Ruin Probabilities in a Discrete Semi-Markov Risk Model with Random Dividends to Shareholders and Policyholders
Journal Title: Journal of Advances in Mathematics and Computer Science - Year 2017, Vol 24, Issue 2
Abstract
The discrete semi-Markov risk model is modified by the inclusion of dividends paying to shareholders and policyholders. When surplus is no less than the thresholds a1 and a2, the company randomly pays dividends to shareholders and policyholders with probabilities q1,q2 respectively. Recursive formulae for ruin probabilities are derived. Finally, a numerical example is given to illustrate the effect of the related parameters on the ruin probabilities.
Authors and Affiliations
Cui Wang
Keywords
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- EP ID EP322032
- DOI 10.9734/JAMCS/2017/36012
- Views 74
- Downloads 0
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