Browse

Solvency of health insurance company depends on tariff politics that should be adequate to value of risks insured which depends on number of claims received. InsuredВ’s diseases can occur simultaneously or in various combinations so claims in health insurance are depended. Traditional actuarial methods based on calculation of proportion of insured with each disease among insured individuals donВ’t take into account possible dependencies between diseases occurrence. Multivariate probit models are the contemporary e...