Optimization of insurance contributions in risk insurance

Abstract

Kyivmetrobud Corporation, Kryvyi Rih, is engaged in the construction of new mines and the expansion of the road network in the old ones. All these works are carried out at considerable depths underground and are accompanied by quite frequent breaks in work caused by equipment breakdowns, illnesses of workers and downtime. To prevent losses, the corporation insures all the above cases in various insurance companies. The reason for this solution lies in the significant amounts of compensation that must be paid to insurers in the event of an insured event. Therefore, each insurer determines the maximum amount of insurance indemnity. There is a problem of the best distribution of insurance premiums among several insurance companies.