An efficient machine learning approach An efficient machine learning approach

Machine Learning (ML) is a rapidly developing technology with applications in a wide variety of areas. This technology has great potential in the efficient evaluation (and hedging) of large complex portfolios arising in the insurance industry. For example, we estimate a portfolio of 200,000 variable annuity contracts which would require 1.5 years to risk-analyze using standard techniques whereas the machine learning approach we describe here takes 1.5 hours!