Jiaxing Yang
Abstract
In this paper,the classical risk model is extended to a dependent structure,in which the claim may produce renewable insurance with possibility of probability P at the same time.According to this model,the general expression for ultimate ruin probability is given and an upper bound for the ruin probability is got.
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In this paper,the classical risk model is extended to a dependent structure,in which the claim may produce renewable insurance with possibility of probability P at the same time.According to this model,the general expression for ultimate ruin probability is given and an upper bound for the ruin probability is got.
Key concepts: Ruin theory, Risk model, Mathematics, Class (philosophy), Upper and lower bounds, Probability model, Expression (computer science), First-hitting-time model