Faculty Advisor
Abraham, Jon P
Abstract
The project's objective was to develop and price a new insurance product. Rollercoaster insurance was chosen for its uniqueness. Data for injury numbers, number of riders and deaths were necessary for pricing, but primarily private. Risk rate and ridership were modeled based on limited parks' data. A portfolio was developed using the modeled data. The purpose of portfolios was to share the risk and reduce premiums. After adding in expense and profit, a final premium was determined for each rollercoaster.
Publisher
Worcester Polytechnic Institute
Date Accepted
April 2008
Major
Mathematical Sciences
Major
Actuarial Mathematics
Project Type
Major Qualifying Project
Copyright Statement
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Accessibility
Unrestricted
Advisor Department
Mathematical Sciences
Advisor Program
Mathematical Sciences