carinsca: Canadian Automobile Insurance Claims for 1957-1958

In knygren/glmbayes: Bayesian Generalized Linear Models (iid Samples)

Description

The data give the Canadian automobile insurance experience for policy years 1956 and 1957 as of June 30, 1959. The data includes virtually every insurance company operating in Canada and was collated by the Statistical Agency (Canadian Underwriters' Association - Statistical Department) acting under instructions from the Superintendent of Insurance. The data given here is for private passenger automobile liability for non-farmers for all of Canada excluding Saskatchewan.

Usage

data(carinsca)

Format

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

Merit

Merit Rating:
3 - licensed and accident free 3 or more years
2 - licensed and accident free 2 years
1 - licensed and accident free 1 year
0 - all others

Class

1 - pleasure, no male operator under 25
2 - pleasure, non-principal male operator under 25
3 - business use
4 - unmarried owner or principal operator under 25
5 - married owner or principal operator under 25

Insured

Earned car years

Premium

Earned premium in 1000's
(adjusted to what the premium would have been had all cars been written at 01 rates)

Claims

Number of claims

Cost

Total cost of the claim in 1000's of dollars

Details

One could apply Poisson regression to the number of claims and gamma regression to the cost per claim.

Source

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

References

Data downloaded from http://www.statsci.org/data/general/carinsca.html.
That site also contains classical Poisson and Gamma regression examples.

Examples

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

knygren/glmbayes documentation built on Sept. 4, 2020, 4:39 p.m.