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Channel: ScienceDirect Publication: Insurance: Mathematics and Economics
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A new uncertain insurance model with variational lower limit

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Publication date: Available online 29 March 2017
Source:Insurance: Mathematics and Economics
Author(s): Yang Liu, Xingfang Zhang, Weimin Ma
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 indexes 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.


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