Insolvency Prediction of Property and Casualty Insurers

The intern will study possible enhancements to insolvency prediction models of the partner company. Her study will extend the previous models by combining macroeconomic market information and firm-specific information to identify firms facing possible financial trouble. The results of the study will provide helpful information for the company’s surveillance efforts to prevent insolvency or reduce the costs of insolvency for PACICC.

Estimation of Joint Distribution from Marginal Totals with Applications to Database Marketing

In many customer surveys and database marketing applications such as segmentation, profiling and predicting consumers’ choices, the joint distributions of covariates of interests are required. However, for variety of reasons, such as protection of clients’ confidentiality, the data are often available only in marginal frequency distribution format. This makes it difficult to use the covariates in a meaningful way where joint distributions are required for analysis decision making.