The Insurance element simulates claims against an insurance policy.
The property dialog looks like this:
After specifying the currency units you wish to use, you must specify the properties of the insurance policy (the deductible, the cap, and when these are reset).
You then specify one or more discrete claims.
The key outputs are the cumulative covered and uncovered losses on the claims, and discrete changes representing the amounts that are covered and uncovered:
Learn more about: