DETERMINATION OF INSURANCE PREMIUMS AND RESERVES USING EPIDEMIOLOGICAL MODEL
Compartmental epidemiological models are mathematical approaches used to model the dynamic of epidemic diseases spread. Compartmental epidemiological models applied in this thesis are the SIR (Suscepted - Infected - Removed) and SIRD (Suscepted - Infected - Recovered - Death) models. This thesis...
Saved in:
| Main Author: | |
|---|---|
| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/82736 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | Compartmental epidemiological models are mathematical approaches used to
model the dynamic of epidemic diseases spread. Compartmental epidemiological
models applied in this thesis are the SIR (Suscepted - Infected - Removed) and
SIRD (Suscepted - Infected - Recovered - Death) models. This thesis aims to
determine the premium and reserve funds in disease insurance using these
compartmental epidemiological models. Parameters in the SIR and SIRD models
will be estimated using assumption-based approaches and optimization with
genetic algorithms. Once the model parameters are estimated, the model will be
used to predict the spread of the disease so that the premium and reserve funds for
disease insurance can be calculated through an actuarial approach. This research
are expected to contribute to the determination of accurate premiums and the
adequate planning of reserve funds for disease insurance. |
|---|