Corpus ID: 237453286

SPLICE: A Synthetic Paid Loss and Incurred Cost Experience Simulator

@inproceedings{Avanzi2021SPLICEAS,
  title={SPLICE: A Synthetic Paid Loss and Incurred Cost Experience Simulator},
  author={Benjamin Avanzi and Greg Taylor and Melantha Wang},
  year={2021}
}
In this paper, we first introduce a simulator of cases estimates of incurred losses, called SPLICE (Synthetic Paid Loss and Incurred Cost Experience). In three modules, case estimates are simulated in continuous time, and a record is output for each individual claim. Revisions for the case estimates are also simulated as a sequence over the lifetime of the claim, in a number of different situations. Furthermore, some dependencies in relation to case estimates of incurred losses are incorporated… Expand

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