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/Title (Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift)
/Author (S. David Promislow)
/Creator (PubLink Inc. Version 14.0 )
/ModDate (D:20170511205156+03'00')
/Subject (We extend the work of Browne \(1995\) and Schmidli \(2001\), in which they minimize the probability of ruin of an insurer facing a claim process modeled by Brownian motion with drift. We consider two controls to minimize the probability of ruin: \(1\) investing in a risky asset and \(2\) purchasing quota-share reinsurance. We obtain an analytic expression for the minimum probability of ruin and the corresponding optimals controls, and we demonstrate our results with numerical examples. From NAAJ, July 2005, Volume 9, Number 3.)
/Category (Journals/North American Actuarial Journal/2005/July)
/Keywords (Probability of Ruin,Brownian Motion)
/Producer (PDFsharp 0.9.653 \(www.pdfsharp.com\) \(Original: Acrobat Distiller 4.05 for Windows\))
/CreationDate (D:20050715144621Z)
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/Component_Title (Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift)
/Publication#20Name (North American Actuarial Journal)
/Publication#20Year (2005)
/Publication_Date (2005-07-01)
/Publication_Name (Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift)
/Publication_Type (News and Publications)
/Original_Filename (naaj0503-6.pdf)
/Publication#20Title (NAAJ)
/Publication_Month (July)
/Component_Description (We extend the work of Browne \(1995\) and Schmidli \(2001\), in which they minimize the probability of ruin of an insurer facing a claim process modeled by a Brownian motion with drift. We consider two controls to minimize the probability of ruin: \(1\) invest)
/Publication#20Component (Article)
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PDFsharp 0.9.653 (www.pdfsharp.com) (Original: Acrobat Distiller 4.05 for Windows)
Probability of Ruin,Brownian Motion
2005-07-15T14:46:21Z
PubLink Inc. Version 14.0
2017-05-11T20:51:56+03:00
2014-01-08T00:44:17-08:00
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Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift
S. David Promislow
Virginia R. Young
We extend the work of Browne (1995) and Schmidli (2001), in which they minimize the probability of ruin of an insurer facing a claim process modeled by Brownian motion with drift. We consider two controls to minimize the probability of ruin: (1) investing in a risky asset and (2) purchasing quota-share reinsurance. We obtain an analytic expression for the minimum probability of ruin and the corresponding optimals controls, and we demonstrate our results with numerical examples. From NAAJ, July 2005, Volume 9, Number 3.
July
Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift
Minimizing the Probability of Ruin When Claims Follow Brownian Motion with Drift
Article
We extend the work of Browne (1995) and Schmidli (2001), in which they minimize the probability of ruin of an insurer facing a claim process modeled by a Brownian motion with drift. We consider two controls to minimize the probability of ruin: (1) invest
NAAJ
2005-07-01
News and Publications
2005
naaj0503-6.pdf
Journals/North American Actuarial Journal/2005/July
North American Actuarial Journal
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