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This report addresses selected methodological aspects of proactive reliability, functional safety and cyber security management in life cycle of industrial automation and control systems (IACS) in hazardous plants and oil port critical installations based on the analysis of relevant hazards / threats and evaluation of related risks. In addition the insurance company point of view has been also considered,...
As discussed in the recent literature, several innovative car insurance concepts are proposed in order to gain advantages both for insurance companies and for drivers. In this context, the “pay-how-you-drive” paradigm is emerging, but it is not thoroughly discussed and much less implemented. In this paper, we propose an approach in order to identify the driver behavior exploring the usage of unsupervised...
This article discusses the issue of cyber risk insurance. The author presents the use of the Pareto analysis for the identification and evaluation of assets of the organization. Utilization of this method is presented on the generalized type of organization that is used for modeling the example. The results of the analysis are presented through tables and charts, which are used for accurate representation...
This study describes the effect and outcome of arteriovenous fistula operations in Taiwan by analyzing case linkage in Taiwan's National Health Insurance Research Database (NHIRD) from 1997 to 2010. 3,374 patients and 3,866 cases with confirmed clinical details of arteriovenous fistulae were queried from the 1/20-sampled hospitalization dataset. The overall patency rate is above 80.00% in 600 weeks...
In risk analysis in health insurance, one fundamental duty is to classify the insured into the risk categories which are essentially the vague concepts. A defining feature of vague concepts that their boundaries are uncertain. Inthis paper, we take a prototype theory approach to represent risk categories. In this representation, each label is associated with a prototype and has a probability density...
Program Trading originates from combination trading technology in 70's in America. It was popular but once it was considered as root of disaster. Nowadays, there are many divergences on program trading risk in international academic world. This essay is to analyze program trading on risk of stock market. The method adopts computational experiment to build artificial stock market under various experimental...
This paper describes how limited liability leads to risk-loving behaviour of nuclear power companies and on average too unsafe nuclear power plants. By reviewing current regulatory regimes, we show that this issue is not sufficiently taken care of by today's regulation. Therefore, we evaluate five regulatory instruments: (1) safety regulation, (2) minimum equity requirements, (3) mandatory insurance,...
Under the trend of social development in maintaining social fairness and justice and protecting the people living, care workers' labor rights protection is in a disadvantaged position, which should be concerned and not be ignored. In this paper, care workers' basicliving conditions were collected through the social survey questionnaire, the existing dominant and recessive risks were classified and...
This paper points out various risks existing in the course of logistics outsourcing, such as system change, moral credit failure, uncontrolled operations, and vague contractual liability. After intensively analyzing these risks, the author raises some concrete and effective measures on how to prevent and control these risks. The aim of this paper is to provide some references to those enterprises...
Risk analysis and appraisal of the benefits of structural flood risk management measures such as embankments is well established. Here, a method to quantify, over extended timescales, the effectiveness of non-structural measures such as land use spatial planning, insurance and flood resilient construction is presented. The integrated approach couples socio-economic and climate change scenarios with...
In this paper, we consider the classical risk model with a linear dividend barrier. In this model, we study the Gerber-Shiu discounted penalty function. Two integro-differential equations for the Gerber-Shiu discounted penalty function are derived. The analytic results of discounted penalty function are obtained.
The process of comprehensive insurance of technical objects/plants requires a deep knowledge of the insurer as regards the hazards and risk factors. Therefore, any insurance company uses a methodology of risk assessment before undertaking the insuring decisions. The object/plant specific factors cause that each case should analyzed and assessed individually and appropriate insurance conditions should...
Article describes the social health insurance fund management in China's current situation, analysis of the social health insurance funds face from the political, economic, social, and moral, many levels of the various risks and challenges, proposed to speed up legislation, strengthen management, improve supervision, efficiency measures.
Our passage brings up some reformed methods according to the current student loan policy of risk compensation. In Bayesian model, we can analyze default rate based on consecutive default rates of several years of a bank, thus obtaining an overall default condition of this bank. Then by standardizing these data, we can gain the final risk compensation rate of this bank. Compared with the current compensation...
Let AD(u) be the deficit at ruin in the delayed renewal risk model, where u is the initial capital of the company. Under the assumption that the equilibrium distribution of the claim size belongs to the subexponential class, this paper obtains an asymptotic formula for the φ-moment of AD(u). This result improves the related works in the recent literature.
Consider an insurance risk model, in which the surplus process satisfies a recursive equation Un = Un-1(1 + r) - Xn for n ≥ 1, where, U0 = x ≥ 0 is the initial surplus, r > 0 is the constant interest rate, each Xn denotes the gross loss during the nth year, and Xn, n = 1, 2, ..., constitute a sequence of i.i.d. real valued r.v.'s with common d.f. F. This paper investigates the ruin probability...
Regarding the rate-making method of engineering insurance, there isn't a uniform standard in the field of insurance for a long time. Although there is a trend to calculate the engineering insurance rate based on the method of risk coefficient adjustment recent years, it doesn't consider the significance of the risk synthetically by combining project cost and doesn't consider the risk control condition...
Ever since a long time ago, the system of divided operation has been always been existing in the financial industry in China. Since the reform and opening-up in China, the financial industry has switched from mixed operation to divided operation and then back to mixed operation. The original idea of divided operation is to construct a financial firewall between commercial banks and securities companies...
Risk analysis is a very important subject not only in theory but also in applications. This paper introduces two types of transform functions to characterize risk measures based on credibility theory. Firstly, a brief history of risk theory has been reviewed. Secondly, the concepts of transform functions and fuzzy risk measures are formally defined. Thirdly, some basic properties of the two types...
People spend a lot of money to keep healthy. So health problem has affected investors' earnings and their decision of asset allocation. By means of thinking about the relative effect of health problem this paper proposed an optimization model and solved it in single period. Meanwhile an empirical demonstration about the relationship between life expectancy and social cost was adopted. After discussion...
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