Faculty Advisor

Abraham, Jon P.

Abstract

Some of the basic characteristics that auto insurance companies have to know about you are age, gender and location of driving. These are the factors that are considered in calculating the premiums. In this project we showed mathematically how these attributes about a driver and his/her history in driving, play a role in calculating auto insurance premiums. As young drivers are most likely to get into a fatal car crash and least likely to have a life insurance at an early age, we attempted to combine life insurance with auto insurance for the second part of this project. It insures any kind of debt that young drivers leave behind for their family in case of a fatal car accident.

Publisher

Worcester Polytechnic Institute

Date Accepted

May 2014

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

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