We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Quantum Computing in Insurance Capital Modelling under Reinsurance Contracts.
- Authors
Tamturk, Muhsin; Carenzo, Marco
- Abstract
In this study, we design an algorithm to work on gate-based quantum computers. Based on the algorithm, we construct a quantum circuit that represents the surplus process of a cedant under a reinsurance agreement. This circuit takes into account a variety of factors: initial reserve, insurance premium, reinsurance premium, and specific amounts related to claims, retention, and deductibles for two different non-proportional reinsurance contracts. Additionally, we demonstrate how to perturb the actuarial stochastic process using Hadamard gates to account for unpredictable damage. We conclude by presenting graphs and numerical results to validate our capital modelling approach.
- Subjects
QUANTUM computing; ALGORITHMS; REINSURANCE; INSURANCE premiums; INSURANCE claims
- Publication
AppliedMath, 2023, Vol 3, Issue 4, p741
- ISSN
2673-9909
- Publication type
Article
- DOI
10.3390/appliedmath3040040