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Empirical Analysis of Claims Development Trapezoids following Benford’s Law

Jochen Heberle, Tobias Gummersbach
Published: 5 September 2018

Abstract: 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.
Keywords: payments / Benford / Claims Development / verifying/rejecting / Benforsâ / developmenttrapezoids / fordifferent / triangles/trapezoids.These

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