This project develops a new type of insurance, online shopping insurance. The project focused on generating a method to calculate the cost of the insurance by collecting data from the Internet Crime Complaint Center’s annual reports. I created a simulation model to test the profitability and analyzed ways to reduce the risk. In addition to adding restrictions to the insurance compensation, I introduced the idea of cooperating with an anti-virus software company and analyzed the benefits.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Zhou, Qiyang

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-050114-154615

Advisor

• Abraham, Jon P.

Year

• 2014

Date created

• 2014-05-01

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright