irm

Insurance risk model

Create insurance policies

• Set the portfolio size of the policies
• Create an insurance policy
  • Randomised over 'age' and 'sum assured'
  • Calculate premium for the policy per mortality rate
• Issue additional policies as required, until portfolio size reached

Create scenarios of possible outcomes

• Set the scenario count for the stochastic simulation
• Generate a scenario by selecting which of the policies raise a claim
  • Calculate the payout required to settle claims raised in the scenario
• Generate additional scenarios as required, until scenario count is reached

Assumptions: Claims raised are considered genuine for the purpose of this modeling

Calculate the capital adequacy at certain percentiles

• Set the precentiles or interest say pt1, pt2, pt3
• Order the scenarios in ascending order of payouts
• Calculate the percetiles for the scenarios
• Fetch the profit/loss at each of the percentile levels of interest

Approach

Core Logic

• Simulation logic

Lit

• Create lit action function and deploy
• Encrypt / Decrypt data through lit action

Ceramic

Orbis

• Get studio access
• Operate through SDK
• Save / fetch data from the database

ComposeDB

• Graph like not suited