2. INTRODUCTION
• Risk and uncertainty have become common factor toward incidents and
may become burden to people
• Insurance Recommender System is a recommender system that shows
the suitable insurance policies to the user.
• Ranking the insurance policy based on criteria provided.
3. PROBLEM STATEMENT
• People confuse about the insurance policies
• Hard to manage meet-up with insurance agents for busy worker
4. OBJECTIVES
The objectives of developing this system are:
• To design a system for recommending insurance policy to the user..
• To develop an insurance recommender system using TOPSIS method.
• To test an insurance recommender system.
5. SCOPE
1.Admin :
• Able to manage agent .
• Able to view all report
2.User :
• Able to search for insurance policies based on the criteria provided.
• Able to register and login into system.
• Able to update profile
• Able to view policy list.
• Able to make appointment
• Able to give rating
6. 3.Agent:
• Able to register and login into system
• Able to update profile
• Able to manage policy
• Able to set appointment detail
• Able to view user information
40. Weightage 0.25 0.25 0.25
Criteria Price Annual Claim Lifetime Claim
Plan A 0.38 0.33 0.27
Plan B 0.51 0.52 0.53
Plan C 0.77 0.8 0.8
TOPSIS TECHNIQUE
Price Annual Claim Lifetime Claim
Plan A 150₂ 75₂ 300₂
Plan B 200₂ 120 ₂ 600₂
Plan C 300₂ 180₂ 900₂
Root Summation 390.51 228.97 1122.5
Step 1: Calculate Normalize Decisi
on Matrix
41. Step 2: Calculate Weighted Normali
sed Matrix
Weightage 0.25 0.25 0.25
Criteria Price Annual Claim Lifetime Claim
Plan A 0.38*0.25 0.33*0.25 0.27*0.25
Plan B 0.51*0.25 0.52*0.25 0.53*0.25
Plan C 0.77*0.25 0.8*0.25 0.8*0.25
Criteria Price Annual Claim Lifetime Claim
Plan A 0.095 0.0825 0.0675
Plan B 0.1275 0.13 0.1325
Plan C 0.1925 0.2 0.2
Best (V+) 0.095 0.2 0.2
Worst (V-) 0.1925 0.0825 0.0675
Step 3: Choose the Best and Worst Ideal
42. Step 4: Choose the Euclidian Distance For T
he Best and Worst Ideal
Criteria Price Annual Claim Lifetime Claim S+ S-
Plan A 0.095 0.0825 0.0675 0.1772 0.0975
Plan B 0.1275 0.13 0.1325 0.1025 0.1035
Plan C 0.1925 0.2 0.2 0.0975 0.1771
Best (V+) 0.095 0.2 0.2
Worst (V-) 0.1925 0.0825 0.0675
Criteria Price Annual
Claim
Lifetime
Claim
S+ S- S+ + S- P Rank
Plan A 0.095 0.0825 0.0675 0.1772 0.0975 0.2747 0.3549 3
Plan B 0.1275 0.13 0.1325 0.1025 0.1035 0.206 0.5024 2
Plan C 0.1925 0.2 0.2 0.0975 0.1771 0.2746 0.6449 1
Step 5: Calculate the performan
ce score