Insurance Claim Decision
12010
Decide claim approval based on threshold with conditional payouts
NOTEModel Overview
🏥 INSURANCE CLAIMS
Models claim decisions:
• Claim amount distribution
• Approval threshold
• Conditional payout
VARIABLEClaim Amount
lognormal
Submitted claim value
claim
CONSTANTThreshold
5000
Auto-approval limit
threshold
CONSTANTCoverage Ratio
0.8
80% of approved claims
coverage
DECISIONApprove Claim?
if A is greater than B
claim
threshold
Output
FORMULAPayout
approved * claim * coverage
Actual payment if approved
approved
claim
coverage
payout
OUTPUTClaim Payout
Payout Amount ($)
About the creator
The team behind Carlo. We believe everyone deserves tools to reason about risk and uncertainty.
What is Carlo?
Carlo is a visual tool for Monte Carlo simulation. Model uncertainty by dragging probability distributions, connecting them visually, and running thousands of scenarios instantly.