In the U.S., does a pricing algorithm/manual need to be "transparent" in the sense that it must follow some sort of mutiplicative/additive scheme, a la GLM estimates?
If an insurance company uses some other technique e.g. neural nets would it fly w/ regulators if it has good predictive performance?
If an insurance company uses some other technique e.g. neural nets would it fly w/ regulators if it has good predictive performance?
Techniques for ratemaking
