Computational Mathematics and Modeling

, Volume 9, Issue 4, pp 335–341 | Cite as

Determination of the optimal level of risk deduction by an insurance company

  • A. A. Borisov


We study the dependence of the insurance premium on the limit of liability of the insurance company with respect to individual risk. We determine the conditions under which the relative insurance surcharge will have a minimum. By choosing the optimal limit of liability corresponding to a minimum of insurance surcharge, the insurance company decreases the cost of insurance.


Mathematical Modeling Computational Mathematic Industrial Mathematic Optimal Level Individual Risk 
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Literature Cited

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    L. I. Raitman, ed.,Insurance [in Russian], Bank and Stock Consulting Center, Moscow (1992).Google Scholar
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    Russian Federation Mandate of 16 May 1994Open image in new window: On the specifics of determining the taxable base for tax payments by insurers on profit.Google Scholar
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    G. I. Falin and A. I. Falin,Introduction to Actuarial Mathematics [in Russian], Finance/Actuarial Center of Moscow State University (1994).Google Scholar
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    I. D. Currie,Loss Distribution, Heriot-Watt University, Edinburgh (1992).Google Scholar
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    N. L. Bowers et al.,Actuarial Mathematics, The Society of Actuaries, Itasca, Illinois (1986).Google Scholar

Copyright information

© Plenum Publishing Corporation 1998

Authors and Affiliations

  • A. A. Borisov

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