Assessing the Performance of the Discrete Generalised Pareto Distribution in Modelling Non-Life Insurance Claims

Table 6

Parameter estimates from DGP.

Variable	Estimator	2012	2013	2014	2015	2016
Reported claims		7.3983	4.8507	5.8075	6.2320	2.2437
	s.e	(3.4175)	(3.9254)	(3.8876)	(5.6555)	(2.2000)
		0.0128	0.0044	0.0020	0.0013	0.0102
	s.e	(0.0104)	(0.0011)	(0.0019)	(0.0010)	(0.0017)
		3.3700	2.7590	2.8036	2.4566	4.9025
	s.e	(0.1318)	(0.8976)	(0.0106)	(0.0829)	(2.3947)
Settled claims		3.5866	3.3776	4.6485	3.6443	3.0205
	s.e	(1.0333)	(0.1015)	(3.4941)	(0.6387)	(2.5885)
		3.4157	2.9258	2.0675	2.3356	0.1121
	s.e	(0.0532)	(0.0200)	(0.0235)	(0.0064)	(0.0311)
		3.4015	9.4855	3.1532	3.1127	2.8593
	s.e	(0.9538)	(3.0089)	(0.2831)	(1.5265)	(0.9741)