Aanlysis of Swedish Motor Insurance using R
Swedish Motor Insurance
Project Submitted By: Joginder
The data gives the details of third party motor insurance claims in Sweden for the year 1977. In Sweden, all motor insurance companies apply identical risk arguments to classify customers, and thus their portfolios and their claims statistics can be combined. The data were compiled by a Swedish Committee on the Analysis of Risk Premium in Motor Insurance. The Committee was asked to look into the problem of analyzing the real influence on the claims of the risk arguments and to compare this structure with the actual tariff.
Variable Description Kilometers = Kilometers travelled per year 1: < 1000 2: 1000-15000 3: 15000-20000 4: 20000-25000 5: > 25000 Zone = Geographical zone 1: Stockholm, Göteborg, and Malmö with surroundings 2: Other large cities with surroundings 3: Smaller cities with surroundings in southern Sweden 4: Rural areas in southern Sweden 5: Smaller cities with surroundings in northern Sweden 6: Rural areas in northern Sweden 7: Gotland Bonus = No claims bonus; equal to the number of years, plus one, since the last claim Make = 1-8 represents eight different common car models. All other models are combined in class 9. Insured = Number of insured in policy-years Claims = Number of claims Payment = Total value of payments in Skr (Swedish Krona)