SPLICE: Synthetic Paid Loss and Incurred Cost Experience (SPLICE) Simulator

An extension to the individual claim simulator called 'SynthETIC' (on CRAN), to simulate the evolution of case estimates of incurred losses through the lifetime of an insurance claim. The transactional simulation output now comprises key dates, and both claim payments and revisions of estimated incurred losses. An initial set of test parameters, designed to mirror the experience of a real insurance portfolio, were set up and applied by default to generate a realistic test data set of incurred histories (see vignette). However, 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 (2021) "SPLICE: A Synthetic Paid Loss and Incurred Cost Experience Simulator" <arXiv:2109.04058>.

Package details

AuthorBenjamin Avanzi [aut], Greg Taylor [aut], Melantha Wang [aut, cre], William Ho [rev]
MaintainerMelantha Wang <wang.melantha@gmail.com>
URL https://github.com/agi-lab/SPLICE
Package repositoryView on CRAN
Installation Install the latest version of this package by entering the following in R:

Try the SPLICE package in your browser

Any scripts or data that you put into this service are public.

SPLICE documentation built on Sept. 13, 2021, 9:09 a.m.