no code implementations • 22 Sep 2023 • Kira Henshaw, Jorge M. Ramirez, José M. Flores-Contró, Enrique A. Thomann, Sooie-Hoe Loke, Corina Constantinescu
To overcome this, we propose a recursive method for deriving a closed-form solution of the integro-differential equation associated with the infinitesimal generator of the insured process and provide a numerical estimation method for obtaining the trapping probability.
no code implementations • 15 Jul 2020 • Weihong Ni, Corina Constantinescu, Alfredo Egídio dos Reis, Véronique Maume-Deschamps
In this manuscript we propose a method for pricing insurance products that cover not only traditional risks, but also unforeseen ones.
