TASK:

Model the number of claims and the amount of each claim.

Name:

Third Party Motor Insurance in Sweden

Description:

The data give details of third party motor insurance claims in Sweden for the year 1977. 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:

- Kilometres
Kilometres travelled per year
1: < 1000
2: 1000-15000
3: 15000-20000
4: 20000-25000
5: > 25000

- Zone
Geographical zone
1: Stockholm, Göteborg, Malmö 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
1-8 represent 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

Make 4 is the Volkswagen 1200, which was discontinued shortly after 1977. The other makes could not be identified because of the potential for the data to impact on sales of those cars.

Source:

- Hallin, M., and Ingenbleek, J.-F. (1983). The Swedish automobile portfolio in 1977. A statistical study. Scandinavian Actuarial Journal, 49-64. The actual data are not listed in this paper.

- Andrews, D. F., and Herzberg, A. M. (1985). Data. A collection of problems from many fields for the student and reseach worker. Springer, New York, pages 413-421. Only the data from Zone 1 are listed.