The Hurricane and Losses Prediction (HLP) project

Document Type

Abstract

Publication Date

Fall 12-1-2023

Abstract

Natural disasters like hurricanes are one of the greatest threats to insurance. For insurers, forecasting is necessary for both risk assessment and keeping customer reliability and financial stability. The Hurricane and Losses Prediction (HLP) project will analyze and predict hurricanes’ trends and impact on losses and insured value. The model will consider variables like location coordinates, wind and pressures, losses, and total insured value in its predictive model using two datasets gathered by Natural Hurricane Center (NHC) and Casualty Actuary Society (CAS). The project will provide the hurricane losses analysis and divide them into different risk levels. This analysis could help insurance companies make decisions in products and underwriting. This is also helpful for people who need to find safe residential areas.

Comments

Completed as part of the Computer Science Senior Capstone Project.

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