claim_payment_time: Partial Payment Times (in Continuous Time Scale)

In SynthETIC: Synthetic Experience Tracking Insurance Claims

Partial Payment Times (in Continuous Time Scale)

Description

Converts the list of inter-partial delays to a list of payment times in continuous time scale. Set discrete = TRUE to get the payment times in calendar periods.

Usage

claim_payment_time(
  frequency_vector,
  occurrence_list,
  notification_list,
  payment_delay_list,
  discrete = FALSE
)

Arguments

frequency_vector	a vector of claim frequencies for all the periods.
occurrence_list	list of claim occurrence times.
notification_list	list of notification delays.
payment_delay_list	(compound) list of inter partial delays.
discrete	logical; if TRUE returns integer-valued payment times (default FALSE).

Details

Returns a compound list structure such that the jth component of the ith sub-list gives the payment time pattern (as a vector) for the jth claim of occurrence period i.

Note that, as in the case of claim_closure, this function can result in out-of-bound payment dates (i.e. payment times beyond the maximum number of development periods under consideration). In these cases, we retain the original simulated values for the simulation of other quantities, but we will make adjustments for such claims in the tabulation of results in claim_output and the payment inflation function claim_payment_inflation.

SynthETIC documentation built on Sept. 3, 2023, 5:06 p.m.