Non-life Insurance Mathematics

Authors

Keywords:

Stochastic processes, actuarial mathematics, non-live insurance, collectice risk models, ruin probability, Cramér-Lundberg approximation

Abstract

In this work we describe the basic facts of non-life insurance and then explain risk processes. In particular, we will explain in detail the asymptotic behavior of the probability that an insurance product may end up in ruin during its lifetime. As expected, the behavior of such asymptotic probability will be highly dependent on the tail distribution of each claim.

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Author Biography

  • Makoto Yamazato, Pontifical Catholic University of Peru, University of the Ryukyus
    Department of Mathematical Sciences
    University of the Ryukyus
    Senbaru, Nishihara-cho, Okinawa 903-0213, Japan

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Published

2014-12-02

Issue

Vol. 28 No. 55 (2014)

Section

Artículos

License

Copyright (c) 2016 Pro Mathematica

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Non-life Insurance Mathematics. (2014). Pro Mathematica, 28(55), 85-127. https://revistas.pucp.edu.pe/index.php/promathematica/article/view/11049