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the goal is to find out the probability of an insurance company going bankrupt given the insurance data

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MonteCarlo-Simulation

#problem statement:

an insurance company gets about 700 to 900 customers per year. each customer pays a premium of rs 1500/- to rs 2500/- per month. the expected claims that company receives is between 250 to 500 and the average claim amount differs between rs 20000/- to rs 150000/-. what is the probability that the company will go bankrupt within a year.

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the goal is to find out the probability of an insurance company going bankrupt given the insurance data

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