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Catastrophe events occur rather infrequently, but upon their occurrence, can lead to colossal losses for insurance companies. Due to their size and volatility, catastrophe losses are often treated separately from other insurance losses. In fact, many property and casualty insurance companies feature a department or team which focuses solely on

Catastrophe events occur rather infrequently, but upon their occurrence, can lead to colossal losses for insurance companies. Due to their size and volatility, catastrophe losses are often treated separately from other insurance losses. In fact, many property and casualty insurance companies feature a department or team which focuses solely on modeling catastrophes. Setting reserves for catastrophe losses is difficult due to their unpredictable and often long-tailed nature. Determining loss development factors (LDFs) to estimate the ultimate loss amounts for catastrophe events is one method for setting reserves. In an attempt to aid Company XYZ set more accurate reserves, the research conducted focuses on estimating LDFs for catastrophes which have already occurred and have been settled. Furthermore, the research describes the process used to build a linear model in R to estimate LDFs for Company XYZ's closed catastrophe claims from 2001 \u2014 2016. This linear model was used to predict a catastrophe's LDFs based on the age in weeks of the catastrophe during the first year. Back testing was also performed, as was the comparison between the estimated ultimate losses and actual losses. Future research consideration was proposed.
ContributorsSwoverland, Robert Bo (Author) / Milovanovic, Jelena (Thesis director) / Zicarelli, John (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
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Description
As construction and building methods advance so should their focus on reconstruction post-natural disasters. For the past 50 years there has been an average of 6.2 hurricanes making landfall, and several recent unfortunate occurrences in the past year that have caused immeasurable damage and taken priceless lives (Chris Landsea 2017).

As construction and building methods advance so should their focus on reconstruction post-natural disasters. For the past 50 years there has been an average of 6.2 hurricanes making landfall, and several recent unfortunate occurrences in the past year that have caused immeasurable damage and taken priceless lives (Chris Landsea 2017). Damages could have been significantly reduced to residential homes and lives saved if proper, hurricane-resistant construction was used. It is important to continue advancement in efficient planning and reconstructive methods to restore individuals into their homes and ensure their safety in the future. Utilizing tested resilient building methods may increase construction costs but has a visible payoff through mitigation of economic losses in the future. This can also help develop response and mitigation plans based on the very specific conditions of each community or affected location. To do so, it is crucial to continue research and test various methods of construction and materials in residential homes. This study was a comparative analysis of the current roof systems implemented in residential homes, the role of hurricane testing facilities in maintaining building codes, and how damage incurred by hurricanes can be significantly reduced through a shift in the approach of homeowner insurance incentive. The purpose of this study was to provide a feasible and practicable solution for increasing implementation of hurricane resistant construction into homes. The results of this analysis concluded that there is a low percentage of homeowners investing in making their homes hurricane resilient. By re-inventing the incentive methods that insurance companies offer, this problem can step into the right direction in making more homes hurricane resilient consequently reducing damages, deaths, and economic loss.
ContributorsVarkalaite, Migle (Author) / Sullivan, Kenneth (Thesis director) / Ayer, Steven (Committee member) / School of International Letters and Cultures (Contributor) / Del E. Webb Construction (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
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Description
Abstract The purpose of this study was to discover the most prominent factors that affect the Arizona population from routinely visiting the dentist. For many people there is a factor of anxiety or fear, while others have issues with cost, insurance, or even the dental clinic environment. My study looks

Abstract The purpose of this study was to discover the most prominent factors that affect the Arizona population from routinely visiting the dentist. For many people there is a factor of anxiety or fear, while others have issues with cost, insurance, or even the dental clinic environment. My study looks at some of these factors and supports the data with available research on dental avoidance factors. A significant portion of the study is also allotted to potential solutions to these avoidance factors, in order to increase regular dental visitation. Oral health is extremely important not only to the teeth, but also to the rest of the body. Therefore, it is important to address avoidance factors and find potential solutions to these problems. The study involved 71 participants, eighteen years of age or older, and a questionnaire with twenty-one questions. These questions asked the participants about gender, ethnicity, age, employment, reasons for avoidance, oral health education, and past dental experiences. These questions were designed to better understand how a person's background and understanding of dentistry affect their decision to visit the dentist. These questions also provide insight to why certain avoidance factors apply to different groups of people in the Arizona population. The results of the study showed that anxiety, price, insurance issues, and the personality of the dentist are the most prominent factors that cause individuals to avoid the dentist. Potential solutions to these avoidance factors were given, especially for anxious individuals. There are dentists who deal specifically with anxious individuals through sedation dentistry. Regarding price, there were several options for free or low-cost dental clinics that were provided. Preventative dentistry education was an important focus and solution to many of the avoidance factors, because when individuals are more aware of how to care for their teeth, there is a greater chance that they will have healthier teeth and dental visits will be less invasive and costly. Suggestions were provided for spreading oral health education and preventative dentistry through community programs and schools. Among the avoidance factors addressed, solutions provided, and the importance of oral health and preventative dentistry reiterated, the study stressed the importance of the results to my future profession. As a future dental practitioner, the data and research will be used in order for me to become a more compassionate and accommodating practitioner to my future patients. There is a special relationship and trust between the dental practitioner and their patient, and this study has helped me better understand how to accommodate patients and eliminate the factors that cause them to avoid regular dental visits.
ContributorsValimaki, Casey Jordyn (Author) / Washo-Krupps, Delon (Thesis director) / Bang, Christofer (Committee member) / Schoenborn, Scot (Committee member) / School of International Letters and Cultures (Contributor) / School of Life Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2016-05
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Description
AARP estimates that 90% of seniors wish to remain in their homes during retirement. Seniors need assistance as they age, historically they have received assistance from either family members, nursing homes, or Continuing Care Retirement Communities. For seniors not wanting any of these options, there has been very few alternatives.

AARP estimates that 90% of seniors wish to remain in their homes during retirement. Seniors need assistance as they age, historically they have received assistance from either family members, nursing homes, or Continuing Care Retirement Communities. For seniors not wanting any of these options, there has been very few alternatives. Now, the emergence of the continuing care at home program is providing hope for a different method of elder care moving forward. CCaH programs offer services such as: skilled nursing care, care coordination, emergency response systems, aid with personal and health care, and transportation. Such services allow seniors to continue to live in their own home with assistance as their health deteriorates over time. Currently, only 30 CCaH programs exist. With the growth of the elderly population in the coming years, this model seems poised for growth.
ContributorsSturm, Brendan (Author) / Milovanovic, Jelena (Thesis director) / Hassett, Matthew (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Economics Program in CLAS (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
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Description

The objective of this study is to build a model using R and RStudio that automates ratemaking procedures for Company XYZ’s actuaries in their commercial general liability pricing department. The purpose and importance of this objective is to allow actuaries to work more efficiently and effectively by using this model

The objective of this study is to build a model using R and RStudio that automates ratemaking procedures for Company XYZ’s actuaries in their commercial general liability pricing department. The purpose and importance of this objective is to allow actuaries to work more efficiently and effectively by using this model that outputs the results they otherwise would have had to code and calculate on their own. Instead of spending time working towards these results, the actuaries can analyze the findings, strategize accordingly, and communicate with business partners. The model was built from R code that was later transformed to Shiny, a package within RStudio that allows for the build-up of interactive web applications. The final result is a Shiny app that first takes in multiple datasets from Company XYZ’s data warehouse and displays different views of the data in order for actuaries to make selections on development and trend methods. The app outputs the re-created ratemaking exhibits showing the resulting developed and trended loss and premium as well as the experience-based indicated rate level change based on prior selections. The ratemaking process and Shiny app functionality will be detailed in this report.

ContributorsGilkey, Gina (Author) / Zicarelli, John (Thesis director) / Milovanovic, Jelena (Committee member) / Barrett, The Honors College (Contributor) / School of Mathematical and Statistical Sciences (Contributor)
Created2022-05
Description
This report describes the technology, benefits, and deployment of autonomous vehicles and how they are expected to impact the insurance industry, specifically collision coverage policies. A pure premium trend analysis is done to come up with a realistic prediction of how the frequency and severity of vehicle collisions will change

This report describes the technology, benefits, and deployment of autonomous vehicles and how they are expected to impact the insurance industry, specifically collision coverage policies. A pure premium trend analysis is done to come up with a realistic prediction of how the frequency and severity of vehicle collisions will change over time. Two additional scenarios are done to address the fact that there is still uncertainty surrounding the timing of the implementation of AVs. Lastly, the risks that come with AVs are discussed along with potential risk mitigation strategies.
ContributorsMullenmeister, Morgan (Author) / Zhou, Hongjuan (Thesis director) / Milovanovic, Jelena (Committee member) / Zicarelli, John (Committee member) / Barrett, The Honors College (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / School of International Letters and Cultures (Contributor)
Created2022-12