set.covariates_relativity

Sets the claims relativity for a <code>covariates</code> object.

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

set.covariates_relativity function

<dl><dt>covariates</dt>
<dd>an object of type <code>covariates</code>, see <code>covariates</code></dd>
<dt>relativity</dt>
<dd>see <code>relativity_template</code></dd>
<dt>freq_sev</dt>
<dd>one of <code>"freq"</code> or <code>"sev"</code> to adjust frequency or severity
relativities respectively</dd></dl>

Arguments

Sets the claims relativity for a covariates object. — set.covariates_relativity

<dl>

<dt>covariates</dt>
<dd>an object of type <code>covariates</code>, see <code>covariates</code></dd>


<dt>relativity</dt>
<dd>see <code>relativity_template</code></dd>


<dt>freq_sev</dt>
<dd>one of <code>"freq"</code> or <code>"sev"</code> to adjust frequency or severity
relativities respectively</dd>

</dl>

set.covariates_relativity: Sets the claims relativity for a `covariates` object.

Description

Usage

Value

Arguments

See Also