Title :
Insurance pricing under uncertainty by means of distortion function
Author_Institution :
School of Economics and Management, Northwest University Xi´´an City, Shaanxi 710069, China
Abstract :
Premium calculation or insurance pricing under uncertainty is a prominent problem in actuarial science. In this paper we present the distortion premium calculation principle in uncertain environment. Firstly, we introduce the concept of distortion premium calculation principle based on uncertainty theory. Then, some fundamental properties of the proposed distortion premium calculation principle are investigated. Finally, some numerical examples are illustrated.
Keywords :
Distortion measurement; Economics; Insurance; Mercury (metals); Pricing; Uncertainty; distortion function; insurance; insurance pricing; premium principle; uncertainty theory;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5887111
