Fuzzy methods incorporated to the study of personal insurances
A. Terceño, J. de Andrés, C. Belvis, G. Barberà. Universitat Rovira i Virgili
- Fuzzy Economic Review: Volume I, Number 2. November 1996
- DOI: 10.25102/fer.1996.02.06
Abstract
The price of the individual life insurance depends on the insurer's age and the technical interest rate. The first is a random variable and its perfomance is determinated by a mortality law. The second variable tradicionally has been considered a certain parameter in spite of being an uncertain variable.
The purpose of this paper is to analize how to fix premiums of some types of life insurance including the randomness of the mortality of an individual and the uncertainty associated with the interest rate that the insurance company will obtain investing the premiums.