TY - JOUR AU - Dickson, DCM AU - Drekic, S Y2 - 2014/05/21 Y1 - 2006/09 SN - 1748-4995 UR - http://hdl.handle.net/11343/29136 AB - ABSTRACTWe consider a classical surplus process modified by the payment of dividends when the insurer's surplus exceeds a threshold. We use a probabilistic argument to obtain general expressions for the expected present value of dividend payments, and show how these expressions can be applied for certain individual claim amount distributions. We then consider the question of maximising the expected present value of dividend payments subject to a constraint on the insurer's ruin probability. LA - en PB - Cambridge University Press (CUP) KW - Banking KW - Finance and Investment T1 - Optimal Dividends Under a Ruin Probability Constraint DO - 10.1017/s1748499500000166 IS - Annals of Actuarial Science VL - 1 IS - 2 SP - 291-306 L1 - /bitstream/handle/11343/29136/277621_61082.pdf?sequence=1&isAllowed=n ER -