The Research On The Model Of The Insurance Optimal Coverage

With the development of the global economy, the insurance products combination has become a new insurance program design mode, which can fully cover the enterprises’risk and be applied more and more widely. However, because of the primary stage of the insurance markets and the limited ability of insurers to the risk covering problems, the insurance program was always constituted of the paratactic types, which weren’t established the relationship between risk and insurance effectively. Because of the factors above, the insurance products combination model has some obvious defects in the ability of risk covering, which should be paid more attention to and further researched.The insurance optimal coverage was a comprehensive insurance program mode that achieves the insured’s aim of the minimum premium under the risk coverage. From the insurance designer viewpoint, the mode didn’t change the original insurance. Based on risk assessment, linear programming model was used to combine the insurance products through the scientific and reasonable way for the risk optimal coverage. In the mode, the Synthetical Index method and RAC were firstly used to analysis, evaluate and calculate the risk of the objectives. Secondly, AHP was applied to identify the priority of the insurance. Thirdly, the linear programming model was used to combine the risk and the insurance, and then we calculate the optimal purchases of the insurance by equations to design the lowest premium package of the insurance which can cover the risk completely and avoid the overlap.Finally, the advantage of this optimal model has been reflected through the comparison with the old ones. Feasibility has been corroborated by the insurance optimal coverage model of application samples.