Norwegian fire insurance dataset

This dataset comprises 9181 fire losses over the period 1972 to 1992 from an unknown Norwegian company. A priority of 500 thousands of Norwegian Krone (NKR) was applied to get this dataset.

Usage

data(norfire)

Format

norfire contains three columns:

Year

The year of claim occurence.

Loss

The total loss amount NKR thousands.

Loss2012

The total loss amount in thousands of 2012 Norwegian Krone, inflated using the Norwegian CPI.

Source

https://lstat.kuleuven.be/

References

Beirlant, Teugels and Vynckier (1996), Practical Analysis of Extreme Values, Leuven University Press, https://www.jstor.org/stable/2236602.

Beirlant, Matthys and Diercks (2001), Heavy-tailed distributions and rating, ASTIN Bulletin, Vol. 31, Issue 1, doi:10.2143/AST.31.1.993 .

Beirlant, J., Goegebeur, Y., Segers, J. and Teugels, J. L. (2004) Statistics of Extremes: Theory and Applications., Chichester, England: John Wiley and Sons, doi:10.1002/0470012382 .

Examples

# (1) load of data
#
data(norfire)

# (2) plot and description of data
#

boxplot(Loss ~ Year, data= norfire, log="y", xlab="Year", 
ylab="Claim size", main="Norwegian fire dataset")