Research Article
Assessing the Performance of the Discrete Generalised Pareto Distribution in Modelling Non-Life Insurance Claims
Table 7
AIC statistics for the negative binomial and DGP.
| | Distribution | 2012 | 2013 | 2014 | 2015 | 2016 |
| | Reported claims | | Negative binomial model | 329.0927 | 366.1941 | 343.5535 | 352.7973 | 372.5812 | | DGP model | 55.9362 | 55.9999 | 55.9998 | 55.9999 | 55.9972 |
| | Settled claims | | Negative binomial model | 274.8660 | 259.0694 | 269.3573 | 277.0937 | 284.2884 | | DGP model | 57.9813 | 57.9958 | 57.9476 | 57.9653 | 57.8863 |
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