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.

Usage

data(motorins)

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.


[Package faraway version 1.0.4 Index]