Abstract
The devastating 1999 Marmara and Düzce earthquakes led to a significant increase in the earthquake studies in Turkey in geological, engineering and financial aspects. Extreme Value Theory (EVT) has a range of applications from stock market changes to natural disasters like floods and hurricanes. Here EVT is fitted to the ordinary and earthquake reinsurance claims of Turkey.
| Original language | English |
|---|---|
| Pages (from-to) | 329-342 |
| Number of pages | 14 |
| Journal | Natural Hazards |
| Volume | 39 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2006 |
| Externally published | Yes |
Keywords
- Earthquakes
- Paid claims
- Extreme Value Theory (EVT)
- Generalised Pareto Distribution (GPD)
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Basbug , B., & Wynn, H. (2006). Patterns in the Turkish reinsurance claims data, 1998-2002: An application of the extreme value theory. Natural Hazards, 39(2), 329-342. https://doi.org/10.1007/s11069-006-0031-9