Physical Sciences and Mathematics Commons^™

An Actuarial Approach To Personal Injury Protection Severity, Jason Colgrove

Undergraduate Honors Theses

Insurance companies examine the risk of financial losses for their policyholders as a way to accurately price insurance policies. Within the automobile insurance sector, the frequency of crashes and the associated liabilities started to increase in late 2013 when it had been on the decline for close to a decade. The purpose of this research focuses on the possible correlated variables that could lead to a better understanding of this change. To embark on this task, we teamed up with the Society of Actuaries, Casualty Actuarial Society, and the American Property Casualty Insurance Association to obtain data regarding frequency, severity, …