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Patterns in the Turkish reinsurance claim data, 1998–2002: An application of the extreme value theory

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  • B. Başbuğ
  • Henry Wynn

Abstract

The devastating 1999 Marmara and Düzce earthquakes led to a significant increase in the earthquake studies in Turkey in geological, engineering and financial aspects. Extreme Value Theory (EVT) has a range of applications from stock market changes to natural disasters like floods and hurricanes. Here EVT is fitted to the ordinary and earthquake reinsurance claims of Turkey. Copyright Springer Science+Business Media B.V. 2006

Suggested Citation

  • B. Başbuğ & Henry Wynn, 2006. "Patterns in the Turkish reinsurance claim data, 1998–2002: An application of the extreme value theory," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 39(2), pages 329-342, October.
    • Handle: RePEc:spr:nathaz:v:39:y:2006:i:2:p:329-342
    DOI: 10.1007/s11069-006-0031-9
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    References listed on IDEAS

    as
    1. M. Yucemen, 2005. "Probabilistic Assessment of Earthquake Insurance Rates for Turkey," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 35(2), pages 291-313, June.
    2. Alexandra Bibbee & Rauf Gönenç & Scott Jacobs & Josef Konvitz & Robert Price, 2000. "Economic Effects of the 1999 Turkish Earthquakes: An Interim Report," OECD Economics Department Working Papers 247, OECD Publishing.
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