Faculty Advisor

Abraham, Jon P

Faculty Advisor

Heinricher, Arthur C

Abstract

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.

Publisher

Worcester Polytechnic Institute

Date Accepted

April 2007

Major

Actuarial Mathematics

Project Type

Major Qualifying Project

Accessibility

Unrestricted

Advisor Department

Mathematical Sciences

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