Crandore Hub

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" <doi:10.48550/arXiv.2008.05693>.

Versions across snapshots

VersionRepositoryFileSize
1.1.1 2026-04-09 windows/windows R-4.5 SynthETIC_1.1.1.zip 4.1 MiB

Dependencies (latest)

Imports

Suggests