cins {GLMsData}

Canadian car insurance data

Description

Details of the Canadian car insurance industry

Usage

data(cins)

Format

A data frame with 20 observations on the following 6 variables.

Merit

the merit rating; a factor with levels Merit3 (licensed and accident free 3 or more years), Merit2 (licensed and accident free 2 or more years), Merit1 (licensed and accident free 1 or more years), Merit0 (all others)

Class

the vehicle class; a factor with levels Class1 (pleasure, no male operator under 25), Class2 (pleasure, non-principal male operator under 25), Class3 (business use), Class4 (unmarried owner or principal operator under 25), Class5 (married owner or principal operator under 25)

Insured

the earned car-years; a numeric vector

Premium

earned premiums in 1000s of dollars (adjusted to equivalent 2001 rates); a numeric vector

Claims

the number of claims; a numeric vector

Cost

total cost of the claim in 1000s of dollars; a numeric vector

Details

The data are for all of Canada except Saskatchewan, and refer to private passenger automobile liability for non-farmers. The data are for policy years 1956 and 1957, as of 30 June 1959.

Source

The data was downloaded from OzDASL http://www.statsci.org/data/general/carinsca.html where it was prepared by Gordon Smyth from Bailey and Simon (1960).

References

Robert A. Bailey and LeRoy J. Simon (1960) Two studies in automobile insurance ratemaking. ASTIN Bulletin, I(IV):192-217.

Examples

data(cins)
summary(cins)