WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 16, 2019
Measuring Durability for Insurance Company based on Probability of Ruin
Authors: S. Somprom, W. Klongdee
Abstract: In this paper, we present the process of the measuring durability of insurance company, in which, this study focus on the discrete-time under the limited time the company must reserve sufficient initial capital to ensure that probability of ruin does not exceed the given quantity of risk. Therefore the illustration of the minimum initial capital under the specified period for the claim size process to the exponential distribution and the weibull distribution has explained.