claims_by_wait_time: claims_by_wait_time

In imaginator: Simulate General Insurance Policies and Losses

Description

Construct a data frame of claims simulated by time between events.

Usage

claims_by_wait_time(
  tbl_policy,
  claim_frequency,
  payment_frequency,
  occurrence_wait,
  report_wait,
  pay_wait,
  pay_severity,
  pay_only_positive = TRUE
)

Arguments

tbl_policy	A data frame of policy records
claim_frequency	Number of claims per policy; can be a distribution.
payment_frequency	Number of payments per claim; can be a distribution.
occurrence_wait	Time until occurrence for each claim; can be a distribution
report_wait	Time until report; can be a distribution.
pay_wait	Lag time between payments; can be a distribution.
pay_severity	Severity of each claim payment; can be a distribution.
pay_only_positive	Boolean indicating whether to discard negative payments.

Details

This function will generate claim transactions. Wait times and frequencies will be converted to integers with no message. If wait times or claim frequencies are less than zero, or payment frequencies are less than one, they will be converted with a message.

Value

A data frame, as follows:

policy_effective_date

Date

policy_expiration_date

Date

exposure

double

policyholder_id

integer

claim_id

integer

occurrence_date

Date

report_date

Date

number_of_payments

integer

payment_date

Date

payment_amount

double

imaginator documentation built on Jan. 27, 2022, 9:06 a.m.