Abstract
Alexander McNell's (1996) study of the Damsh data on large fire insurance losses provides an excellent example of the use of extreme value theory in an important application context. We point out how several alternate statistical techniques and plotting devices can buttress McNell's conclusions and provide flexible tools for other studies.
Volume
27:1
Page
139-151
Year
1997
Categories
Financial and Statistical Methods
Statistical Models and Methods
Data Visualization
Financial and Statistical Methods
Loss Distributions
Extreme Values
Financial and Statistical Methods
Extreme Event Modeling
Other Extreme Events
Business Areas
Fire and Allied Lines
Practice Areas
International Areas
Publications
ASTIN Bulletin
