This project developed an algorithm for recreating lost financial transactions for John Hancock. Specifically, it recreates premium, dividend, and loan transactions lost during the annual back up process in the years 1993 and 1998, using existing transactions and current aggregate amounts. In instances where random policyholder behavior was predicted, statistical analysis of historical policy behavior was provided. Recreation for some policies and fields was a deterministic problem, while other fields and policies were identified as not restorable by the algorithm.

• 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

• Hughes, Alison
• Rahn, Devin Peter

Publisher

• Worcester Polytechnic Institute

Identifier

• 02D275M

Advisor

• Wiedie, Ann H.
• Doytchinov, Bogdan D.

Year

• 2002

Sponsor

• John Hancock Mutual Life Insurance Company

Date created

• 2002-01-01

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright