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

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

Advisor Program

Mathematical Sciences

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