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glm model for severity

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Occasional Contributor
Posts: 19

glm model for severity

hi i am using insurance dataset to model severity using Generalized linear model . so  please  suggest me what are the available models used for  severity in sas for GLMs

Super User
Posts: 10,500

Re: glm model for severity

You should explain what severity means in terms of your available data. This is likely a topic that has many definitions and specific industries or even your organization may have a different take than others.

Occasional Contributor
Posts: 19

Re: glm model for severity

i am using motor insurance data , the claim severity is given to me in that data set. based on that i have to model severity. data base is attached with question , i have tried  proc severity procedure using gamma distribution:

 

proc severity data=libish.simulatedwithlog  crit=aicc ;

loss severity;

scalemodel logduration / dfmixture =full ;

dist gamma ;

run;

 

and also applied  usual gamma model using genmod procedure .

 

proc genmod data=libish.dataset2;

class premiumclass age zone;

model severity=premiumclass age /dist=gamma link=log type3;

run;

 

actually how to conclude gamma model is suitable for this data?

Attachment
Super User
Posts: 9,681

Re: glm model for severity

Under SAS/ETS , there is a Proc severity .Better post it at Forecasting Forum.
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