ON FINITE-TIME RUIN PROBABILITIES FOR GENERAL RISK MODELS

Abstract

In this paper, we proved the formula calculating the ruin probability for a general risk model. We generalized the Picard-Lefvre formula (see [6]) for ruin probability of compound binomial risk model as well as the results of Stephane Claude Lefvre and Loisel (see [1]). In their studies, the authors gave the formula of ruin probability for classical risk model only while in our study, we figured out the formula for a general risk model.