Sharif Digital Repository

Pricing for an insurance policy can be described as the process of calculation of expected compensation to be paid to property losers as well as associated costs of potential risks. Loss forecast is accurate if the risks will be identified appropriately in order to calculate the frequency and expected severity of losses.This is particularly important about environmental risks since most of them appear in the long run. Environmental risk assessment model is both able to estimate the environmental liability premium for environmental pollution and degradation, and it can play a valuable role in promoting this industry. ELIS (Environmental Liability Insurance) software calculates the...