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dc.contributor.authorPathak, Pooja
dc.contributor.authorKumar, Sanjeev
dc.date.accessioned2010-11-24T08:24:26Z
dc.date.available2010-11-24T08:24:26Z
dc.date.issued2010-06-02
dc.identifier.citationVol.3(9), p.314-317en_US
dc.identifier.urihttp://dspace.unimap.edu.my/123456789/10282
dc.description1st Regional Conference on Applied and Engineering Mathematics (RCAEM-I) 2010 organized by Universiti Malaysia Perlis (UniMAP) and co-organized by Universiti Sains Malaysia (USM) & Universiti Kebangsaan Malaysia (UKM), 2nd - 3rd June 2010 at Eastern & Oriental Hotel, Penang.en_US
dc.description.abstractWith lot of players in insurance market and to retain the existing customer base, the market seems to be very aggressive. Every institution has been trying to woo new customers with new products and offer new policies every now and then to existing customers. The challenge for holding the market share and maintain a consistent growth rate has been a pain area in recent years. Statisticians and actuaries have always been on toes in formulating new rules to provide extra leverage over other counterparts in market. Since the factor to which the risk value is attached is always give to new ideas towards insurance. This approach provides a third dimension to the existing method of calculating premiums , which is dynamic and may be further refined to address to every individual needs. Therefore a fuzzy logic approach is used to determine the premium.en_US
dc.language.isoenen_US
dc.publisherUniversiti Malaysia Perlis (UniMAP)en_US
dc.relation.ispartofseriesProceedings of the 1st Regional Conference on Applied and Engineering Mathematics (RCAEM-I) 2010en_US
dc.subjectRegional Conference on Applied and Engineering Mathematics (RCAEM)en_US
dc.subjectInsurance businessen_US
dc.subjectFuzzy logicen_US
dc.titlePremium allocation – Fuzzy approach in insurance businessen_US
dc.typeWorking Paperen_US
dc.publisher.departmentInstitut Matematik Kejuruteraanen_US


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