Patterns in the Turkish reinsurance claims data, 1998-2002: An application of the extreme value theory

Burcak Basbug , Henry Wynn

Research output: Contribution to journalArticle

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 languageEnglish
Pages (from-to)329-342
Number of pages14
JournalNatural Hazards
Volume39
Issue number2
DOIs
Publication statusPublished - 2006
Externally publishedYes

Keywords

  • Earthquakes 
  • Paid claims
  • Extreme Value Theory (EVT) 
  • Generalised Pareto Distribution (GPD) 

Fingerprint Dive into the research topics of 'Patterns in the Turkish reinsurance claims data, 1998-2002: An application of the extreme value theory'. Together they form a unique fingerprint.

  • Cite this