arXiv Machine Learning By Ronald Richman

Scaling Laws, Tabular Data and Actuarial Ratemaking Models

Read the original on arXiv Machine Learning →

The paper studies whether scaling laws similar to those in deep learning apply to actuarial ratemaking with tabular data. Using a motor insurance portfolio, it trains various model families on increasing data fractions and evaluates out‑of‑sample Poisson deviance. Results show all models improve with more data, but TabM outperforms Transformers and MLPs in data scaling, while Transformers need inductive biases to scale effectively.

Machine-generated by The Flow from the publisher's headline and feed description — not written or checked by a human. The full article lives at arXiv Machine Learning.

arXiv Machine Learning
Oct 12

Is TabPFN the Silver Bullet for Insurance Pricing?

The paper evaluates TabPFN, a tabular foundation model, for motor insurance pricing by comparing it to generalized linear models (GLMs) and XGBoost on two motor third‑party liability datasets. Results show that TabPFN does not consistently outperform GLMs: it lags on claim frequency, especially when the in‑context training set is small, but performs competitively on claim severity where data are limited. Additionally, TabPFN’s inference times are substantially longer than those of the baseline methods.

By Bruno Deprez, Wouter Verbeke, Tim Verdonck
arXiv AI
Aug 11

Tabular Numeric Stretch Transformation

arXiv:2608. 09162v1 Announce Type: cross Abstract: Tabular data presents unique challenges for deep learning due to its heterogeneous nature, where numeric features exhibit diverse distributions, scales, and statistical properties.

By Zihao Ye, Juyong Kim, Johnna Sundberg, Burak Varici, Pradeep Ravikumar
arXiv Machine Learning
Oct 21

Foundations of the Scaling Law

arXiv:2610.27789v1 Announce Type: new Abstract: Empirical scaling laws relate validation loss to model size, training exposure and compute, providing a quantitative basis for allocating resources. Th...

By Tianyu Zhao, Zhixiang Ren