Determination of Mount Eruption Insurance Premiums in Indonesia Based on Collective Risk and Level of Risk Spread
Kalfin Kalfin,
Sukono Sukono,
Trisha Magdalena Adelheid Januaviani
et al.
Abstract:Volcano eruption insurance is an insurance product that provides financial protection to policy holders who experience losses due to volcanic eruptions. This insurance product is still rarely developed in Indonesia, even though this country is very vulnerable to natural disasters. Therefore, this research aims to carry out a simulation of determining volcanic eruption disaster insurance premiums based on collective risk and the level of risk distribution. The data used in this research is the frequency of even… Show more
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