Abstract:
In order to increase efficiency, companies are continually developing new computer programs and processes. Insurance companies, in particular, depend upon software languages to implement calculations and studies of historical data. Such studies allow observation of data trends and necessary rate changes. Analysis of election rates on policyholders' Guaranteed Insurability option is an interesting option. Shortcomings can be found, however, in companies' studies. I realized the inefficiencies of my employer's Guaranteed Insurability study through my internship this past summer. By creating a Statistical Analysis System program to analyze election rates, I observe this company's current procedure and construct a more proficient process for analysis.
