Title page for E-project-043009-173214

Project Type MQP

Submission date 2009-04-30

Authors
Ethan D Brown, MAC
Norman Lam, nlam@WPI.EDU, MAC

URN E-project-043009-173214

Sponsor The Hanover Group

Title Analyzing Trends in Loss Frequency and Severity

Advisor
Abraham, Jon P, MA

Availability restricted

Abstract
Hanover Insurance evaluates historical data to analyze trends in loss frequency and severity of claims. The trends are caused by external factors, such as legislative, environmental and economic forces. Trends were analyzed using two different approaches, one correlating the trends from prior data to external factors, and another comparing the impact of events to trends in the data. The analysis mathematically quantified the effect of each external force and isolated factors which were most significant to the trends.

Files
Analyzing_Trends_In_Losses.pdf
Analyzing_Trends_In_Losses_Excel.xlsm
There is one file which has been withheld at the advisor's request.
indicates that a file or directory is accessible from the WPI campus network only.

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Project Type	MQP
Submission date	2009-04-30
Authors	Ethan D Brown, MAC Norman Lam, nlam@WPI.EDU, MAC
URN	E-project-043009-173214
Sponsor	The Hanover Group
Title	Analyzing Trends in Loss Frequency and Severity
Advisor	Abraham, Jon P, MA
Availability	restricted
Abstract Hanover Insurance evaluates historical data to analyze trends in loss frequency and severity of claims. The trends are caused by external factors, such as legislative, environmental and economic forces. Trends were analyzed using two different approaches, one correlating the trends from prior data to external factors, and another comparing the impact of events to trends in the data. The analysis mathematically quantified the effect of each external force and isolated factors which were most significant to the trends.
Files	Analyzing_Trends_In_Losses.pdf Analyzing_Trends_In_Losses_Excel.xlsm There is one file which has been withheld at the advisor's request. indicates that a file or directory is accessible from the WPI campus network only.