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

Table 8

BIC statistics for the negative binomial and DGP.

Distribution	2012	2013	2014	2015	2016
Reported claims
Negative binomial model	331.5304	368.6319	345.9913	355.2351	375.0189
DGP model	57.1299	57.1936	57.1935	57.1936	57.1909
Settled claims
Negative binomial model	277.3822	261.5856	271.8735	279.6099	286.8046
DGP model	59.1750	59.1895	59.1413	59.1590	59.0800