Epidemic Compartmental Models and Their Insurance Applications

Autor: Sooie-Hoe Loke, Linfeng Zhang, José Garrido, Runhuan Feng, Longhao Jin
Rok vydání: 2021
Předmět:
Zdroj: Springer Actuarial ISBN: 9783030783334
DOI: 10.1007/978-3-030-78334-1_2
Popis: Our society’s efforts to fight pandemics rely heavily on our ability to understand, model and predict the transmission dynamics of infectious diseases. Compartmental models are among the most commonly used mathematical tools to explain reported infections and deaths. This chapter offers a brief overview of basic compartmental models as well as several actuarial applications, ranging from product design and reserving of epidemic insurance, to the projection of healthcare demand and the allocation of scarce resources. The intent is to bridge classical epidemiological models with actuarial and financial applications that provide healthcare coverage and utilise limited healthcare resources during pandemics.
Databáze: OpenAIRE