generate_incurred_dataset

Generates a dataset of transaction records that tracks how the case estimates
of the total incurred, the outstanding claim payments, and the cumulative
claims paid change over time. A sample dataset is included as part of the
package, see <code>test_incurred_dataset</code>.

An extension to the individual claim simulator called 'SynthETIC'
(on CRAN), to simulate the evolution of case estimates of incurred losses
through the lifetime of an insurance claim. The transactional simulation
output now comprises key dates, and both claim payments and revisions of
estimated incurred losses. An initial set of test parameters, designed to
mirror the experience of a real insurance portfolio, were set up and applied
by default to generate a realistic test data set of incurred histories (see
vignette). However, 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 (2021) "SPLICE: A Synthetic Paid Loss
and Incurred Cost Experience Simulator" <arXiv:2109.04058>.

Melantha Wang

SPLICE

Synthetic Paid Loss and Incurred Cost Experience (SPLICE)
Simulator

Benjamin Avanzi

Greg Taylor

William Ho

generate_incurred_dataset function

<dl><dt>claims</dt>
<dd>an <code>claims</code> object containing all the simulated quantities,
(other than those related to incurred loss), see
<code>claims</code>.</dd>
<dt>incurred_history</dt>
<dd>the full history of incurred case estimates, see
<code>claim_history</code>.</dd></dl>

Arguments

Generate Incurred Dataset — generate_incurred_dataset

<dl>

<dt>claims</dt>
<dd>an <code>claims</code> object containing all the simulated quantities,
(other than those related to incurred loss), see
<code>claims</code>.</dd>


<dt>incurred_history</dt>
<dd>the full history of incurred case estimates, see
<code>claim_history</code>.</dd>

</dl>

generate_incurred_dataset: Generate Incurred Dataset

Description

Usage

Value

Arguments

See Also