This project develops and prices an innovative insurance product that protects against myopia (short-sightedness) risk.
Our team, from the University of Hong Kong, is one of the finalist (Top 6 teams out of 64 teams globally)
Highlight of the project:
- Attempt to offer protection against a new risk -- Myopia (short-sightedness) risk
- Assumptions based on research in US, Hong Kong and other countries, adjusted for demographic characteristics
- Actuarial cash flow / pricing model with stochasitic test
- Sensitivity test and profitability anaylsis