Corpus ID: 221112347

SynthETIC: an individual insurance claim simulator with feature control

  title={SynthETIC: an individual insurance claim simulator with feature control},
  author={B. Avanzi and Gregory Taylor and Melantha Wang and B. Wong},
  journal={arXiv: Risk Management},
  • B. Avanzi, Gregory Taylor, +1 author B. Wong
  • Published 2020
  • Computer Science, Economics, Mathematics
  • arXiv: Risk Management
  • A simulator of individual claim experience called SynthETIC is described. It is publicly available, open source and fills a gap in the non-life actuarial toolkit. It simulates, for each claim, occurrence, notification, the timing and magnitude of individual partial payments, and closure. Inflation, including (optionally) superimposed inflation, is incorporated in payments. Superimposed inflation may occur over calendar or accident periods. The claim data are summarized by accident and payment… CONTINUE READING

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