THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION
Premiums are costs paid by policyholders to insurance companies in return for risk coverage, insurance companies determine reasonable premiums in accordance with insurance products, one of the determination of these premiums can be determined by the utility function. The utility function measures in...
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id-itb.:497222020-09-18T14:21:36ZTHE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION Mediana Mulia Suparman, Nur Indonesia Final Project utility function, premium, logarithmic, exponential, risk averse. INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/49722 Premiums are costs paid by policyholders to insurance companies in return for risk coverage, insurance companies determine reasonable premiums in accordance with insurance products, one of the determination of these premiums can be determined by the utility function. The utility function measures individual preferences in each of the choices available in decision making. In this final project, the premium is determined by maximizing the value of utility expectations involving the function of policy holders and insurance companies by assuming each party is risk averse. The utility functions to be discussed are logarithmic and exponential forms. text |
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Institut Teknologi Bandung |
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Indonesia Indonesia |
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Premiums are costs paid by policyholders to insurance companies in return for risk coverage, insurance companies determine reasonable premiums in accordance with insurance products, one of the determination of these premiums can be determined by the utility function. The utility function measures individual preferences in each of the choices available in decision making. In this final project, the premium is determined by maximizing the value of utility expectations involving the function of policy holders and insurance companies by assuming each party is risk averse. The utility functions to be discussed are logarithmic and exponential forms. |
| format |
Final Project |
| author |
Mediana Mulia Suparman, Nur |
| spellingShingle |
Mediana Mulia Suparman, Nur THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION |
| author_facet |
Mediana Mulia Suparman, Nur |
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Mediana Mulia Suparman, Nur |
| title |
THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION |
| title_short |
THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION |
| title_full |
THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION |
| title_fullStr |
THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION |
| title_full_unstemmed |
THE ROLE OF UTILITY FUNCTION IN PREMIUM ESTIMATION |
| title_sort |
role of utility function in premium estimation |
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https://digilib.itb.ac.id/gdl/view/49722 |
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