Identify Factors to Minimize Ruin Probability in Insurance Industry
Keywords:ruin probability, reinsurance, Hamilton Jacobi Bellman equation
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.