Local Ruin Probability in the Delayed Renewal Model with Large Claims
Property and Casualty Insurance Company Eastern Business Unit, Shanghai, 200040Department of Statistics, East China Normal University, Shanghai, 200062Department of Mathematics, Soochow University, Suzhou, 215000
Abstract��Asymptotic expression for local ruin probability in the renewal risk model with large claims and random delays is derived, which coincides with that for corresponding local ruin probability in the ordinary renewal risk model.
