What is Stochastic modelling (insurance)?

Mathematical modelling competitions are team competitions for students that aim to promote mathematical modelling to solve problems of real-world importance. Several types of math contests exist. Contests are held at...

The Gleaner Life Insurance Society, originally the Ancient Order of Gleaners, is a fraternal benefit society based in Adrian, Michigan.

Public insurance adjusters help policy holders receive payment from insurance companies. Public adjusters represent the policyholder for a small percentage of the resulting settlement money from the insurance claim.

Stochastic Process Rare Event Sampling is a Rare Event Sampling method in computer simulation, designed specifically for non-equilibrium calculations, including those for which the rare-event rates are time-dependent. To treat...

Stochastic Petri nets are a form of Petri net where the transitions fire after a probabilistic delay determined by a random variable.

Finite risk insurance is the term applied within the insurance industry to describe an alternative risk transfer product that is typically a multi-year insurance contract where the insurer bears limited...

Insurance in Iraq refers to the insurance industry in Iraq and charts its history from the Babylonians of Mesopotamia through to the present day, by highlighting key events , people...

Peer-to-peer insurance is a reciprocity insurance contract through the Collaborative consumption concept.

Stochastic universal sampling is a technique used in genetic algorithms for selecting potentially useful solutions for recombination. It was introduced by James Baker. SUS is a development of fitness proportionate...

In process calculus a stochastic probe is a measurement device that measures the time between arbitrary start and end events over a stochastic process algebra model.