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.

Creator

• Garrell, Melissa Ann
• Fisk, Karen Melissa

Publisher

• Worcester Polytechnic Institute

Identifier

• 99D001M

Advisor

• Wiedie, Ann H.

Year

• 1999

Sponsor

• Travelers Insurance Co

Date created

• 1999-01-01

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright