Hanover Insurance evaluates historical data to analyze trends in loss frequency and severity of claims. The trends are caused by external factors, such as legislative, environmental and economic forces. Trends were analyzed using two different approaches, one correlating the trends from prior data to external factors, and another comparing the impact of events to trends in the data. The analysis mathematically quantified the effect of each external force and isolated factors which were most significant to the trends.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Brown, Ethan Daniel
• Lam, Norman

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-043009-173214

Advisor

• Abraham, Jon P.

Year

• 2009

Sponsor

• The Hanover Group

Date created

• 2009-04-30

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright

Last modified

• 2021-01-26