The project's objective was to develop and price a new insurance product. Rollercoaster insurance was chosen for its uniqueness. Data for injury numbers, number of riders and deaths were necessary for pricing, but primarily private. Risk rate and ridership were modeled based on limited parks' data. A portfolio was developed using the modeled data. The purpose of portfolios was to share the risk and reduce premiums. After adding in expense and profit, a final premium was determined for each rollercoaster.

• 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

• Mao, Yurong Y
• Tolivaisa, Alexander
• Efstathiou, Jessica Lee

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042408-150024

Advisor

• Abraham, Jon P.

Year

• 2008

Date created

• 2008-04-24

Resource type

• Major Qualifying Project

Major

• Mathematical Sciences
• Actuarial Mathematics

Rights statement

• In Copyright

Last modified

• 2021-01-26