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The premium of uncertain risk based on standard deviation principle.

Authors :
Zhang, Yunqi
Sheng, Yuhong
Source :
Journal of Intelligent & Fuzzy Systems. 2023, Vol. 44 Issue 6, p9965-9975. 11p.
Publication Year :
2023

Abstract

Risk measurement and insurance pricing have always been issues of concern in actuarial science. Under the framework of uncertainty theory, this paper puts forward a new premium principle: uncertain standard deviation premium principle, proposes some of its properties about risk and compares the premiums of different risks. Based on the utility function of risk aversion, the additional premium coefficient is derived and two specific numerical examples are used to calculate the maximum premium. Furthermore, the unknown parameters of the policy with deductible are estimated by uncertain moment estimation and uncertain maximum likelihood estimation. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
10641246
Volume :
44
Issue :
6
Database :
Academic Search Index
Journal :
Journal of Intelligent & Fuzzy Systems
Publication Type :
Academic Journal
Accession number :
167306959
Full Text :
https://doi.org/10.3233/JIFS-223297