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Some Comments on the Compound Binomial Model

Published online by Cambridge University Press:  29 August 2014

David C.M. Dickson
David C.M. Dickson*
Affiliation:
The University of Melbourne
*
Centre for Actuarial Studies, Faculty of Economics and Commerce, The University of Melbourne, Parkville, Victoria 3052, Australia.
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Abstract

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We show how ruin probabilities for the classical continuous time compound Poisson model can be approximated by ruin probabilities for a compound binomial model. We also discuss ruin related results for a compound binomial model with geometric claim amounts.

Keywords

Ruincompound binomial modelrecursive calculation
Type
Articles
Information
ASTIN Bulletin: The Journal of the IAA , Volume 24 , Issue 1 , May 1994 , pp. 33 - 45
Copyright
Copyright © International Actuarial Association 1994

References

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