2. (25)Suppose claim amount for an insurance company follows a discrete distribution Pc 0 0.5 100 0.4 200 0.05 500 0.04 1000 0.005 10000 0.005 Find the cash values which company should hold to be able to cover claims completely with 95% and 99% confidence levels. Calculate Tail risks TVaR0.01 and TV a R. Interpret your result 3(25). Suppose claim amount for an insurance company follows a N = 5.000,02 = 500,000) distribution (annual mean and annual variance) Time horizon is one week. Find the cash values which company should hold to be able to cover claims completely with 95% , 98% and 99% confidence levels on that week. 4.20% of claims follow a N( = 5,000, q2 = 500,000) distribution and 80% of claims folow a N(y = 7,000,02 = 1000,000) distribution (annual mean and annual variance). Find the cash values which company should hold to be able to cover claims completely with 94% 96% and 97% confidence levels on that month