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A new uncertain insurance model with variational lower limit

Author

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  • Liu, Yang
  • Zhang, Xingfang
  • Ma, Weimin

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.

Suggested Citation

  • Liu, Yang & Zhang, Xingfang & Ma, Weimin, 2017. "A new uncertain insurance model with variational lower limit," Insurance: Mathematics and Economics, Elsevier, vol. 74(C), pages 164-169.
    • Handle: RePEc:eee:insuma:v:74:y:2017:i:c:p:164-169
    DOI: 10.1016/j.insmatheco.2016.12.005
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    References listed on IDEAS

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    8. Chen, Xiaowei, 2012. "Variation analysis of uncertain stationary independent increment processes," European Journal of Operational Research, Elsevier, vol. 222(2), pages 312-316.
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