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Calculation of the probability of eventual ruin by Beekman's convolution series
Journal article   Peer reviewed

Calculation of the probability of eventual ruin by Beekman's convolution series

Elias S.W Shiu
Insurance, mathematics & economics, Vol.7(1), pp.41-47
1988
DOI: 10.1016/0167-6687(88)90095-9

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Abstract

This paper presents an algorithm for evaluating the probability of eventual ruin in a collective risk model. The method is based on Beekman's convolution series for the ruin probability. It is assumed that the claim number process is Poisson and the individual claim amounts take on integer values only.
Beekman's convolution series Collective risk theory Probability of eventual ruin

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