This project researches the process an insurance company goes through to price boat insurance. Gathering data from boating statistics and insurance companies, a simulation product is created, utilizing accident rates, expected losses, and operator characteristics. This new product offers personal property, liability, and medical protection; as well as a unique policy for death benefits. Assuming realistic conditions like regional factors, business expenses, and projected customer base; the resulting insurance policy is both profitable and competitive in real life situations.

• 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

• Brokaw, Jeremy Jonathan
• Yin, Zijing
• Shen, Karl

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042408-163806

Advisor

• Abraham, Jon P.

Year

• 2008

Date created

• 2008-04-24

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright

License

• All rights reserved

Last modified

• 2021-01-27