get_Beta_parameters

Returns the Beta parameters given the mean and the CoV of the target Beta
distribution.

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

get_Beta_parameters function

<dl><dt>target_mean</dt>
<dd>mean of the target Beta distribution (between 0 and 1).</dd>
<dt>target_cv</dt>
<dd>CoV of the target Beta distribution.</dd></dl>

Arguments

Estimating Beta Parameters — get_Beta_parameters

<dl>

<dt>target_mean</dt>
<dd>mean of the target Beta distribution (between 0 and 1).</dd>


<dt>target_cv</dt>
<dd>CoV of the target Beta distribution.</dd>

</dl>

get_Beta_parameters: Estimating Beta Parameters

Description

Usage

Arguments

Examples