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

B. Başbuğ () and Henry Wynn ()

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2006, vol. 39, issue 2, 329-342

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. Copyright Springer Science+Business Media B.V. 2006

Keywords: Earthquakes; Paid claims; Extreme Value Theory (EVT); Generalised Pareto Distribution (GPD) (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/s11069-006-0031-9

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