Heinricher, Arthur C.
Wiedie, Ann H.
A stochastic model is developed in APL and used to simulate the full distribution of present value of future costs of Sun Life Financials' extended death benefit claims. The program is proposed as a valuation tool which enables the development of realistic reserve levels. Using actual claim data and Sun Life assumptions simulation is used to verify that current reserve levels on extended death benefit claims are overly conservative.
Worcester Polytechnic Institute
Major Qualifying Project
Access to this report is limited to members of the WPI community. Please contact a project advisor or their department to request access
Restricted-WPI community only