apply_severity_cap: Apply severity cap function

In NetSimR: Actuarial Functions for Non-Life Insurance Modelling

Apply severity cap function

Description

Apply severity cap function

Usage

apply_severity_cap(claims, severity_cap_boolean, severity_cap_amount)

Arguments

claims	A vector of Claims.
severity_cap_boolean	A variable that if true, the function will cap the claims, otherwise will just return them.
severity_cap_amount	The claim cap value.

Value

If severity_cap_boolean is true, then will return the minimum of severity_cap_amount or claims otherwise will return claims. The operation is vectorised.

NetSimR documentation built on Oct. 25, 2023, 1:08 a.m.