Single-index model for motor insurance claim severity: kernel estimated conditional likelihood based inference

These data are inspired by a subsample of a real data set from an insurance company collected in 2011. Name Definition Cost cost per claim in thousands of euros Age age in years Agelic number of years holding a driving licence Agecar age of car in years Parking a binary indicator equal to 1 if car is parked in a garage overnight and 0 otherwise Tkm annual distance driven in thousands of kilometres Nightkm percentage of kilometres driven at night Urbankm percentage of kilometres driven on urban roads Speedkm percentage of kilometres driven above the speed limit