An Approximation of Minimum Initial Capital of Investment Discrete Time Surplus Process with Weibull Distribution in a Reinsurance Company

Catastrophe is a loss that has a low probability of occurring but can lead to high-cost claims. This paper uses the data of fire accidents from a reinsurance company in Thailand for an experiment. Our study is in two parts. First, we approximate the parameters of a Weibull distribution. We compare t...

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Bibliographic Details
Main Authors: Soontorn Boonta, Somchit Boonthiem
Format: Article
Language:English
Published: Wiley 2019-01-01
Series:Journal of Applied Mathematics
Online Access:http://dx.doi.org/10.1155/2019/2191509
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