swMATH ID: 40316
Software Authors: Benjamin Avanzi, Greg Taylor, Melantha Wang, Bernard Wong
Description: R package SynthETIC: Synthetic Experience Tracking Insurance Claims. Creation of an individual claims simulator which generates various features of non-life insurance claims. An initial set of test parameters, designed to mirror the experience of an Auto Liability portfolio, were set up and applied by default to generate a realistic test data set of individual claims (see vignette). The simulated data set then allows practitioners to back-test the validity of various reserving models and to prove and/or disprove certain actuarial assumptions made in claims modelling. 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, Wong B (2020) ”SynthETIC: an individual insurance claim simulator with feature control” <arXiv:2008.05693>.
Homepage: https://cran.r-project.org/web/packages/SynthETIC/index.html
Source Code:  https://github.com/cran/SynthETIC
Dependencies: R
Related Software: DCL; R; hirem; gbm; actuar; fitdistrplus; ChainLadder
Cited in: 2 Documents

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