Ruin probabilities with insurance and financial risks having an FGM dependence structure

We consider a discrete-time risk model, in which insurance risks and financial risks jointly follow a multivariate Farlie-Gumbel-Morgenstern distribution, and the insurance risks are regularly varying tailed. Explicit asymptotic formulae are obtained for finite-time and infinite-time ruin probabilities. Some numerical results are also presented to illustrate the accuracy of our asymptotic formulae.