Synthetic data for ratemaking: imputation-based methods vs adversarial networks and autoencoders
This paper benchmarks Multivariate Imputation by Chained Equations (MICE) against deep generative models like Variational Autoencoders and Conditional Tabular GANs for synthetic ratemaking data, finding that MICE offers a simpler yet high-fidelity alternative that effectively preserves statistical distributions and supports robust Generalized Linear Model training.