SynthETIC: Synthetic Experience Tracking Insurance Claims

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>.

Package details

AuthorBenjamin Avanzi [aut], Greg Taylor [aut], Melantha Wang [aut, cre], Bernard Wong [aut]
MaintainerMelantha Wang <>
Package repositoryView on CRAN
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SynthETIC documentation built on Sept. 3, 2023, 5:06 p.m.