Faculty Advisor

Abraham, Jon P.

Faculty Advisor

Heinricher, Arthur C.

Abstract

The project presents a mathematical model created to determine a risk score for applicants for long term care insurance. We developed software to assist in the implementation and testing of the model. We analyze the suitability of our model, including the sensitivity of scores to the model's parameters. We formulate methods which could help train the model, including numerical regression to solve for model parameters and pair-wise comparisons between applicants to verify consistency of parameters and risk factors.

Publisher

Worcester Polytechnic Institute

Date Accepted

January 2006

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Restricted-WPI community only

Advisor Department

Mathematical Sciences

Share

COinS