On the Usefulness of the Logarithmic Skew Normal Distribution for Describing Claims Size Data

Figure 2

Smooth histogram of the empirical Danish, Norwegian insurance data, and hospital cost (in log scale) as compared to fitted models. Pareto (dashed line), PAT (thin line), and LSN (thick line). (a) Danish insurance loss data. (b) Norwegian insurance loss data. (c) Hospital costs’ data.

(a)

(b)

(c)