motorins {faraway}R Documentation

Third party motor insurance claims in Sweden in 1977

Description

In Sweden all motor insurance companies apply identical risk arguments to classify customers, and thus their portfolios and their claims statistics can be combined. The data were compiled by a Swedish Committee on the Analysis of Risk Premium in Motor Insurance. The Committee was asked to look into the problem of analyzing the real influence on claims of the risk arguments and to compare this structure with the actual tariff.

Format

A data frame with 1797 observations on the following 8 variables.

Kilometres

an ordered factor representing kilomoters per year with levels 1: < 1000, 2: 1000-15000, 3: 15000-20000, 4: 20000-25000, 5: > 25000

Zone

a factor representing geographical area with levels 1: Stockholm, Goteborg, Malmo with surroundings 2: Other large cities with surroundings 3: Smaller cities with surroundings in southern Sweden 4: Rural areas in southern Sweden 5: Smaller cities with surroundings in northern Sweden 6: Rural areas in northern Sweden 7: Gotland

Bonus

No claims bonus. Equal to the number of years, plus one, since last claim

Make

A factor representing eight different common car models. All other models are combined in class 9

Insured

Number of insured in policy-years

Claims

Number of claims

Payment

Total value of payments in Skr

perd

payment per claim

Source

http://www.statsci.org/data/general/motorins.html

References

Hallin, M., and Ingenbleek, J.-F. (1983). The Swedish automobile portfolio in 1977. A statistical study. Scandinavian Actuarial Journal, 49-64.


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