Empirical Analysis of Claims Development Trapezoids following Benford's Law

Jochen Heberle, Tobias Gummersbach
2018 Financial Statistical Journal  
In this paper we make an empirical analysis of a wide range of claims developmenttrapezoids following Benford's law. In particular we determine Benfors's law fordifferent characteristic factors depending on claims development triangles/trapezoids.These characteristic factors are the cumulative claims payments, the incrementalclaims payments and the individual development factors. For each characteristic factor hypothesis testing is done for verifying/rejecting Benford's law.
doi:10.24294/fsj.v1i2.420 fatcat:wh5ellzdofcn5afndl3t2sehky