split_level: Define a level split with relativities

In insurancerating: Actuarial Tools for Insurance Pricing Models

Define a level split with relativities

Description

Helper function to define how one level of a risk factor should be split into sublevels with corresponding relativities. Intended for use inside relativities() and add_relativities().

Usage

split_level(level, new_levels, relativities)

Arguments

level	Character string. Existing level of the risk factor to split.
new_levels	Character vector. Names of the new sublevels.
relativities	Numeric vector. Relativities corresponding to each sublevel. Must have the same length as new_levels.

Value

A named list of length 1, where the name is level and the value is a data.frame with columns new_level and relativity.

Examples

split_level(
  level = "construction",
  new_levels = c("residential", "commercial", "civil"),
  relativities = c(1.00, 1.10, 1.25)
)

insurancerating documentation built on July 30, 2026, 5:09 p.m.