The Random Walk of a Simple Risk Business

Abstract
We suppose that a risk business issues a single type of contract under which, in return for a unit "premium", it will pay a "sum insured" m (m being an integer) on the occurrence of a contingency of probability q ½.
Volume
4:1
Page
19-28
Year
1966
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Publications
ASTIN Bulletin
Authors
Hilary L Seal