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All Journal CAUCHY: Jurnal Matematika Murni dan Aplikasi
Muhammad Teguh Prayoga
Department of Mathematics, Faculty of Mathematics and Natural Sciences Universitas Brawijaya
Mathematics

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Actuarial Modeling of COVID-19 Insurance Mila Kurniawaty; Maulana Muhamad Arifin; Bagus Kurniawan; Sadam Laksamana Sukarno; Muhammad Teguh Prayoga
CAUCHY: Jurnal Matematika Murni dan Aplikasi Vol 7, No 3 (2022): CAUCHY: JURNAL MATEMATIKA MURNI DAN APLIKASI
Publisher : Mathematics Department, Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ca.v7i3.14999

Abstract

In this article, we provide an actuarial model expected to be able to help financial arrangements to cover losses due to the outbreak of coronavirus disease (COVID-19). We construct the dynamical models of premium and benefit based on generalized SEIR (Susceptible-Exposed-Infected-Recovered). Based on its dynamical model, we formulate the premium and the premium reserves on hospitalization and death benefits of the COVID-19 insurance.
Co-Authors Bagus Kurniawan Maulana Muhamad Arifin Mila Kurniawaty Sadam Laksamana Sukarno