Reducing the Possibility of Ruin by Maximizing the Survival Function for the Insurance Company’s Portfolio

Table 1

Model parameters and their values.

Symbol	Definition	Value (s)	Source
	Premium volatility	0.25	Zou et al. [22]
	Return volatility	0.1	Mtunya et al. [23]
	Initial capital	10000	Assumed
	Intensity of the counting process	2, 5, 10	Kasumo et al. [12]
	Premium rate left to the company	2	Kasumo [24]
	Capital refinanced	600	Assumed
	Instantaneous rate of stock return	0.05, 0.5	Kasozi et al. [11]
	Mean of the exponential distribution	0.5	Kasumo [24]
	Capital risked	500	Assumed