Actuarial Risks Associated to Disease Outbreaks and Insurance Plans Under Media Coverage Strategy

In this article, we investigate some of the relevant works that have investigated pandemic risk and the impact of insurance policies. We will present a comprehensive mathematical epidemic model designed to analyze the intricate interplay between insurance plans, media coverage effect, premium reserves and the actual present value of benefit payments in the face of infectious disease outbreaks. Through numerical simulations, we illustrate how media coverage effects impact the adoption and performance of insurance plans, and explore the implications of these effects on the present value of benefit payments and premium reserves.