The ALAE Size-of-Loss Distribution Model
The ALAE Size-of-Loss Distributions model provides tables of loss and allocated loss adjustment expenses (ALAE) for 94 lines of insurance within the general liability, commercial auto and medical/professional lines.
The model contains a database of 40,000 discreet probabilities for the joint distribution of indemnity loss and allocated loss adjustment expenses. You get the distribution of 200 ALAE amounts given for each of 200 indemnity amounts, including ALAE payments associated with zero indemnity. That's 40,000 data points you can use to create functions you can plug directly into your current system.
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