Student Work

Stochastic modeling for waiver-of-premium to estimate reserve volatility

Public

Downloadable Content

open in viewer

A stochastic model is developed in APL and used to simulate the full distribution of present value of future costs of Sun Life Financials' extended death benefit claims. The program is proposed as a valuation tool which enables the development of realistic reserve levels. Using actual claim data and Sun Life assumptions simulation is used to verify that current reserve levels on extended death benefit claims are overly conservative.

  • This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.
Creator
Publisher
Identifier
  • 02D367M
Advisor
Year
  • 2002
Date created
  • 2002-01-01
Resource type
Major
Rights statement
License

Relations

In Collection:

Items

Items

Permanent link to this page: https://digital.wpi.edu/show/3t945v10h