The Finite Time Survival Probabilities in the Fully Discrete Compound Binomial Model
-
Graphical Abstract
-
Abstract
The probabilities of the following events for a fully discrete binomial risk model are discussed in this paper: the insurance company survives to any fixed time n, the surplus at time n equals x and the k-th individual claim happens at time n. Finally, The finite time survival probability is determined based on the probability mentioned above.
-
-