test_incurred_dataset: Incurred Case Estimates Dataset

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

Incurred Case Estimates Dataset

Description

A dataset of 31,250 records of transactions (partial payments and incurred revisions) associated with the 3,624 claims described in SynthETIC's test_claim_dataset. The ⁠_inflated⁠ version includes inflation adjustment in the case estimates, while the ⁠_noInf⁠ version excludes any inflation effects.

Usage

test_incurred_dataset_noInf

test_incurred_dataset_inflated

Format

A data frame with 31,250 rows and 9 variables:

claim_no

claim number, which uniquely characterises each claim.

claim_size

size of the claim (in constant dollar values).

txn_time

double; the "absolute" time of transaction (on a continuous time scale).

txn_delay

delay from notification to the subject transaction.

txn_type

character; nature of the transactions, "Ma" for major revision, "Mi" for minor revision, "P" for payment, "PMa" for major revision coincident with a payment, "PMi" for minor revision coincident with a payment.

incurred

double; case estimate of total incurred loss immediately after the transaction.

OCL

double; case estimate of outstanding claim payments immediately after the transaction.

cumpaid

double; cumulative claim paid after the transaction.

multiplier

revision multipliers (subject to further constraints documented in claim_history), NA for transactions that do not involve a revision. Note that major revision multipliers apply to the incurred losses, while minor revision multipliers apply to the outstanding claim payments.

See Also

generate_incurred_dataset

SPLICE documentation built on April 16, 2023, 9:19 a.m.