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 |
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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)