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Nadimi H, Ofoghi R, Hashembeyg Mahalati S. A Shot Noise Process Approach for Calculating the Net Premium of Crops The Case of Rain Fed Wheat Insurance. QJIA 2015; 12 (44) :25-44
URL: http://journal.sbkiran.ir/article-1-33-fa.html

In Regards to the difficult condition of production in the agriculture
market of Iran, currently agricultural insurance has a straight relationship
with agricultural economics.   Lack of using appropriate methods for
crop premium pricing will lead to huge deficits for Iranian Agricultural
Insurance Fund (IAIF), so for the first time in agricultural insurance
pricing in Iran, in this paper the method of shot noise processes has
been applied.   The study has been focused on the recorded claims of
rain feed wheat, reported by IAIF.   Noting a duality result relating the
aggregate accumulated claims, as a method for calculating net premium,
and shot noise process and distinguishing its virtues, calculations for
net premium and loading factors will be proceeded.   Lastly the results
of this paper will be compared with used premium rates in IAIF and
the effects of using shot noise process for crop insurance pricing on
agricultural economy will be discussed.