Faculty Advisor

Abraham, Jon P

Abstract

This project researches the process an insurance company goes through to price boat insurance. Gathering data from boating statistics and insurance companies, a simulation product is created, utilizing accident rates, expected losses, and operator characteristics. This new product offers personal property, liability, and medical protection; as well as a unique policy for death benefits. Assuming realistic conditions like regional factors, business expenses, and projected customer base; the resulting insurance policy is both profitable and competitive in real life situations.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2008

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

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