Faculty Advisor

Wiedie, Ann H.

Abstract

Accurate reserves for future claims are crucial to the financial success of an insurance company. This project compares the reserving model currently used by Travelers Property & Casualty (retrospective in nature) to a model suggested by Robert Butsic (prospective, allowing for changing inflationary trends). A common mathematical language for the two models is developed, an Excel program to implement them is written, and numerical simulations run to make comparisons.

Publisher

Worcester Polytechnic Institute

Date Accepted

January 1999

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Restricted-WPI community only

Advisor Department

Mathematical Sciences

Advisor Program

Mathematical Sciences

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