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This book reviews some of the most recent developments in neural networks, with a focus on applications in actuarial sciences and finance. It simultaneously introduces the relevant tools for developing and analyzing neural networks, in a style that is mathematically rigorous yet accessible.

Artificial intelligence and neural networks offer a powerful alternative to statistical methods for analyzing data. Various topics are covered from feed-forward networks to deep learning, such as Bayesian learning, boosting methods and Long Short Term Memory models. All methods are applied to claims, mortality or time-series forecasting.

Requiring only a basic knowledge of statistics, this book is written for masters students in the actuarial sciences and for actuaries wishing to update their skills in machine learning.

This is the third of three volumes entitled Effective Statistical Learning Methods for Actuaries. Written by actuaries for actuaries, this series offers a comprehensive overview of insurance data analytics with applications to P&C, life and health insurance. Although closely related to the other two volumes, this volume can be read independently.

Effective Statistical Learning Methods for Actuaries III: Neural Networks and Extensions

Preface. - Feed-forward Neural Networks. - Byesian Neural Networks and GLM. - Deep Neural Networks.- Dimension-Reduction with Forward Neural Nets Applied to Mortality. - Self-organizing Maps and k-means clusterin in non Life Insurance. - Ensemble of Neural Networks.-  Gradient Boosting with Neural Networks. - Time Series Modelling with Neural Networks.- References.