Mini-project
Insurance
Medical insurance premium estimator
Estimate health-insurance costs from a customer's profile, and explain the price.
The brief
A health insurer wants a transparent way to estimate yearly medical costs for pricing. Model the charges from age, BMI, smoking and region, and explain how much each factor adds. Good looks like: a model with known error, a clear explanation of each factor's effect, and a quote calculator.
What you will build
- Explore costs by age, BMI, smoking and region
- Train regression models
- Explain each factor's effect
- Check the model is fair and sensible
- Build a quote calculator
Free, open data to build it with
Check each dataset's licence before you publish your work. Your mentor gives your team its own version of the brief (data, scope or region), so every team's project is its own.