How to cite this paper
Sukono, S., Kalfin, K., Riaman, R., Supian, S., Hidayat, Y., Saputra, J & Mamat, M. (2022). Determination of the natural disaster insurance premiums by considering the mitigation fund reserve decisions: An application of collective risk model.Decision Science Letters , 11(3), 211-222.
Refrences
Aisah, I., Tampubolon, Y. R. H., Napitupulu, H., Supian, S., & Sidi, P. (2018). Estimated value of insurance premium due to Citarum River flood by using Bayesian method. In IOP Conference Series: Materials Science and Engineering (Vol. 332, p. 12047). IOP Publishing.
Alawiyah, M., Johar, D. A., & Ruchjana, B. N. (2021). Homogeneous Poisson process in daily case of covid-19. In Journal of Physics: Conference Series (Vol. 1722, p. 12078). IOP Publishing.
Banomyong, R., Beresford, A., & Pettit, S. (2009). Logistics relief response model: the case of Thailand's tsunami affected area. International Journal of Services Technology and Management, 12(4), 414–429.
Benali, N., & Feki, R. (2017). The impact of natural disasters on insurers' profitability: Evidence from Property/Casualty Insurance company in United States. Research in International Business and Finance, 42, 1394–1400.
Boratyńska, A. (2008). Posterior regret Γ-minimax estimation of insurance premium in collective risk model. ASTIN Bulletin: The Journal of the IAA, 38(1), 277–291.
Dewi, I. K., & Istiadi, Y. (2016). Mitigasi bencana pada masyarakat tradisional dalam menghadapi perubahan iklim di kampung naga kecamatan salawu kabupaten tasikmalaya [disaster mitigation on traditional community against climate change in kampong naga subdistrict salawu tasikmalaya]. Jurnal Manusia Dan Lingkungan, 23(1), 129–135.
Đurić, Z. (2013). Collective risk model in non-life insurance. Ekonomski Horizonti, 15(2), 163–172.
El-Masri, S., & Tipple, G. (2002). Natural disaster, mitigation and sustainability: the case of developing countries. International Planning Studies, 7(2), 157–175.
Hao, P., He, W., & Long, L.-R. (2018). Why and when empowering leadership has different effects on employee work performance: The pivotal roles of passion for work and role breadth self-efficacy. Journal of Leadership & Organizational Studies, 25(1), 85–100.
He, F., & Zhuang, J. (2016). Balancing pre-disaster preparedness and post-disaster relief. European Journal of Operational Research, 252(1), 246–256.
Hudson, P. (2018). A comparison of definitions of affordability for flood risk adaption measures: a case study of current and future risk-based flood insurance premiums in Europe. Mitigation and Adaptation Strategies for Global Change, 23(7), 1019–1038.
Kalfin, Sukono, Supian, S., Mamat, M., & Bon, A. T. (2020). Model for Determining Natural Disaster Insurance Premiums in Indonesia Using the Black Scholes Method. In Proceedings of the International Conference on Industrial Engineering and Operations Management, Detroit, Michigan, USA.
Kalfin, Sukono, Supian, S., & Mamat, M. (2021). Mitigation and models for determining premiums for natural disaster insurance due to excessive rainfall. In Journal of Physics: Conference Series (Vol. 1722, p. 12058). IOP Publishing.
Keerthiratne, S., & Tol, R. S. J. (2018). Impact of natural disasters on income inequality in Sri Lanka. World Development, 105, 217–230.
Kim, H., & Marcouiller, D. W. (2018). Mitigating flood risk and enhancing community resilience to natural disasters: plan quality matters. Environmental Hazards, 17(5), 397–417.
Kusumastuti, R. D., Husodo, Z. A., Suardi, L., & Danarsari, D. N. (2014). Developing a resilience index towards natural disasters in Indonesia. International Journal of Disaster Risk Reduction, 10, 327–340.
Lesmana, E., Wulandari, R., Napitupulu, H., & Supian, S. (2018). Model estimation of claim risk and premium for motor vehicle insurance by using Bayesian method. In IOP Conference Series: Materials Science and Engineering (Vol. 300, p. 12027). IOP Publishing.
Martono, M., Satino, S., Nursalam, N., Efendi, F., & Bushy, A. (2019). Indonesian nurses' perception of disaster management preparedness. Chinese Journal of Traumatology, 22(01), 41–46.
McAneney, J., McAneney, D., Musulin, R., Walker, G., & Crompton, R. (2016). Government-sponsored natural disaster insurance pools: A view from down-under. International Journal of Disaster Risk Reduction, 15, 1–9.
National Disaster Management Agency. (2017). Disaster Management in Indonesia. Retrieved from https://www.preventionweb.net/organization/national-agency-disaster-management-badan-nasional-penanggulangan-bencana
Pandiangan, N. (2020). Determination of Deposit Insurance Premium (LPS): Merton's Option Theory with Co-Insurance Consideration. In Operations Research: International Conference Series (Vol. 1, pp. 44–49).
Picard, P. (2008). Natural disaster insurance and the equity‐efficiency trade‐off. Journal of Risk and Insurance, 75(1), 17–38.
Porrini, D., & Schwarze, R. (2014). Insurance models and European climate change policies: an assessment. European Journal of Law and Economics, 38(1), 7–28.
Ramaswamy, A. R. S., & Anburajan, P. (2012). A Hybrid Group Acceptance Sampling Plans For Lifetimes Based On Weibull Distribution. International Journal of Applied, 7(1), 73–80.
Rindrasih, E., Witte, P., Spit, T., & Zoomers, A. (2019). Tourism and disasters: Impact of disaster events on tourism development in Indonesia 1998-2016 and structural approach policy responses. Journal of Service Science and Management, 12(02), 93.
Saputra, J., Kusairi, S., & Sanusi, N. (2017a). Modeling the premium and contract properties of family takaful (Islamic life insurance). Journal of King Abdulaziz University: Islamic Economics, 30(2).
Saputra, J., Kusairi, S., & Sanusi, N. (2017b). Pricing model in the concept and practice of conventional and takaful life insurance. WSEAS Transactions on Business and Economics, 14, 436–445.
Sarabia, J. M., Gómez-Déniz, E., Prieto, F., & Jordá, V. (2016). Risk aggregation in multivariate dependent Pareto distributions. Insurance: Mathematics and Economics, 71, 154–163.
Songwathana, K. (2018). The relationship between natural disaster and economic development: a panel data analysis. Procedia Engineering, 212, 1068–1074.
Subartini, B., Damayanti, P. P., Supian, S., Budiono, R., Kamarudin, M. K. A., Ghazali, A., & Gasim, M. B. (2018). Fuzzy inference system of tsukamoto method in decision making on determination of insurance premium amount for due damages of flood natural disaster. Journal of Fundamental and Applied Sciences, 10(1S), 79–94.
Sukono, Parmikanti, K., Panggabean, N., Napitupulu, H., & Prabowo, A. (2020). Analysis of flood insurance premium amount using Fuzzy Inference of Sugeno Method. Opción: Revista de Ciencias Humanas y Sociales, (91), 232–248.
Walpole, R. E., Myers, R. H., Myers, S. L., & Ye, K. (1993). Probability and statistics for engineers and scientists (Vol. 5). Macmillan New York.
Zlateva, P., & Velev, D. (2016). A method for risk assessment from natural disasters using an actuarial model. Journal of Economic Business Management, 4(5), 395–399.
Alawiyah, M., Johar, D. A., & Ruchjana, B. N. (2021). Homogeneous Poisson process in daily case of covid-19. In Journal of Physics: Conference Series (Vol. 1722, p. 12078). IOP Publishing.
Banomyong, R., Beresford, A., & Pettit, S. (2009). Logistics relief response model: the case of Thailand's tsunami affected area. International Journal of Services Technology and Management, 12(4), 414–429.
Benali, N., & Feki, R. (2017). The impact of natural disasters on insurers' profitability: Evidence from Property/Casualty Insurance company in United States. Research in International Business and Finance, 42, 1394–1400.
Boratyńska, A. (2008). Posterior regret Γ-minimax estimation of insurance premium in collective risk model. ASTIN Bulletin: The Journal of the IAA, 38(1), 277–291.
Dewi, I. K., & Istiadi, Y. (2016). Mitigasi bencana pada masyarakat tradisional dalam menghadapi perubahan iklim di kampung naga kecamatan salawu kabupaten tasikmalaya [disaster mitigation on traditional community against climate change in kampong naga subdistrict salawu tasikmalaya]. Jurnal Manusia Dan Lingkungan, 23(1), 129–135.
Đurić, Z. (2013). Collective risk model in non-life insurance. Ekonomski Horizonti, 15(2), 163–172.
El-Masri, S., & Tipple, G. (2002). Natural disaster, mitigation and sustainability: the case of developing countries. International Planning Studies, 7(2), 157–175.
Hao, P., He, W., & Long, L.-R. (2018). Why and when empowering leadership has different effects on employee work performance: The pivotal roles of passion for work and role breadth self-efficacy. Journal of Leadership & Organizational Studies, 25(1), 85–100.
He, F., & Zhuang, J. (2016). Balancing pre-disaster preparedness and post-disaster relief. European Journal of Operational Research, 252(1), 246–256.
Hudson, P. (2018). A comparison of definitions of affordability for flood risk adaption measures: a case study of current and future risk-based flood insurance premiums in Europe. Mitigation and Adaptation Strategies for Global Change, 23(7), 1019–1038.
Kalfin, Sukono, Supian, S., Mamat, M., & Bon, A. T. (2020). Model for Determining Natural Disaster Insurance Premiums in Indonesia Using the Black Scholes Method. In Proceedings of the International Conference on Industrial Engineering and Operations Management, Detroit, Michigan, USA.
Kalfin, Sukono, Supian, S., & Mamat, M. (2021). Mitigation and models for determining premiums for natural disaster insurance due to excessive rainfall. In Journal of Physics: Conference Series (Vol. 1722, p. 12058). IOP Publishing.
Keerthiratne, S., & Tol, R. S. J. (2018). Impact of natural disasters on income inequality in Sri Lanka. World Development, 105, 217–230.
Kim, H., & Marcouiller, D. W. (2018). Mitigating flood risk and enhancing community resilience to natural disasters: plan quality matters. Environmental Hazards, 17(5), 397–417.
Kusumastuti, R. D., Husodo, Z. A., Suardi, L., & Danarsari, D. N. (2014). Developing a resilience index towards natural disasters in Indonesia. International Journal of Disaster Risk Reduction, 10, 327–340.
Lesmana, E., Wulandari, R., Napitupulu, H., & Supian, S. (2018). Model estimation of claim risk and premium for motor vehicle insurance by using Bayesian method. In IOP Conference Series: Materials Science and Engineering (Vol. 300, p. 12027). IOP Publishing.
Martono, M., Satino, S., Nursalam, N., Efendi, F., & Bushy, A. (2019). Indonesian nurses' perception of disaster management preparedness. Chinese Journal of Traumatology, 22(01), 41–46.
McAneney, J., McAneney, D., Musulin, R., Walker, G., & Crompton, R. (2016). Government-sponsored natural disaster insurance pools: A view from down-under. International Journal of Disaster Risk Reduction, 15, 1–9.
National Disaster Management Agency. (2017). Disaster Management in Indonesia. Retrieved from https://www.preventionweb.net/organization/national-agency-disaster-management-badan-nasional-penanggulangan-bencana
Pandiangan, N. (2020). Determination of Deposit Insurance Premium (LPS): Merton's Option Theory with Co-Insurance Consideration. In Operations Research: International Conference Series (Vol. 1, pp. 44–49).
Picard, P. (2008). Natural disaster insurance and the equity‐efficiency trade‐off. Journal of Risk and Insurance, 75(1), 17–38.
Porrini, D., & Schwarze, R. (2014). Insurance models and European climate change policies: an assessment. European Journal of Law and Economics, 38(1), 7–28.
Ramaswamy, A. R. S., & Anburajan, P. (2012). A Hybrid Group Acceptance Sampling Plans For Lifetimes Based On Weibull Distribution. International Journal of Applied, 7(1), 73–80.
Rindrasih, E., Witte, P., Spit, T., & Zoomers, A. (2019). Tourism and disasters: Impact of disaster events on tourism development in Indonesia 1998-2016 and structural approach policy responses. Journal of Service Science and Management, 12(02), 93.
Saputra, J., Kusairi, S., & Sanusi, N. (2017a). Modeling the premium and contract properties of family takaful (Islamic life insurance). Journal of King Abdulaziz University: Islamic Economics, 30(2).
Saputra, J., Kusairi, S., & Sanusi, N. (2017b). Pricing model in the concept and practice of conventional and takaful life insurance. WSEAS Transactions on Business and Economics, 14, 436–445.
Sarabia, J. M., Gómez-Déniz, E., Prieto, F., & Jordá, V. (2016). Risk aggregation in multivariate dependent Pareto distributions. Insurance: Mathematics and Economics, 71, 154–163.
Songwathana, K. (2018). The relationship between natural disaster and economic development: a panel data analysis. Procedia Engineering, 212, 1068–1074.
Subartini, B., Damayanti, P. P., Supian, S., Budiono, R., Kamarudin, M. K. A., Ghazali, A., & Gasim, M. B. (2018). Fuzzy inference system of tsukamoto method in decision making on determination of insurance premium amount for due damages of flood natural disaster. Journal of Fundamental and Applied Sciences, 10(1S), 79–94.
Sukono, Parmikanti, K., Panggabean, N., Napitupulu, H., & Prabowo, A. (2020). Analysis of flood insurance premium amount using Fuzzy Inference of Sugeno Method. Opción: Revista de Ciencias Humanas y Sociales, (91), 232–248.
Walpole, R. E., Myers, R. H., Myers, S. L., & Ye, K. (1993). Probability and statistics for engineers and scientists (Vol. 5). Macmillan New York.
Zlateva, P., & Velev, D. (2016). A method for risk assessment from natural disasters using an actuarial model. Journal of Economic Business Management, 4(5), 395–399.