Research on the UBI Car Insurance Rate Determination Model Based on the CNN-HVSVM Algorithm

With the support of Internet of Vehicles technology, UBI (Usage Based Insurance) car insurance rate determination has certain guiding significance for achieving accurate pricing of car insurance rates and satisfying the personalized needs of users. Based on the CNN (Convolutional Neural Networks) algorithm and SVM (Support Vector Machine) algorithm, this paper establishes a rating model for UBI car insurance rates. The model first performs a series of operations such as convolutions, pooling and nonlinear activation function mapping using the CNN algorithm so that it can extract the features from the driving behavior data of UBI customers. Then, it introduces the Hull Vector to optimize the operating efficiency of the SVM algorithm. The HVSVM (Hull Vector Support Vector Machine) algorithm classifies customers according to their driving behavior, and thus obtains UBI customer car insurance rate grades. Therefore, this paper proposes a UBI car insurance rate grade determination model based on the CNN-HVSVM algorithm. The empirical results of the model show that the CNN-HVSVM algorithm has higher discrimination accuracy in the risk rating process of UBI customer driving behavior than the CNN algorithm, BP neural network algorithm and SVM algorithm; and when dealing with large training sets, it has a speed advantage over the CNN-SVM algorithm. Furthermore, it is easy to realize in the process of establishing the UBI car insurance rate determination model and it has good robustness, which can adapt to diverse data sets, thus achieving better results in the car insurance rate determination process. Therefore, the CNN-HVSVM model can predict the grade of UBI car insurance users more accurately and efficiently, and the prediction results are more consistent with the actual situation, which has strong applicability and flexibility. The UBI car insurance premium rate determination model based on the CNN-HVSVM algorithm can determine driver behavior more fairly and reasonably, and has certain practical significance for promoting car insurance rate market reform, which can better promote future UBI research work.