Natural hazards are the main threat for forest all over theworld. Some of these disturbances may be insured suchas fire and/or storm in some European countries. However, forest insurance has trouble to spread in particularbecause of the existence of some brakes such as the forest insurance premium, often considered as too highcompared to the profitability of the forest investment. In this context, we propose an actuarial insurancemodel to insure multiple natural hazards (windthrow, fire, insect outbreak) in forests that determine theinsurance premium in different senarios. In particular, the scenarios differ in terms of the link between thehazards, either they are mutually independent or dependent, and in terms of the parametric solutions to theactuarial problem, either a discrete time period approach or a continuous one. We propose an application ofthe actuarial model to a silver fir (Abies Alba Mill.) stand in the Slovak Paradise region (Slovakia). We showthat gross insurance premiums range from €5.62/ha at a scale of 150,000 ha at age 150, to €6312.81/ha at ascale of 15 ha at age 50. In addition, we show that the most efficient solution in terms of the minimisation ofthe gross insurance premiums is provided under the assumption of randomoccurrence ofmutually independentnatural hazards and with a continuous time period approach
