Abstract:In the area of insurance, probability modeling has a wide variety of applications. In life insurance, the compensation sum is calculated in advance and may often be estimated using actuarial techniques, while in motor insurance, the claim amount is generally not known in advance. In the insurance business, the improvement of actuarial risk control strategies is an essential technique for controlling insurance risk. Although an insurance company’s risk assessment about its solvency is a complex and detailed pro… Show more
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