Title page for E-project-042408-150024

Project Type MQP

Submission date 2008-04-24

Authors
Jessica Copp, MAC
Yurong Y Mao, MA
Alexander Tolivaisa, MAC

URN E-project-042408-150024

Title Insurance Product Development

Advisor
Abraham, Jon P, MA

Availability unrestricted

Abstract
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.

Files
FinalMQP.pdf

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Project Type	MQP
Submission date	2008-04-24
Authors	Jessica Copp, MAC Yurong Y Mao, MA Alexander Tolivaisa, MAC
URN	E-project-042408-150024
Title	Insurance Product Development
Advisor	Abraham, Jon P, MA
Availability	unrestricted
Abstract 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.
Files	FinalMQP.pdf