Kartik Sethi. Siddhartha P. Chakrabarty

Department of Mathematics, Indian Institute of Technology Guwahati, Guwahati - 781039, Assam, India, E-mail: sethi170121021@alumni.iitg.ac.in, Department of Mathematics, Indian Institute of Technology Guwahati, Guwahati - 781039, Assam, India, E-mail: pratim@iitg.ac.in

Received infinal form on June 10, 2021

Abstract
We undertake an empirical analysis for the premium data of non-life insurance companies operating in India, in the paradigm of fitting the data for the parametric distribution of Log-normal and the extreme value-based distributions of Generalized Extreme Value and Generalized Pareto. The best fit to the data for ten companies considered is obtained for the Generalized Extreme Value distribution.

Keywords
Premium; Non-life insurance; Lognormal; Generalized Extreme Value; Generalized Pareto

Cite This Article
Kartik Sethi. Siddhartha P. Chakrabarty, Modeling Premiums of Non-life Insurance Companies in India, J.Innovation Sciences and Sustainable Technologies, 1(3)(2021), 221-237. https://doie.org/10.0608/JISST.2022214863

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