Description Usage Arguments Details Value Examples
xl
defines an object of class XL
(XL-class
), which represents an Excess of Loss treaty.
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ded |
Numeric. Deductible amount of the treaty. Should be superior to 0. |
lim |
Numeric. Limit amount for the treaty. Should be superior to 0. May be equal to |
aal |
Numeric. Annual Aggregate Deductible amount of the treaty. Should be superior to 0. |
aad |
Numeric. Annual Aggregate Limit amount for the treaty. Should be superior to 0. May be equal to |
prm |
Numeric. Premium rate, which represents the proportion of the premium given to the reinsurer as price for the treaty. Should be between 0 and 1. |
rns |
Numeric vector. Reinstatement prices. Vector of lentgh equals to the number of reinstatements with each value equals the price of the reinstatement. |
ptf |
Vector. List of portfolios on which the treaty is to be applied on. Default value set to all. |
Reinstatements are the number of time the limit can be reconstructed. The vector given for this parameter will be an indication of the price for each reinstatement. For example, a rns
value of c(0, 1)
will give one free reinstatement and one reinstatement paid 100% of the premium before totally consuming the limit.
An object of class XL
(XL-class
), initialized with the values given in input. Its basic methods are:
show
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