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Randomly simulate inception and settlement of general insurance losses

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casact/imaginator

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imaginator

This is a package which will simulate a set of individual claims with random occurrence, report and payment lags. This algorithm was first proposed by James Stanard, whose original paper may be found here: A SIMULATION TEST OF PREDICTION ERRORS OF LOSS RESERVE ESTIMATION TECHNIQUES.

Future developments may include multiple payments per claim, simulated case reserves.

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Randomly simulate inception and settlement of general insurance losses

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