Multi-Agent Auction Based Simulation Tool for an Insurance Policy Market

Open access


The paper presents a simulation tool for automated interactions between insurance companies and their clients during the travel insurance buying process. Insurance deal evaluation model using price and insured risks has been developed based on the study of the Latvian insurance market. The proposed model is used together with well-known agent auction protocols, thus providing a multi-agent negotiation protocol. It allows automating one-to-many negotiations between client and insurance companies simulating electronic insurance policy marketplace. The simulation tool has been developed using the MASITS methodology and tool, thus providing a case study for the methodology and tool for a new type of systems

[1] E. David, C. Kiekintveld, V. Robu, O. Shehory and S. Stein Eds. Agent- Mediated Electronic Commerce. Designing Trading Strategies and Mechanisms for Electronic Markets. AMEC and TADA 2012, Valencia, Spain, June 4th, 2012, Revised Selected Papers. Lecture Notes in Business Information Processing. Volume 136, 160 p. 2013.

[2] J. Debenham and S. Simoff, “Three Technologies for Automated Trading” in Artificial Intelligence in Theory and Practice. IFIP International Federation for Information Processing Volume 217, 2006, pp. 405-414.

[3] K. Liu, “A Model of Protocol for Automated Negotiation System”, in Proceedings of the 2nd International Conference on Green Communications and Networks 2012 (GCN 2012): Volume 3. Lecture Notes in Electrical Engineering Volume 225, 2013, pp. 407-412.

[4] E. Lavendelis, “Multi-Agent Architecture for Intelligent Insurance Systems” in: Advances in Intelligent Systems and Computing: 10th International Symposium on Distributed Computing and Artificial Intelligence, Spain, Salamanca, 22-24 May, 2013. Amsterdam: Springer International Publishing, 2013, pp.439-448.

[5] N.R. Jennings, S. Parsons, P. Noriega and C. Sierra, “On argumentationbased negotiation” in IWMAS98 submission 1 pp. 68-70, 2000.

[6] M.A. López-Carmona, I. Marsá-Maestre and J.R. Velasco, “Constraint Based Automated Multi-attribute Negotiations”, in Multiagent Systems, S. Ahmed and M.N. Karsiti (Eds), 2009, I-Tech, Vienna, Austria, pp. 21-54.

[7] C.M. Jonker and J. Treur, “An Agent Architecture for Multi-Attribute Negotiation”, in Proceedings of the 17th International Joint Conference on AI, IJCAI'01, 2001, pp. 1195-1201.

[8] G.Lai, C.Li, K.Sycara, and J.A. Giampapa. Literature Review on Multiattribute Negotiations, Technical Report CMU-RI-TR-04-66, Carnegie Mellon University, 2006.

[9] G. Tesauro, “Efficient Search Techniques for Multi-Attribute Bilateral Negotiation Strategies”, in Proceedings of the 3rd Internation AI Symposiumon Electronic Commerce, 30-36. IEEE Computer Society, 2002.

[10] M. Wooldridge, An Introduction to MultiAgent Systems, Second Edition, John Wiley and Sons, 2009 p. 484.

[11] E. David, R. Azoulay-Schwartz and S. Kraus, “An English Auction Protocol for Multi-attribute Items” in Agent-Mediated Electronic Commerce IV. Designing Mechanisms and Systems. Lecture Notes in Computer Science Volume 2531, 2002, pp 52-68.

[12] M. Bichler and J. Kalagnanam, “Configurable offers and winner determination in multi-attribute auctions” in European Journal of Operational Research, Volume 160, Issue 2, 2005, pp. 380-394.

[13] M. Bichler, M. Kaukal and A. Segev, “Multi-Attribute Auctions for Electronic Procurement” in Proceedings of the First IBM IAC Workshop on Internet Based Negotiation Technologies, Yorktown Heights, NY, 1999, 13 p. [Online]. Available: [Accessed: October 3, 2013].

[14] J. Grundspenkis and E. Lavendelis, “Multiagent Based Simulation Tool for Transportation and Logistics Decision Support”. Proceedings of the 3rd International Workshop on Computer Supported Activity Coordination - CSAC May 16-19, 2006, Cyprus, Paphos, pp. 45-54.

[15] E. Lavendelis and J. Grundspenkis, “Simulation Tool for Multicriteria Auctions in Transportation and Logistics Domain”, in Proceedings of the International Conference on Computer Systems and Technologies - CompSysTech’06, June 15-16, 2006, Veliko Tarnovo, Bulgaria, ACM Bulgaria, 2006, pp. IIIB.17-1 - IIIB.17-6.

[16] K. Sycara, “Problem Restructuring in Negotiation", in Management Science, Vol. 37, No. 10, October, 1991.

[17] E. Lavendelis and J. Grundspenkis. “MASITS - A Multi-Agent Based Intelligent Tutoring System Development Methodology” in Proceedings of IADIS International Conference „Intelligent Systems and Agents 2009”, 21-23 June 2009, Algarve, Portugal, pp. 116-124.

[18] E. Lavendelis and J. Grundspenkis, “MASITS - A Tool for Multi-Agent Based Intelligent Tutoring System Development”, in Proceedings of 7th International Conference on Practical Applications of Agents and Multi- Agent Systems (PAAMS 2009), Salamanca, Spain, 25-27 March 2009. Advances in Intelligent and Soft Computing Vol. 55., Springer, 2009, pp. 490-500.

[19] “FIPA Dutch Auction Interaction Protocol Specification”, Specification number: XC00031F, 2000, 6 p. [Online]. Available: [Accessed: October 3, 2013].

[20] “FIPA English Auction Interaction Protocol Specification”, Specification number: XC00032F, 2000, 5p. [Online]. Available: [Accessed: October 3, 2013].

[21] F.L. Bellifemine, G. Caire and D. Greenwood, Developing Multi-Agent Systems with JADE. Wiley Series in Agent Technology, 300 p, 2007.

Applied Computer Systems

The Journal of Riga Technical University

Journal Information


All Time Past Year Past 30 Days
Abstract Views 0 0 0
Full Text Views 188 181 11
PDF Downloads 59 58 4