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2.3.7. Event Claims Generator

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This component generates event claims by using a frequency, event and claims size generator.

In the first step the number of claims is generated by using the frequency generator. Afterwards the event generator fetches the according number of event severities. Finally the claims generator generates the event claims using an inverse function.

Claim size parameterization possibilities

For the severities there are the same distributions as for the claims size available.

Explanations on claim types

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