On Stochastic Orders and their Applications: Policy Limits and Deductibles

Authors

Meriem Bouhadjar, LaPS laboratory, Badji-Mokhtar University, BP12, Annaba 23000-AlgeriaFollow
Halim Zeghdoudi, LaPS laboratory, Badji-Mokhtar University, BP12, Annaba 23000-AlgeriaFollow
Mohamed Riad Remita, LaPS laboratory, Badji-Mokhtar University, BP12, Annaba 23000-AlgeriaFollow

Author Country (or Countries)

Algeria

Abstract

The paper deals with several types of stochastic order affecting random variables and linear combinations of random variables. We study the problem of finding maximal expected utility for some functionals on insurance portfolios involving some additional (independent) randomization. Applications in policy limits and deductible are obtained, and some relationships with other actuarial main topics (comparison of copulas, individual and collective risk models, reinsurance contracts, etc.) are studied too.

Digital Object Identifier (DOI)

http://dx.doi.org/10.18576/amis/100417

Recommended Citation

Bouhadjar, Meriem; Zeghdoudi, Halim; and Riad Remita, Mohamed (2016) "On Stochastic Orders and their Applications: Policy Limits and Deductibles," Applied Mathematics & Information Sciences: Vol. 10: Iss. 4, Article 17.
DOI: http://dx.doi.org/10.18576/amis/100417
Available at: https://digitalcommons.aaru.edu.jo/amis/vol10/iss4/17