Journal of Statistics: Advances in Theory and ApplicationsAuthor's: Adisak Pongpullponsak, Sukuman Sarikavanij and Thiradet Jiarasuksakun
Pages: [73] - [89]
Received Date: October 27, 2010
Submitted by:
This research aims to study and construct a mathematical model used to
estimate the crop insurance premium for the case of total premium
equal damage compensation. We would also like to study Thai
government’s relief giving to agriculturists, who experienced flood.
The scope of this research is a crop insurance in Thailand covering
crop damage from flood. The result shows that the expected insurance
cost (equal premium) for each agriculturist’s household could be
calculated by the product of an expected compensation value for each
flood and an expected number of compensation claim: 
premium, damage rate, severity rate, expected compensation.
