Claims {ssym}

Personal Injure Insurance

Description

This data set contains information on 540 settled personal injury insurance claims from an Australian insurance company, which is a sample of the original data set. These claims had legal representation were obtained for accidents that occurred from January 1998 to June 1999.

Usage

data(Claims)

Format

A data frame with 540 observations on the following 2 variables.

total

amount of paid money by an insurance policy in thousands of Australian dollars.

accmonth

month of occurrence of the accident coded 103 (January 1998) through to 120 (June 1999).

op_time

operational time in percentage.

References

de Jong P, Heller GZ. Generalized Linear Models for Insurance Data. Cambridge University Press: Cambridge, England, 2008.

Paula, G.A., Leiva, V., Barros, M. and Liu, S. (2012) Robust statistical modeling using the Birnbaum-Saunders-t distribution applied to insurance distribution, Applied Stochastic Model in Business and Industry, 28:16-34.

Examples

data("Claims", package="ssym")
plot(Claims$op_time, Claims$total, type="p", cex=0.3, lwd=3,
     ylab="Amount of paid money", xlab="Operational time",
	 main="Personal Injure Insurance Data")