Abstract
This paper proposes a quantum computing approach for insurance capital modelling. Using an open-source software development kit, Qiskit, an algorithm for working on a superconducting type IBM quantum computer is developed and implemented to predict the capital of insurance companies in the classical surplus process. With the fundamental properties of quantum mechanics, Dirac notation and Feynman’s path calculation are shown. Furthermore, custom quantum insurance premium and claim gates are investigated in order to build a quantum circuit with respect to initial reserve, premium and claim amounts. Some numerical results are presented and discussed at the end of the paper.
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