generate_transaction_dataset

Generates a dataset of partial payment records that takes the same structure
as <code>test_transaction_dataset</code> included in this package, with each row
representing a unique payment.

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" <arXiv:2008.05693>.

Melantha Wang

SynthETIC

Synthetic Experience Tracking Insurance Claims

Benjamin Avanzi

William Ho

Greg Taylor

Bernard Wong

generate_transaction_dataset function

<dl><dt>claims</dt>
<dd>an <code>claims</code> object containing all the simulated quantities,
see <code>claims</code>.</dd>
<dt>adjust</dt>
<dd>if TRUE then the payment times will be forced to match with the
maximum development period under consideration; default FALSE (which will
produce out-of-bound payment times).</dd></dl>

Arguments

Generate a Transactions Dataset — generate_transaction_dataset

<dl>

<dt>claims</dt>
<dd>an <code>claims</code> object containing all the simulated quantities,
see <code>claims</code>.</dd>


<dt>adjust</dt>
<dd>if TRUE then the payment times will be forced to match with the
maximum development period under consideration; default FALSE (which will
produce out-of-bound payment times).</dd>

</dl>

generate_transaction_dataset: Generate a Transactions Dataset

Description

Usage

Value

Arguments

See Also

Examples