S.A. ALIYEV, Y.I. YELEYKO, I. KUSHNIR
STOCHASTIC MODEL FOR EVALUATING INSURANCE POLICIES IN HEALTH INSURANCE


Markov model of insurance policies with a focus on health insurance is proposed. The formulas for calculating the present value of the payments are derived.

Keywords: voluntary health insurance, a Markov process, the actuarial present value
Institute of Control Systems of the Ministry of Science and Education of the Republic of Azerbaijan
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