Identify Factors to Minimize Ruin Probability in Insurance Industry

Authors

  • Nurul Hidayah Ami Ludin Universiti Tun Hussein Onn Malaysia
  • 2Prof Madya Dr. Kavikumar S/O Jacob

Keywords:

ruin probability, reinsurance, Hamilton Jacobi Bellman equation

Abstract

The level of an insurer's excess for a portfolio of insurance policies is the subject of ruin theory.  The purpose of this research is to investigate the factors to minimize the probability of ruin in insurance industry by reinsurance.  Then, study the process of reinsurance in the insurance environment.  The problem is solved using Microsoft Excel and Matlab.  

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Published

03-08-2022

Issue

Vol. 2 No. 1 (2022): EKST

Section

Articles

How to Cite

Ami Ludin, N. H., & 2Prof Madya Dr. Kavikumar S/O Jacob. (2022). Identify Factors to Minimize Ruin Probability in Insurance Industry. Enhanced Knowledge in Sciences and Technology, 2(1), 279-285. https://publisher.uthm.edu.my/periodicals/index.php/ekst/article/view/5525