Modeling insurance claims using Bayesian nonparametric regression
Fig 5
Comparison of predictive and observed distributions of log(claim amounts) across six models for the French insurance dataset.
Each panel displays the model’s predictive density (red line) and the observed distribution of log(claim amounts) (blue histogram) for a test subgroup with car age = 9 and driver age = 38 in the French motor claims severity dataset. Each panel title indicates the corresponding model.