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Some Actuarial Formula of Life Insurance for Fuzzy Markets
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Applied Mathematics·Volume 02 (2011)·Pages 1046–1050·Published 3 August 2011·DOI10.4236/am.2011.28145
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Abstract
This paper presents an actuarial model of life insurance for fuzzy markets based on Liu process. At first, some researches about an actuarial model of life insurance for stochastic market and concepts about fuzzy process have been reviewed. Then, an actuarial model of life insurance for fuzzy process is formulated.
KeywordsFuzzy Actuarial ModelFuzzy ProcessLiu ProcessGeometric Liu ProcessActuarial Formula
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