Abraham, Jon P
Heinricher, Arthur C
Hanover Insurance Group
Hanover Insurance uses numerous methods to project total paid claims for all its lines of business. A system was developed to assess the accuracy of the projections, based on data for six accident years and four lines of business. A strictly mathematical forecasting method was sought; however, no model was found to replace the years of experience and knowledge of Hanover's actuaries.
Worcester Polytechnic Institute
Major Qualifying Project
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