Almost all the studies are based on mathematical treatments which, by making various assumptions, provide solutions to the problem mentioned.
A number of contributions published recently have suggested that the assessment of risk can be based on the construction of general algorithms; in these studies, estimates are made - in particular - for the value of ruin, the year of its Occurrence and the probability distribution of the capital prior to it.
In other words, by contrast to the usual mathematical approach which, by making various assumptions, attempts to carry out valuations that are independent on the specific case, this paper proposes a different approach based on an algorithm that is founded on general hypotheses: an algorithm that requires just the single risk variable for the portfolio concerned to be defined.
The last part of this study develops a treatment of dependent risk variables that avoids calculating the covariances.
KEYWORDS: time of ruin, capital immediately prior to ruin, capital at the time of ruin, individual random variables for each year, individual random variables for extended periods.
