Open AccessAnalysis of multi peril crop insurance loss ratiosAnalysis of multi peril crop insurance loss ratios
Author(s) -
Lina Žalgirytė,
Gediminas Račkauskas
Publication year - 2010
Publication title -
lietuvos matematikos rinkinys
Language(s) - English
Resource type - Journals
eISSN - 2335-898X
pISSN - 0132-2818
DOI - 10.15388/lmr.2010.60
Subject(s) - crop insurance , crop loss , crop , distribution (mathematics) , precipitation , dependency (uml) , environmental science , generalized pareto distribution , economics , mathematics , agriculture , statistics , agronomy , meteorology , geography , extreme value theory , computer science , biology , mathematical analysis , software engineering , archaeology
In the first part of this paper, the distribution of loss ratios for five crops was analyzed. The results show that the truncated shifted Pareto distribution can be used for crop insurance loss ratios approximation. In the second part, the relationship between weather conditions and crop insurance loss ratios was tested. Results suggest that this dependency is weak. It shows that crop insurance loss ratios are affected not only by weather conditions – monthly growing degree days and monthly precipitation – but also by other factors.