Inflationary effects on loss reserves Public
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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.
- 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.
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Permanent link to this page: https://digital.wpi.edu/show/1831cp223