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melantha-wang authored Sep 13, 2021
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# SPLICE
# SPLICE [![CRAN_Status_Badge](https://www.r-pkg.org/badges/version/SPLICE)](https://CRAN.R-project.org/package=SPLICE)

## Introduction
We introduce `SPLICE` (**S**ynthetic **P**aid **L**oss and **I**ncurred **C**ost **E**xperience), an extension to the individual claim simulator called [`SynthETIC`](https://CRAN.R-project.org/package=SynthETIC). `SPLICE` serves to simulate the evolution of case estimates of incurred losses through the lifetime of a claim, under a flexible modelling framework which resembles that of [`SynthETIC`](https://CRAN.R-project.org/package=SynthETIC).
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