July 2021 Applying of the Extreme Value Theory for determining extreme claims in the automobile insurance sector: Case of a China car insurance
Daouda Diawara, Ladji Kane, Soumaila Dembele, Gane Samb Lo
Afr. Stat. 16(3): 2883-2909 (July 2021). DOI: 10.16929/as/2021.2883.188

Abstract

According to the Chinese Health Statistics Yearbook, in 2005, the number of traffic accidents was 187781 with total direct property losses of 103691.7 (10000 Yuan). This research aims to fill the gap in the literature by investigating the extreme claim sizes not only for the entire portfolio. This empirical study investigates the behavior of the upper tail of the claim size by class of policyholders.

Selon l'annuaire statistique de la santé pour la Chine en 2005, le nombre d'accidents de la circulation était de 187781 avec des pertes totales directes de biens de 103691.7 (10000 Yuan). Cette recherche vise à combler le vide dans la littérature en étudiant les montants extrêmes des sinistres pour l'ensemble du portefeuille. Cette étude empirique examine le comportement de la queue supérieure de la taille des sinistres par catégorie d'assurés.

Citation

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Daouda Diawara. Ladji Kane. Soumaila Dembele. Gane Samb Lo. "Applying of the Extreme Value Theory for determining extreme claims in the automobile insurance sector: Case of a China car insurance." Afr. Stat. 16 (3) 2883 - 2909, July 2021. https://doi.org/10.16929/as/2021.2883.188

Information

Published: July 2021
First available in Project Euclid: 20 January 2022

Digital Object Identifier: 10.16929/as/2021.2883.188

Subjects:
Primary: 62-07
Secondary: 60G70 , 62G32

Keywords: China car insurance , Extreme value theory , POT , threshold

Rights: Copyright © 2021 The Statistics and Probability African Society

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Vol.16 • No. 3 • July 2021
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