Synthetic Paid Loss and Incurred Cost Experience (SPLICE) Simulator

An extension to the individual claim simulator called 'SynthETIC' (on CRAN), to simulate the evolution of case estimates of incurred losses through the lifetime of an insurance claim. The transactional simulation output now comprises key dates, and both claim payments and revisions of estimated incurred losses. An initial set of test parameters, designed to mirror the experience of a real insurance portfolio, were set up and applied by default to generate a realistic test data set of incurred histories (see vignette). However, the distributional assumptions used to generate this data set can be easily modified by users to match their experiences. Reference: Avanzi B, Taylor G, Wang M (2021) "SPLICE: A Synthetic Paid Loss and Incurred Cost Experience Simulator" .


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Reference manual

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install.packages("SPLICE")

1.0.0 by Melantha Wang, 15 days ago


https://github.com/agi-lab/SPLICE


Report a bug at https://github.com/agi-lab/SPLICE/issues


Browse source code at https://github.com/cran/SPLICE


Authors: Benjamin Avanzi [aut] , Greg Taylor [aut] , Melantha Wang [aut, cre] , William Ho [rev]


Documentation:   PDF Manual  


GPL-3 license


Imports stats, methods, zoo

Depends on SynthETIC

Suggests knitr, rmarkdown, dplyr, RColorBrewer, actuar, poisson, ChainLadder


See at CRAN