Natural Hazards

, Volume 39, Issue 2, pp 329–342 | Cite as

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

  • B. Burçak Başbuğ
  • Henry P. Wynn
Research Article


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.


Earthquakes Paid claims Extreme Value Theory (EVT) Generalised Pareto Distribution (GPD) 


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Copyright information

© Springer Science+Business Media B.V. 2006

Authors and Affiliations

  1. 1.Department of StatisticsLondon School of EconomicsLondonUnited Kingdom

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