Title page for E-project-042408-163806

Project Type MQP

Submission date 2008-04-24

Authors
Jeremy Johnathan Brokaw, MAC
Karl Shen, MAC
Zijing Yin, tingting@WPI.EDU, MAC

URN E-project-042408-163806

Title The Great Lakes Insurance Company

Advisor
Abraham, Jon P, MA

Availability unrestricted

Abstract
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.

Files
GLIC.pdf

Browse by Author | Browse by Department | Search all available E-projects

Questions? Email project-questions@wpi.edu
Maintained by webmaster@wpi.edu

Project Type	MQP
Submission date	2008-04-24
Authors	Jeremy Johnathan Brokaw, MAC Karl Shen, MAC Zijing Yin, tingting@WPI.EDU, MAC
URN	E-project-042408-163806
Title	The Great Lakes Insurance Company
Advisor	Abraham, Jon P, MA
Availability	unrestricted
Abstract 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.
Files	GLIC.pdf