Fair insurance premium rate in connected SEIR model under epidemic outbreak

In this paper, we aim to determine an optimal insurance premium rate for health-care in deterministic and stochastic SEIR models. The studied models consider two standard centres characterised by migration fluxes vaccination of population. is calculated using the basic equivalence principle. Even simple set-up, there are non-intuitive results that illustrate how depends on rates, severity a disease initial distribution healthy infected individuals through centres. We investigate program affects costs comparing savings benefits with expenses vaccination. compare