An algorithm for clustering of insurance products and users in a collaborative filtering-based insurance recommender system and evaluating its performance based on the insurance recommendation
Subject Areas : Intelligent Multimedia Processing and Communication Systems (IMPCS)
Marzieh
Amini Shirkoohi
1
(M.Sc. Student, Azad University Of Lahijan, Lahijan, Iran.)
Mohammadreza
Yamaghani
2
(Assistant Prof, Azad University Of Lahijan, Lahijan, Iran)
Keywords: Recommender systems, collaborative filtering, k-means clustering, insurance,
Abstract :
Introduction There are many improvements in insurance industries in these decades. So Many people refer to public and private insurance companies to get insurance services. They usually face to some challenges and issues for selecting the best and suitable insurance because of various type of insurance and lack of enough information of insurance service. Choosing the proper insurance service always related to people personal and social features Method Prediction of customer’s insurance selection according to people personal and social property especially thier financial condition play vital role. On one hand Prediction of insurance type can help people who want to utilize insurance service. On the other hand this prediction can facilitate process of insurance for Insurers too. There are multiple important mechanisms and factors like customers clustring, analyze each class feature, detection of popular insurance in each class and using Collaborative filtering technique to offer best insurance that can influence on process of decision and selection the suitable insurance. Results The total precision value of the proposed method is 89.98% for joint insurances of similar users. Also, the total value of the F-measure of the proposed method for joint insurances between similar customers is 87.13%. Discussion Customer behavior can be predicted by available data of people’s personal and social features and type of insurance that they are chosen and rate of their satisfactions. K-means clustring algorithm and recommender systems Techniques like Collaborative filtering are two significant mechanisms to implement prediction of customer’s behaviors. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
