2009
fDate
14-16 Sept. 2009
Firstpage
1269
Lastpage
1275
Abstract
With the development of the Internet, insurance selling on the Internet becomes a good chance for most companies. We have seen that property insurance have realized selling on the Internet, but for the life insurance, there isn´t any improvement in these years. One factor can explain this phenomenon: life insurance is too profession for customer to comprehension. So selling life insurance on the Internet develops very slowly. In this paper, in order to realize the auto sorting function for life insurance product, we give an improved backpropagation (BP) model, as long as the customer put their information into the model, we can get the product that most suit for them. The model avoids the character of profession for life insurance efficiently, so it becomes possible for life insurance selling on Internet.
Keywords
Internet; backpropagation; insurance; Internet; backpropagation algorithm; insurance customer classification; life insurance selling; Classification algorithms; Conference management; Engineering management; Feedforward systems; Financial management; Insurance; Internet; Research and development management; Technology management; Testing; improved BP model; insurance customer classification; insurance marketing; life insurance product;
fLanguage
English
Publisher
ieee
Conference_Titel
Management Science and Engineering, 2009. ICMSE 2009. International Conference on
Conference_Location
Moscow
Print_ISBN
978-1-4244-3970-6
Electronic_ISBN
978-1-4244-3971-3
Type
conf
DOI
10.1109/ICMSE.2009.5318101
Filename
5318101
Link To Document