o:35652 AN OVERVIEW OF THE DISTRIBUTIONS OF CLAIMS USED IN NON-LIFE INSURANCE THAT CONFORM TO BENFORD'S LAW en Abstract: Benford's law, known as the law of the first digit, is used as a basic method to identify possible manipulation, or errors dеtection, in a large data set. Namely, according to that law, the first digits of the corresponding data set appear with a frequency determined according to the decreasing logarithmic law, which is contrary to the intuition about their uniform appearance. Thus, the number 1 appears in approximately 30% of the cases as the first digit, while the number 9 appears in 4.58% of cases. The subject of the paper is an overview of distributions that conform to Benford's law, which is confirmed both theoretically (by proving the theorems) and empirically (by conducting simulations). The goal of the paper is to determine the distribution that best fits the data on non-life insurance claims and then to examine the agreement with Benford's law using statistical tests applied in the literature. The main result of the paper is to determine the agreement or disagreement of the observed data set with Benford's law, thus providing an answer to the question about their possible manipulation and a possible proposal for a deeper analysis of individual numbers. Key words: Benford's law, manipulation, Benford's law tests, simulations, non-life insurance 1552099 10.69781/NOE202435014 1552101 1840-2313 2025-01-16T09:48:27.265Z 44 no 46 Jelena Stanojević Univerzitet u Beogradu Ekonomski fakultet 0000-0001-5668-5297 Vesna Rajić Univerzitet u Beogradu Ekonomski fakultet person 0000-0002-4566-0147 application/pdf 630268 https://phaidrabg.bg.ac.rs/o:35652 no yes 19 70 1552253 11A03 Novi Ekonomist 18 1 17 22 2024