Other Articles by Authors

S. Somprom
W. Klongdee

Authors and WSEAS

S. Somprom
W. Klongdee

WSEAS Transactions on Business and Economics

Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 16, 2019

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 16, 2019

Measuring Durability for Insurance Company based on Probability of Ruin

AUTHORS: S. Somprom, W. Klongdee

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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

KEYWORDS: Surplus process, Measuring Durability, Minimum Initial Capital, Probability of Ruin.


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[4] S. Li, Distributions of the Surplus before Ruin, the Deficit at Ruin and the claim Causing Ruin in a class of Discrete Time Risk, Scandinavian Actuarial Journal, vol.2 , 2005b, pp. 271-284.

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[6] P. Sattayatham, K. Sangaroon and W. Klongdee, Ruin Probability Base Initial Capital of the discrete Time Surplus Process, Variance 3, vol.7, no.1, 2013, pp. 74-81.

[7] K.P. Pavlova and G.E. Willmot, The Discrete Stationnary Renewal Risk Model and the Gerber-Shiu Discounted Penalty Function, Insurance: Mathematics and Economics, vol.35, no.2, 2004, pp. 267-277.

[8] W. Klongdee and S. Khotama, Minimizing the Initial Capital for the Discrete-time Surplus Process with Investment Control under α− regulation (Published Conference Proceedings style), in the International MultiConference of Engineers and Computer Scientists 2018, Hong Kong, 2018, pp. 299-301.

WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 16, 2019, Art. #36, pp. 322-327

Copyright Β© 2018 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0