WorkersComp {insuranceData}

Workers Compensation

Description

Standard example in worker's compensation insurance, examining losses due to permanent, partial disability claims. The data are from Klugman (1992), who considers Bayesian model representations, and are originally from the National Council on Compensation Insurance. We consider n=121 occupation, or risk, classes, over T=7 years. To protect the data source, further information on the occupation classes and years is not available. Source: Frees, E. W., Young, V. and Y. Luo (2001). Case studies using panel data models. North American Actuarial Journal, 4, No. 4, 24-42.

Usage

data(WorkersComp)

Format

A data frame with 847 observations on the following 4 variables.

CL

a numeric vector

YR

a numeric vector

PR

a numeric vector

LOSS

a numeric vector

Details

http://instruction.bus.wisc.edu/jfrees/jfreesbooks/Regression

DataDescriptions.pdf

Source

http://instruction.bus.wisc.edu/jfrees/jfreesbooks/Regression

References

Frees E.W. (2010), Regression Modeling with Actuarial and Financial Applications, Cambridge University Press.

Examples

data(WorkersComp)
## maybe str(WorkersComp) ; plot(WorkersComp) ...