A new uncertain insurance model with variational lower limit

Yang Liu, Xingfang Zhang and Weimin Ma

Insurance: Mathematics and Economics, 2017, vol. 74, issue C, 164-169

Abstract: Uncertainty theory provides a new tool to deal with uncertainty. The paper employs it to propose a new uncertain insurance model with variational lower limit, and gives a ruin index and uncertainty distribution for the uncertain insurance risk process that claim process is a renewal reward process. The model extends and improves uncertain insurance model presented by Liu. Finally, it also provides examples to illustrate the effectiveness of the model.

Keywords: Uncertainty theory; Uncertain insurance model; Variational lower limit; Uncertain renewal reward process; Insurance (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:insuma:v:74:y:2017:i:c:p:164-169

DOI: 10.1016/j.insmatheco.2016.12.005

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