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SynthETIC (version 1.1.1)

Synthetic Experience Tracking Insurance Claims

Description

Creation of an individual claims simulator which generates various features of non-life insurance claims. An initial set of test parameters, designed to mirror the experience of an Auto Liability portfolio, were set up and applied by default to generate a realistic test data set of individual claims (see vignette). The simulated data set then allows practitioners to back-test the validity of various reserving models and to prove and/or disprove certain actuarial assumptions made in claims modelling. The distributional assumptions used to generate this data set can be easily modified by users to match their experiences. Reference: Avanzi B, Taylor G, Wang M, Wong B (2020) "SynthETIC: an individual insurance claim simulator with feature control" .

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Version

Install

install.packages('SynthETIC')

Monthly Downloads

723

Version

1.1.1

License

GPL-3

Issues

1

Pull Requests

0

Stars

13

Forks

3

Maintainer

Melantha Wang

Last Published

November 2nd, 2025

Functions in SynthETIC (1.1.1)

covariates_data

Construction of a covariates_data Object
generate_claim_dataset

Generate a Claims Dataset
test_covariates_dataset

Covariates Data Object
generate_transaction_dataset

Generate a Transactions Dataset
claim_size_adj

Covariates Claim Size Adjustment
get_Beta_parameters

Estimating Beta Parameters
get_Weibull_parameters

Estimating Weibull Parameters
test_covariates_obj

Covariates Object
test_claim_dataset

Claims Dataset
test_claim_dataset_cov

Claims Dataset
return_parameters

Get Current Parameters
relativity_template

Template to input Covariate Relativities
claim_payment_time

Partial Payment Times (in Continuous Time Scale)
test_claims_object

Claims Data in List Format
simulate_cdf

Inverse Tranform Sampling
to_SynthETIC

Conversion to SynthETIC Format
plot.claims

Plot of Cumulative Claims Payments (Incurred Pattern)
plot_transaction_dataset

Plot of Cumulative Claims Payments (Incurred Pattern)
simulate_covariates

Covariates Simulation
claims

Construction of a claims Object
test_claims_object_cov

Claims Data in List Format
set.covariates_relativity

Sets the claims relativity for a covariates object.
test_transaction_dataset

Transactions Dataset
set_parameters

Set Packagewise Global Parameters for the Claims Simulator
test_transaction_dataset_cov

Transactions Dataset
claim_payment_no

Number of Partial Payments
claim_closure

Claim Closure
claim_payment_delay

Inter-Partial Delays
claim_output

Loss Reserving Output
SynthETIC-package

SynthETIC: Synthetic Experience Tracking Insurance Claims
claim_occurrence

Claim Occurrence Times
claim_frequency

Claim Frequency
claim_notification

Claim Notification
check_relativity

Function to check the input Covariate Relativities
claim_payment_inflation

Size of Partial Payments (With Inflation)
covariates

Construction of a covariates Object
cv

Coefficient of Variation
claim_payment_size

Size of Partial Payments (Without Inflation)
claim_size

Claim Size
covariates_relativity

Calculates Relativities
claim_size_adj.fit

Covariates Claim Size Adjustment