Hanover Insurance uses numerous methods to project total paid claims for all its lines of business. A system was developed to assess the accuracy of the projections, based on data for six accident years and four lines of business. A strictly mathematical forecasting method was sought; however, no model was found to replace the years of experience and knowledge of Hanover's actuaries.

• 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

• Lynskey, Gregory E.
• Liu, Xinjia
• Rhemzou, Ida
• Connor, Timothy P.

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042507-194917

Advisor

• Heinricher, Arthur C.
• Abraham, Jon P.

Year

• 2007

Sponsor

• Hanover Insurance Group

Date created

• 2007-04-25

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright