| Issue |
Math. Model. Nat. Phenom.
Volume 16, 2021
Mathematical Models and Methods in Epidemiology
|
|
|---|---|---|
| Article Number | 34 | |
| Number of page(s) | 20 | |
| DOI | https://doi.org/10.1051/mmnp/2021028 | |
| Published online | 04 June 2021 | |
Fair insurance premium rate in connected SEIR model under epidemic outbreak*
1
National Research University Higher School of Economics, Laboratory of Stochastic Analysis and its Applications,
Moscow, Russia.
2
University of Lausanne, Department of Actuarial Science,
Lausanne, Switzerland.
** Corresponding author: chernov1251@gmail.com
Received:
26
October
2020
Accepted:
17
May
2021
In this paper, we aim to determine an optimal insurance premium rate for health-care in deterministic and stochastic SEIR models. The studied models consider two standard SEIR centres characterised by migration fluxes and vaccination of population. The premium is calculated using the basic equivalence principle. Even in this simple set-up, there are non-intuitive results that illustrate how the premium depends on migration rates, the severity of a disease and the initial distribution of healthy and infected individuals through the centres. We investigate how the vaccination program affects the insurance costs by comparing the savings in benefits with the expenses for vaccination. We compare the results of deterministic and stochastic models.
Mathematics Subject Classification: 92D30 / 37N25 / 91G60 / 34A30
Key words: Optimal premium level / SEIR / epidemics / vaccination
© The authors. Published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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