In jimbrig2011/lossrunAnalyzer: Lossrun Analyzer

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lossrunAnalyzer - Analyzing Insurance Claims Data

The goal of lossrunAnalyzer is to assist actuaries to quickly analyze, diagnose, and summarize lossruns containing individual claims data for property casualty insurance.

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Installation

You can install lossrunAnalyzer from GitHub with:

# install.packages("devtools")
devtools::install_github("jimbrig2011/lossrunAnalyzer")

Roadmap

The end-goal of lossrunAnalyzer is to provide support for the following:

• Initial Reasonability Checks:
• Unique claim ID
• Paid + Case = Incurred
• Totals = Sum of Splits
• Report Date >= Loss Date

• Field Consistency (i.e. States, Status, etc.)

• Possible Duplicate Detection

• Occurrence Grouping

• Adding "Working" Fields

• Retentions / Limits / Deductibles
• Various "Limited" Amounts
• ALAE Treatments
• Years (Policy, Accident, Report, Fiscal, Calendar)
• Lags (Report, Close, Tenure)
• Max IBNR's at various scenarios

• Legal, Lost-Time, Indemnity Support

• Utilizing Lookup / Support Tables

• Record Linkage to Reduce Fuzzyness

• Merging Lossruns Across Multiple Evaluations

• Comparing Lossruns to Prior's and Addressing Various KPI's / Diagnostic Checks

• Anomaly / Outlier Detection

• Automating Development Comments as to why things changed

• Summarizing Data into Triangles

• Performing an AvE (Actual vs. Expected) Analysis Summary

• Checking for Dropped / Missing Claims or New Claims with Old Dates

• Tie Out to Exposures

jimbrig2011/lossrunAnalyzer documentation built on Jan. 11, 2020, 2:05 a.m.