The Estimated Value of Losses and Insurance Due to Citarum River Flooding

Abstract

Flooding in Citarum always happens in Bandung District which causes loss of property, household damage, diseases moreover decease. The government provides aid for flood victims, but the help is not cover losses. In this circumstance, people need insurance. This study aims to set up flood insurance based on economic conditions, areas, and losses due to flooding. To find out the conditions, interviewed the village chief of Baleendah. The analytical methods used are linear regression analysis and analysis method mix. Linear regression analysis was used to estimate flood losses that will serve as the sum insured in the form of insurance products. Analysis mixture consisting of identification areas, conditions, and alternative insurance models used to establish the right flood insurance for Baleendah. Results show the estimation of flood losses and flood insurance appropriate to the condition of Baleendah.

Determining Agricultural Premium Insurance in Malang City using Black Scholes Model

“…Insurance is a challenge that provides compensation due to agricultural business losses (Irianingsih et al, 2020;Bhise et al, 2007;Jain, 2004). The premium is the payment of a certain amount of money by the insured to the insurer (Dafny et al, 2012;sari et al, 2020).…”