Insurance premium Calculator Jayant Kumar

Health Insurance Premium Calculator using Machine

Learning, Artificial Intelligence and BlockChain
Business Problem

An insurance company ABC Health insurance (Name

demonstration only) wants to improve the business
in terms of its cash flow by forecasting better
predicting patient charges using social , regional ,
locality , demographic and basic patient health risk
metrics at the time of hospitalization.

Can be utilized

• During joining or buying insurance

• During hospitalization the prediction of bill cap

 Impacting Factor
Major factors on which decision has been taken :

A. Patient health history

B. Hospitalization and surgery history

C. Geographical area

D. Family health history

E. Demographic Factor

F. Region and Society

G. Eating Habit

H. Exercise/Yoga habit

I. Social Behavior

J. Job Risks Stress

Delivery/Presentation/Data-Flow Model

There are certain Input parameter need to

be taken from user in the form of web input
for or JSON as rest client.

Date received either from Web form or

JSON will be forwarded to server side then
after evaluating data set will be forwarded
to ML algorithm as input parameter.

After statics analysis based on data set ML

algorithm will return set of value that will be
passed to user client.
 Technologies (design/Development/Deployment)
Technologies selection can be divided in 3 areas

AI/ML Statics Logics and Algorithm

A. Python based Algorithm – PyCaret (accept dataset in form of csv or

GraphQL)

B. Data transformer from relational object to statics object

Web framework

C. Flask

Deployment and Version Control

D. GitHub & AWS EC2

Task List Flow

• Train and validate models and develop a machine learning pipeline for deployment.

• Build a basic HTML front-end with an input form for independent variables (age, sex, geography, medical Hustory,
genetic history, bmi, children, smoker, region).

• Build a back-end of the web application using a Flask Framework.

• Code versioning with GitHub.

• Deploy the web app on AWS. Once deployed, it will become publicly available and can be accessed via Web URL.
Future Implication

Future Business requirement would be to

read facial expression during data collection
process by doing some activities and
measure Stress for further stress
management strategies to be used for
mental illness. That need Artificial Intelligence
algorithm design and implementation.

Another one is find genetical problems and

disorder for family member by use of
Blockchain implementation that will help to
measure any genetically disorder.
 Welcome and greatful to listen me. Waiting

Thanks for your question and feedback to improve

system and let this go to next level of
discussion.

Reach me on jayant14.kumar@nttdata.com
Jayant Kumar