period_to_months: Split period to months

In insurancerating: Analytic Insurance Rating Techniques

Split period to months

Description

The function splits rows with a time period longer than one month to multiple rows with a time period of exactly one month each. Values in numeric columns (e.g. exposure or premium) are divided over the months proportionately.

Usage

period_to_months(df, begin, end, ...)

Arguments

df	data.frame
begin	column in df with begin dates
end	column in df with end dates
...	numeric columns in df to split

Details

In insurance portfolios it is common that rows relate to periods longer than one month. This is for example problematic in case exposures per month are desired.

Since insurance premiums are constant over the months, and do not depend on the number of days per month, the function assumes that each month has the same number of days (i.e. 30).

Value

data.frame with same columns as in df, and one extra column called id

Author(s)

Martin Haringa

Examples

library(lubridate)
portfolio <- data.frame(
begin1 = ymd(c("2014-01-01", "2014-01-01")),
end = ymd(c("2014-03-14", "2014-05-10")),
termination = ymd(c("2014-03-14", "2014-05-10")),
exposure = c(0.2025, 0.3583),
premium =  c(125, 150))
period_to_months(portfolio, begin1, end, premium, exposure)

insurancerating documentation built on Dec. 28, 2022, 2:53 a.m.