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Collaborators
Uditha Balasooriya
Uditha Balasooriya
Prof Uditha Balasooriya was in the School of Nanyang Business School since 2001. He received his Bachelor degree in Mathematics and Statistics and Diploma in Statistics from the University of Sri Lanka, Master and Ph.D. degrees from the University of Western Ontario respectively. His research interests include reliability analysis, and actuarial modelling. He has done significant research work his research areas and published over 30 top quality international conference and journal papers. He has been often invited as a referee/reviewer for a number of premier journals, including IEEE Transactions on Reliability, Canadian Journal of Statistics, Journal of Actuarial Practice, Journal of Statistical Planning and Inference, and Technometrics. Dr. Balasooriya is a member of American Statistical Association, Canadian Statistical Society and Singapore Institute of Statistic.
Enrico Biffis
Enrico Biffis
Associate Prof Enrico Biffis is an Associate Professor of Actuarial Finance at Imperial College Business School, a fellow of the Pensions Institute in London, a member of the Munich Risk and Insurance Center at LMU Munich, and an editor of ASTIN Bulletin – The Journal of the International Actuarial Association.
His area of expertise is asset-liability management, with emphasis on risk analysis and market consistent valuation for the insurance and pensions industry, as well as optimal risk transfers for catastrophe and long term risks. His research has attracted funding from leading insurers and governmental organizations, and has been published in the Journal of Risk and Insurance, Insurance: Mathematics and Economics, North American Actuarial Journal, Scandinavian Actuarial Journal, among others.
Enrico has also worked with industry bodies on the benchmarking of stochastic asset models, the impact of Dodd-Frank/EMIR regulation on OTC derivative markets, and the modelling of large commercial risks. Enrico holds a BSc and MSc in Statistics, a MSc in Actuarial Management, and a PhD in Mathematics for Economic Decisions. Prior to joining Imperial College London in 2007, Enrico held positions at Bocconi Milan, Association of British Insurers, and Cass Business School.
Details on Enrico’s current projects, published work, and research grants can be found on his webpage, on SSRN, and on Google Scholar.
Wai-Sum Chan
Wai-Sum Chan, Ph.D., FSA,CERA
Professor, Department of Finance
CUHK Business School, The Chinese University of Hong Kong
Dr. Chan held teaching and research posts at the National University of Singapore, the University of Waterloo and the University of Hong Kong before his present appointment as Professor of Finance at the Chinese University of Hong Kong. Dr. Chan's research interests include Stochastic Asset Modeling, Actuarial Modeling and Financial Econometrics. He has had over 90 scientific articles published in scholarly journals. He is currently a Co-Editor of the North American Actuarial Journal. Dr. Chan has been teaching financial and actuarial courses since 1992.
Caitríona Helena Heinl
Caitríona Helena Heinl
Caitríona Heinl was the Nanyang Business School Cyber Risk Management Project as Research Fellow responsible for leading cybersecurity policy analysis in March 2017. She transferred from the Centre of Excellence for National Security (CENS) at RSIS where she held the position of Research Fellow responsible for policy analysis on cyber issues since October 2012.
She publishes peer-reviewed articles and policy advisory reports on subjects that include international and regional cooperation on emerging cyber challenges, international security and international cyber policy research (norms, CBMs, capacity building), country case studies, national security implications of emerging technologies like cyber capabilities and increasingly autonomous technologies, public-private partnerships, and cyber defence. She currently holds a non-resident international fellowship with the ASPI International Cyber Policy Centre, Canberra.
Caitríona previously led the Justice and Home Affairs policy group and Justice Steering Committee at the Institute of International and European Affairs (IIEA), Ireland. In this position, she covered transnational crime, fundamental rights, data privacy and data protection, police/judicial cooperation, counter-terrorism, international security and cybercrime. She qualified as a Solicitor in the UK (non-practising) and is admitted as an Attorney-at-Law in New York. She is currently a member of the Irish government’s Department of Foreign Affairs and Trade Foreign Policy Network.
Caitríona holds an MPhil in International Relations from the University of Cambridge, having graduated in both commerce and law at University College Dublin and the Leopold Franzens University of Innsbruck Austria with First Class Honours.
Atsuyuki Kogure
Atsuyuki Kogure
Professor, Faculty of Policy Management
Graduate School of Media and Governance, Keio University
Atsuyuki Kogure is a Professor of Statistics and Finance in the Faculty of Policy Management at Keio University, Japan. He holds a Ph.D. in statistics from Yale University. His previous academic experiences include a visiting researcher in the Institute for Monetary and Economic Studies at Bank of Japan and a visiting scholar in the Department of Statistics at Rice University, U.S.A. His main interest lies in the areas of risk modeling in insurance and finance. His recent research has focused on Bayesian methods for modeling multivariate risks and their applications to mortality-linked derivative pricing.
Jackie Li Ka Ki
Jackie Li Ka Ki
Associate Professor
Department of Applied Finance and Actuarial Studies
Macquarie University
Jackie Li is an Associate Professor in Actuarial Studies at Macquarie University. He obtained his first Ph.D. in Actuarial Studies from the University of Melbourne, and his second Ph.D. in Demography from Macquarie University. He is a Fellow of the Institute of Actuaries of Australia (FIAA).
His research interests are in mortality and longevity modelling and pricing, and stochastic reserving methods for general insurance. His research has been published in leading actuarial and demographic journals including Insurance: Mathematics and Economics, North American Actuarial Journal, Scandinavian Actuarial Journal, Annals of Actuarial Science, Population Studies, and Demographic Research.
From 2007 to 2014, Jackie worked in Nanyang Business School (NBS) at Nanyang Technological University (NTU), Singapore. He was one of the founding committee members for the Minor Programme in Risk Management and Insurance (RMI) in 2008 and the Insurance Risk and Finance Research Centre (IRFRC) in 2011. He was also one of the committee members for the Accreditation Agreement from the Institute and Faculty of Actuaries (IFoA), UK in 2012. He also received five teaching awards at all of division, school, and university levels, including Teaching Excellence Award (Division of Banking and Finance), Teacher of the Year (Nanyang Business School), and Nanyang Award for Excellence in Teaching (Nanyang Technological University).
Before he joined academia, he worked as an actuary for a number of years in general insurance and superannuation.
Research Papers
- Li J., On Modeling Diversification Benefits in Insurance Portfolios — An Australian Perspective, Asia-Pacific Journal of Risk and Insurance, Volume 4, Issue 2, 2010
- Li J., Prediction Error of the Future Claims Component of Premium Liabilities under the Loss Ratio Approach, Variance, Volume 4, Issue 2, 2010
- Kogure A., Li Jackie., and Kamiya Shinichi., 2013, A Bayesian multivariate risk-neutral method for pricing reverse mortgages, North American Actuarial Journal, 2013
- Chan W.S., Li J.S.H., Li J., The CBD mortality indexes: modeling and applications, North American Actuarial Journal, 2013
Johnny S.H. Li
Johnny S.H. Li, Ph.D., FSA
Fairfax Chair in Risk Management
Department of Statistics and Actuarial Science
University of Waterloo
Dr. Li has made significant research contribution to the area of longevity risk. Part of his paper “Developing Mortality Improvement Formulae: The Canadian Insured Lives Case Study” is used in the Canadian Institute of Actuaries (CIA) Guidance Material. His research in this area has brought him several awards, including the Harold D. Skipper Best Paper Award from the Asia-Pacific Risk and Insurance Association and the Edward A. Lew Award (2nd place) from the Society of Actuaries. He is currently an Associate Editor of the North American Actuarial Journal and a member of the board of directors of the Asia-Pacific Risk and Insurance Association.
Andreas Milidonis
Andreas Milidonis, Ph.D.
Assistant Professor - Finance
Department of Accounting & Finance,
School of Economics & Management, University of Cyprus
Andreas Milidonis holds a Ph.D. in Risk Management & Insurance from Georgia State University (USA - December 2006). His undergraduate degree was completed with honors in 2001 (First in class; Schreyer Honors College), in Actuarial Science (Minor in Mathematics) at the Pennsylvania State University. Andreas’ curriculum includes academic appointments with the Manchester Business School (UK), the University of Cyprus (Cyprus) and professional experience with Towers Perrin (USA).
Andreas' current research interests include the information value of changes in ratings, credit risk, executive compensation, insurance economics and the operation of financial institutions and markets.
He has published articles in the Journal of Financial Economics, Journal of Financial & Quantitative Analysis, Journal of Banking and Finance, Journal of Risk and Insurance, ASTIN Bulletin and North American Actuarial Journal.
His paper on the predictability of insurance financial strength ratings won the 2012 Best Paper Award (Young Economist) at the European Group of Risk and Insurance Economists' Annual Meeting.
His article on executive compensation for insurance firms was shortlisted for the 2011 Lloyd's Science of Risk Prize (Behavioural Risk Category).
Research Papers
- Michaelides A., A. Milidonis, G. Nishiotis and P. Papakyriakou, The Adverse Effects of Systematic Leakage Ahead of Official Sovereign Debt Rating Announcements, Journal of Financial Economics, forthcoming
- Milidonis, A., and K. Stathopoulos. Managerial Incentives, Risk Aversion and Debt, Journal of Financial and Quantitative Analysis, forthcoming
- Milidonis, A. Compensation Incentives of Credit Rating Agencies and Predictability of Changes in Bond Ratings and Financial Strength Ratings. Journal of Banking and Finance, forthcoming
- Milidonis, A., and K. Stathopoulos. 2011. Do US Insurance Firms Offer the “Wrong” Incentives to Their Executives? Journal of Risk and Insurance, 78 (3): 643-672
- Milidonis, A., Y. Lin and S.H. Cox. 2011. Mortality Regimes and Pricing. North American Actuarial Journal, 15 (2): 266-289
- Milidonis, A., and M.F. Grace. 2008. Tax-Deductible Pre-Event Catastrophe Loss Reserves: The Case of Florida. ASTIN Bulletin, 38 (1): 13-51
- Milidonis, A., and S. Wang. 2007. Estimation of Stock Price Distress Costs Associated with Bond Downgrades Using Regime Switching Models. North American Actuarial Journal, 11 (4): 42-60.
Shuxun Wang
Shaun Shuxun Wang
Dr. Shaun Wang was a Professor of Actuarial Science at Nanyang Business School (NBS), Nanyang Technological University (NTU).
Dr. Wang is an internationally renowned expert on quantitative risk modeling and enterprise risk management. He has published over 30 refereed scholarly papers in top actuarial and insurance journals including the ASTIN Bulletin, the Journal of Risk and Insurance, The North American Actuarial Journal, and Insurance: Mathematics and Economics. Several of his papers received international awards, including the 2010 Robert Mehr Award by the American Risk and Insurance Association, and "most citations". He is the inventor of the "Wang Transform", a widely-cited actuarial formula for pricing risks.
From 2013 to 2015, Dr. Wang held the position of Deputy Secretary General for the Geneva Association – the leading international insurance think tank whose membership comprises 80 CEOs of the world’s top insurance and reinsurance companies. Dr. Wang oversaw the research programs for the Geneva Association, including extreme events and climate risks, global aging, and international insurance regulation. From 2004 to 2013 he joined the faculty of Georgia State University’s Robinson College of Business, where he was granted tenure and promoted to Full Professor of Actuarial Science in 2007 with the endowment of the Thomas P. Bowles Chair. From 1997 to 2004, he worked for SCOR U.S. Reinsurance Co as actuary and research director. Dr. Wang was an Assistant Professor of Actuarial Science at both Concordia University (1993-1994) and the University of Waterloo (1994-1997).
Dr. Wang led several international symposiums on risk and capital topics. He was invited to deliver a Capitol Hill briefing in Washington D.C. on “The Financial Crisis and Lessons for Insurers” on September 29, 2009. He has also served as Editor of the ASTIN Bulletin and editorial boards of several leading journals.
Dr. Wang received a PhD in Statistics from University of Waterloo, Canada in 1993, and an MSc in Statistics from University of Saskatchewan, Canada in 1991. He also received BSc and MSc degrees in Mathematics from Peking University, China in 1986 and 1989 respectively. He earned the professional designation of Fellow of the Casualty Actuarial Society in 2001.
Zhigang Xie
Zhigang Xie
Professor, Insurance & Actuarial Studies
School of Finance, Shanghai University of Finance & Economics
Dr. Zhigang Xie is professor of insurance & actuarial studies at Shanghai University of Finance & Economics (SUFE). He joined SUFE in 1996 after receiving a PhD at The University of Leeds, UK. Since 1997 he has been the program chair of the actuarial studies at SUFE.
Dr. Xie’s main research interest is insurers’ risk management, reserve and solvency assessment and regulation, particularly for P&C insurers. Relevant research experience includes:
- International Consultant for the PROJECT - TA No. 3302-PRC: Capacity Building for the Insurance Sector Regulatory And Supervising System, Sponsored by the Asia Development Bank, 2000.9---2001.3
- Consultant for the EU-China Financial Services Co-operation Project (Contract Number: EuropeAid/112901/C/SV/CN), Solvency Assessment Standards and Regulation Regimes, January-March 2005
- The Risk Based Capital Reporting System for China Insurers’ Solvency Regulation, Sponsored by China Insurance Regulatory Commission, (Project No. BJK 03002), 2004---June 2009.
He has published several books and many research articles in these areas. He maintains active involvement in projects of the China Insurance Regulatory Commission for the designation of the risk-oriented regime of solvency supervision.
Since 1997, Dr. Xie has regularly taken part in activities in promoting the actuarial profession in China, particularly in building the Chinese actuarial education and examination system. He has been the editor for The Actuarial Communications, Journal of Actuarial Committee of Shanghai Insurance Institute, which is the sole actuarial journal in China and has significant influence over the development of Chinese actuarial education, research and profession.
Dr. Xie is a fellow and board member of the China Association of Actuaries (CAA) and is the responsible person for the CAA actuarial exams on the non-life actuarial subjects. He has recently been elected as the board member of China Insurance Institute and editing committee member of The Insurance Studies.
John Yong
John Yong
Mr John Yong is a former Director, Infocomm Security Group, formerly known as Infocomm Development Authority of Singapore (IDA) currently known as GovTech.
John holds a Masters in Computer Science from the University of Salford, United Kingdom. He is a seasoned infocomm security professional who has dedicated his 35year career to this field, both in the public and private sectors. He started his career with the Ministry of Defence before joining the then National Computer Board (NCB) in 1991 to head its IT Security Department. Thereafter, he moved to the private sector and worked for a number of Multi-National Corporations in various management and consulting roles.
Prior to joining IDA, he served as Chief Security Advisor to a major Southeast Asian telecommunications group. In recognition of his achievements and contributions, John received the International Data Group (IDG) ASEAN Chief Security Officer (CSO) Awards and honoured as one of the most outstanding Chief Security Officers in 2013.
George Zanjani
George Zanjani
AAMGA Distinguished Chair in Risk Management and Insurance
Associate Professor, Department of Risk Management and Insurance
Georgia State University
Dr. George Zanjani is an associate professor in the Risk Management and Insurance Department of Georgia State University. He currently holds the AAMGA Distinguished Chair in Risk Management and Insurance.
Previously Dr. Zanjani served as an economist at the Federal Reserve Bank of New York (2000 – 2008) specializing in policy work relating to insurance issues in the broader financial system, and, in particular, on the "monoline crisis" during late 2007 and early 2008. He also worked as an actuary at Fireman's Fund Insurance Companies (1990 – 1994), focusing on commercial insurance pricing and heading the firm's workers' compensation actuarial unit in 1994.
Dr. Zanjani's published or forthcoming work includes insurance papers in the Journal of Risk and Insurance, Journal of Financial Economics, Journal of Public Economics and the American Economic Review. He has served on working groups formed by the Committee on the Global Financial System (on global savings and asset allocation) and the Presidential Working Group on Financial Markets (terrorism insurance).