Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Table 1: Features of various datasets

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Fig 1:Feature engineering process

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Fig2:Model Building and Testing Architecture

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Fig3: Modified MVG

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Fig4. Functionality of Boosting

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Fig5. Functionality of Bagging using Random Forest

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Table 2: Performance of models on Dataset 2

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Table 3: Performance of models on Dataset 4

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Table 4: Area under Curve (AUC) for the above ROC

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Fig6. Model Performances for Different Beta Values

Comparative Analysis of Machine Learning Techniques for Detecting Insurance Claims Fraud

Table 5: Performance of Various Models

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