In this paper, we consider a new risk model of claim amount affected by a threshold value. The comparision between the claim interval and the threshold will affect the distribution of claims. The hypothesis of the model is presented and then we derive the roots of the Lundberg eq...
Open access
Research Article10.9734/ajpas/2022/v19i230462
This paper considers an extension to the classical compound Poisson risk model for which an Erlang(2) process is utillized to the dependence structure between the claim sizes and interclaim times. In this framework, we derive the Lundberg generalised equation and the number of it...
Open access
Research Article10.9734/ajpas/2022/v16i430410
In this paper, a discrete-time risk model with dividend strategy and a general premium rate is considered. Under such a strategy, once the insurer’s surplus hits a constant dividend barrier , dividends are paid off to shareholders at instantly. Using the roots of a generalizatio...
Open access
Research Article10.9734/ajpas/2021/v15i430367
In this paper, a cubic transformation exponential Weibull distribution is proposed by using the family of cubic transformation distributions introduced by Rahman et al.The reasoning process of the proposed cubic transformation exponential Weibull distribution is discussed in deta...
Open access
Research Article10.9734/jsrr/2020/v26i1130334
This study was present a catastrophe put option pricing model that considers default risk. The default of the option issuer can occur at any time before the maturity, and there is a correlation between the total assets of the option issuer, the underlying stock and the zero coupo...
Open access
Research Article10.9734/ajpas/2020/v9i130219