Faculty Advisor

Abraham, Jon P.

Abstract

This project develops a new type of insurance, online shopping insurance. The project focused on generating a method to calculate the cost of the insurance by collecting data from the Internet Crime Complaint Center’s annual reports. I created a simulation model to test the profitability and analyzed ways to reduce the risk. In addition to adding restrictions to the insurance compensation, I introduced the idea of cooperating with an anti-virus software company and analyzed the benefits.

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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