plot.claims

Generates a plot of cumulative claims paid (as a percentage of total amount
incurred) as a function of development time for each occurrence period.

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

plot.claims function

<dl><dt>x</dt>
<dd>an object of class <code>claims</code> containing all the simulated quantities.</dd>
<dt>by_year</dt>
<dd>if <code>TRUE</code> returns a plot by occurrence year; otherwise returns
a plot by occurrence period (default).</dd>
<dt>inflated</dt>
<dd>if <code>TRUE</code> shows a plot of payment pattern after inflation;
otherwise shows a plot of discounted payment pattern.</dd>
<dt>adjust</dt>
<dd>if <code>TRUE</code> then the payment times will be forced to match with
the maximum development period under consideration, otherwise the plot will
see claims beyond the maximum development period; default <code>TRUE</code>.</dd>
<dt>...</dt>
<dd>other graphical parameters.</dd></dl>

Arguments

Plot of Cumulative Claims Payments (Incurred Pattern) — plot.claims

<dl>

<dt>x</dt>
<dd>an object of class <code>claims</code> containing all the simulated quantities.</dd>


<dt>by_year</dt>
<dd>if <code>TRUE</code> returns a plot by occurrence year; otherwise returns
a plot by occurrence period (default).</dd>


<dt>inflated</dt>
<dd>if <code>TRUE</code> shows a plot of payment pattern after inflation;
otherwise shows a plot of discounted payment pattern.</dd>


<dt>adjust</dt>
<dd>if <code>TRUE</code> then the payment times will be forced to match with
the maximum development period under consideration, otherwise the plot will
see claims beyond the maximum development period; default <code>TRUE</code>.</dd>


<dt>...</dt>
<dd>other graphical parameters.</dd>

</dl>

plot.claims: Plot of Cumulative Claims Payments (Incurred Pattern)

Description

Usage

Arguments

See Also

Examples