In business, it is important to be able to adapt to changes quickly and effectively. Government regulations are frequently changing and affect many different industries of American business. This paper outlines a process for evaluating and responding to change, with an in-depth example of its application to proposed hours of service regulations for truck drivers, and how new safety regulations will impact commercial auto insurers. Ultimately, we find the process to be effective in quantifying the impact of this legislation on expected future costs for the insurer. More broadly, the process outlined in the paper gives a structured approach to responding to change and can be used in a variety of 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

• Aubin, Alana Marie
• Landry, Ryan Dennis
• Blakeslee, Benjamin Farber
• Cote, Monique M.

Colaboradores

• Rucci, Brian

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-121511-205159

Advisor

• Abraham, Jon P.

Year

• 2011

Sponsor

• Travelers

Date created

• 2011-12-15

Localização

• New York

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright

Última modificação

• 2023-08-10