Initial Actuarial Plumber API Skeleton

Core Entities

The core entities will be based off the preliminary database schema:

Input Data Entities

• Claims
• Claimants
• Policies, Coverages, and TPAs
• Exposures (by coverage)
• Industry (LDFs, ILFs, Rates, Trends, Credibility)

Analysis Entities

Derived or Selected Data:

• Summarized Data Tables (Aggregated):

  • Loss Triangle Data
  • Validations
  • Comparisons to Prior: AvE, etc.
  • Matchup between claims and exposures

• Triangles

  • Reported, Paid, Counts, Cumulative, Incremental, Age-to-Age
  • Optional: Limited, Unlimited, Specific Filters by Segment, Years, etc.
  • Diagnostic triangles

• Loss Development Factors:

  • Selected
  • Interpolated
  • Decay, Persistency
  • Industry
  • Prior Interpolated

Results Oriented Entities

• Evaluations and Reports

• Ultimates

  • Reported, Paid, Counts
  • Preliminary Development Methods
  • Rate Methods (utilizing exposures)
  • B-F Method's
  • Comparison to prior's and AvE indications

• Rates and Trends

• Total Unpaid Reserves

  • Simulated Reserves
  • Discounted Reserves

• Allocation of IBNR