Fuzzy mathematics applied to insurance game

This article builds a game model of two insurance companies who try to determine which product, the Unit-Linked or the Par, to exploit and provides a decision-making method for the companies to determine their product development orientation in a competitive market. Due to the fuzziness of the factors affecting the utility, we use linguistic operator to deal with this problem and finally make use of the knowledge of complete information static game to get an equilibrium of both sides.