(function(doc, html, url) { var widget = doc.createElement("div"); widget.innerHTML = html; var script = doc.currentScript; // e = a.currentScript; if (!script) { var scripts = doc.scripts; for (var i = 0; i < scripts.length; ++i) { script = scripts[i]; if (script.src && script.src.indexOf(url) != -1) break; } } script.parentElement.replaceChild(widget, script); }(document, '

It is a computational technique designed to evaluate some important quantities in Actuarial Domain.

What is it about?

Probability of ultimate ruin and some other quantities are very important in assessing the solvency of an insurance company and in deciding on the reserves it need to keep. The technique explored here is used to compute these quantities numerically since they can't be computed analytically.

Why is it important?

It is important to assess solvency and to decide on the reserves to be kept from the perspective of the insurance company.

Read more on Kudos…
The following have contributed to this page:
Jagriti Das
' ,"url"));