Title page for E-project-042507-194917

Project Type MQP

Submission date 2007-04-25

Authors
Timothy P Connor, MAC
Xinjia Liu, MAC
Gregory E Lynskey, MAC
Ida Rapaj, MAC

URN E-project-042507-194917

Sponsor Hanover Insurance Group

Title Analysis of Methods for Loss Reserving

Advisors
Abraham, Jon P, MA
Heinricher, Arthur C, MA

Availability unrestricted

Abstract
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.

Files
JPA0601.pdf

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Project Type	MQP
Submission date	2007-04-25
Authors	Timothy P Connor, MAC Xinjia Liu, MAC Gregory E Lynskey, MAC Ida Rapaj, MAC
URN	E-project-042507-194917
Sponsor	Hanover Insurance Group
Title	Analysis of Methods for Loss Reserving
Advisors	Abraham, Jon P, MA Heinricher, Arthur C, MA
Availability	unrestricted
Abstract 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.
Files	JPA0601.pdf