Faculties and research

Parallel Session Speakers

Jing AI

nullJing Ai is an associate professor of risk management, insurance, and finance in the Shidler College of Business at the University of Hawaii at Manoa. Her primary research interests include enterprise risk management, behavioral insurance, longevity risk management, financial risk management, and insurance fraud detection and other public policy issues. Her research papers have appeared in premier academic journals and are presented at many national and international conferences in risk management, insurance, finance, and management sciences. She has served on the Board of Governors of the Asia-Pacific Risk and Insurance Association (APRIA), and has chaired and served on many committees for the American Risk and Insurance Association (ARIA). She received her PhD from the University of Texas at Austin and her Bachelor's Degree from Tsinghua University in China.

Pablo CASTANEDA

nullPABLO CASTANEDA is the Program Director of the Master in Financial Engineering at Universidad Adolfo Ibanez Business School, in Chile. Within the field of pension finance, he has worked on the development of efficient numerical algorithms to approximate the optimal rules that obtain from high dimensional dynamic portfolio choice problems. In the past, he has served as expert consultant for the World Bank and the OECD on the matter of the optimal design of investment regulation for pension funds in Latinamerica and western Europe. He has also provided expert advice on the issue of the optimal investment of the International Reserves to Central Banks in Latinamerica. He is an active member of the Chilean financial profession in both research and education. He holds a Ph.D. in Economics from Boston University.

Hua CHEN

nullDr. Hua Chen is an Assistant Professor of Risk, Insurance, and Healthcare Management and the Director of the M.S. Program in Actuarial Science in the Fox School of Business at Temple University. He holds a Bachelor's degree in Mathematics and a Master's degree in Economics. He received his Ph.D. degree in Risk Management and Insurance from Georgia State University. His research interests include insurance economics, risk modeling and securitization, and actuarial mathematics. Dr. Chen has publications in top tier journals in insurance and actuarial science, including the Journal of Risk and Insurance, Insurance: Mathematics and Economics, North American Actuarial Journal, and Asia-Pacific Journal of Risk and Insurance. He is an active member of the American Risk and Insurance Association, Asia-Pacific Risk and Insurance Association and Financial Management Association.

Fen-Ying CHEN

nullFen-Ying Chen is an Associate Professor at Department of Finance, Shih Hsin University, Taiwan. In 2005, she got the PH.D from Department of Money and Banking in National Chengchi University in Taiwan, and majored in financial engineering. In three years, Dr. Chen studies in actuarial science. Her articles have been published in SSCI, SCI and TSSCI journals.

Runhuan FENG

nullRunhuan Feng is an Assistant Professor of Actuarial Science at the University of Illinois at Urbana-Champaign. He is a Fellow of the Society of Actuaries and Chartered Enterprise Risk Analyst. Runhuan received Ph.D. degree in Actuarial Science from the University of Waterloo, Canada, in 2008 and previously held a tenure-track position at the University of Wisconsin-Milwaukee. He was a recipient of the SOA/CAS Ph.D. Grant in 2007-2008 and multiple Individual Competition Grants in the past few years. He has published a series of papers on top-tier actuarial and applied probability journals on stochastic analytic approaches in risk theory and quantitative risk management of equity-linking insurance. Over the recent years, he has dedicated his efforts to developing fast and accurate algorithms for the computation of risk metrics for investment-combined insurance products.

R. Dale HALL

nullR. Dale Hall is Managing Director of Research at the Society of Actuaries in Schaumburg, Illinois. In his role, he coordinates the SOA's strategic research partnerships, and oversees SOA experience studies, practice research, and data-driven in-house research initiatives. Previous to joining the SOA in 2013, Dale spent over 20 years in the life and health insurance industry, primarily as Chief Actuary for the Life/Health companies of COUNTRY Financial, where he was an active member of the American Academy of Actuaries Life Reserve Working Group, the ACLI Actuarial Committee and volunteer committees of the SOA.

Hong-Chih (Jerry) Huang

nullDr. Hong-Chih is the professor and chairperson of the department of Risk Management and Insurance at the National Chengchi University in Taiwan. He received his Ph.D. in actuarial mathematics at Heriot-Watt University in U.K. and his master degree in actuarial science at University of Iowa in the U.S. His research interests cover asset liability management, asset allocation, pricing and risk management for insurance and pension, mortality modeling, and longevity risk. His research appears in Insurance Mathematics and Economics, Journal of Risk and Insurance, Scandinavian Actuarial Journa and The Geneva Papers on Risk and Insurance. In addition to academic experience, Dr. Huang shares his knowledge with many actuarial practices, the reviewer of life insurance products for Taiwan Insurance Bureau of Financial Supervisory Commission; the Risk Management Committee member of Taiwan Post Office Company; the Consultant Member of Management Bord for Taiwan Public Service Pension Fund.

Andrew HUNT

nullAndrew Hunt is studying for a PhD in longevity modelling, projection and risk management at Cass Business School in London. He qualified as a Fellow of the Institute of Actuaries in 2009 and is now researching into the development of stochastic mortality models and their application to longevity risk management and securitisation. Prior to this, Andrew has worked for five years as a pension consultant, helping to advise a number of companies on their funding and risk strategy regarding legacy defined benefit obligations and including assisting on the modelling of a large longevity swap transaction. He also has a Masters in Mathematics from the University of Cambridge, specialising in theoretical physics.

Hong LI

nullHong is currently working as a PhD candidate in the Econometriscs & Operations Research department at Tilburg University, the Netherlands. His research is sponsored by NWO (De Nederlandse Organisatie voor Wetenschappelijk Onderzoek ) under the project "Managing Lonevity Risk".

Hong's research focuses on mortality modeling and the risk management. It includes forecasting future mortality development, studying the effect of systematic longevity risk on pension liabilities, and the static and dynamic hedging of the systematic longevity risk.

Johnny LI

nullJohnny Li is the holder of the Fairfax Chair in Risk Management and an Associate Professor at the University of Waterloo. He holds a Ph.D. degree in Actuarial Science from the University of Waterloo and is a Fellow of the Society of Actuaries (FSA). He is a Co-Editor of the North American Actuarial Journal and a member of the board of directors of the Asia-Pacific Risk and Insurance Association.
Professor Li's research interests encompass the fields of stochastic mortality modeling, longevity risk securitization, reverse mortgages, and actuarial applications in law courts. He publishes frequently in journals such as the Journal of Risk and Insurance, Insurance: Mathematics and Economics, the Geneva Paper of Insurance: Issues and Practice, and the North American Actuarial Journal.
Professor Li has made significant research contribution to the area of longevity risk. 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, the Edward A. Lew Award (2nd place) from the Society of Actuaries, and a Best Paper Award from the Actuarial Society of Hong Kong. He was a Co-Chair of the Eighth International Longevity Risk and Capital Markets Solutions Conference.

Yanxin LIU

nullYanxin Liu is currently a Ph.D. candidate in Actuarial Science at the University of Waterloo. He received his Master of Mathematics degree from the University of Waterloo. His research interests include mortality modeling and mortality/longevity risk pricing and hedging.

I-Chien LIU

nullI-Chien Liu is an Assistant Professor of Department of Insurance and Finance at National Taichung University of Science and Technology in Taiwan. He received his Ph.D. in Department of Risk Management and Insurance at National Chengchi University in Taiwan and his master degree in Department of Financial Engineering and Actuarial Mathematics at Soochow University in Taiwan. His major is actuarial science and research subjects include embedded option for insurance products, mortality modeling and longevity risk. He has published articles in the Journal of Risk and Insurance, the Geneva Papers on Risk and Insurance-Issues and Practice.

Richard MacMinn

nullProfessor Richard MacMinn is the first holder of the Edmondson-Miller Chair at Illinois State University and was the first holder of the Swiss Re Chair in the Management of Risk at the University of Nottingham. He was editor of the Journal of Risk and Insurance, the lead journal in the world on insurance and risk management, published by the American Risk and Insurance Association from 1998 through 2006. He is an associate editor for the Journal of Risk and Insurance, the Asia-Pacific Journal of Risk and Insurance, the Journal of Insurance Issues and the Quarterly Journal of Economics and Finance. Professor MacMinn served as a board member of the Asia-Pacific Risk and Insurance Association from 2000-2003, as a board member of the American Risk and Insurance Association from 2003-2006 and is a member of the American Risk and Insurance Association, Asia-Pacific Risk and Insurance Association, European Group of Risk and Insurance Economists, Southern Risk and Insurance Association, Western Risk and Insurance Association, American Economic Association and American Finance Association. He has published in journals including the Journal of Risk and Insurance, Insurance: Mathematics and Economics, Geneva Papers, Journal of Political Economy, Quarterly Journal of Economics and Journal of Finance. He has thrice won the prestigious Mehr Award from the American Risk and Insurance Association in addition to a number of other awards from the American Risk and Insurance Association, Casualty Actuarial Society, General Insurance Research Organization in the United Kingdom and Asia-Pacific Risk and Insurance Association for his publications.

Les MAYHEW

nullProfessor Les Mayhew is Professor of Statistics at Cass Business School, Faculty of Actuarial Sciences and Insurance, and Managing Director of Mayhew Harper Associates Ltd. He is a former senior civil servant with nearly 20 years of experience in the Department of Health, Department of Social Security, Treasury, and Office for National Statistics, where he was also a Director. He is a long-standing Associate Research Scholar at the International Institute for Applied Systems Analysis (IIASA) Vienna, where he worked on the social security programme. He is an Honorary Fellow of the Actuarial Profession and a member of the Royal Economic Society. He is widely published with three books to his credit. His overseas experience includes spells in Italy, Ukraine, Australia, Russia, Japan and China. His current research interests include ageing, pensions, health and social care and housing.

Andreas MILIDONIS

nullANDREAS MILIDONIS is an Assistant Professor in Finance (currently on leave) at the University of Cyprus. He is also a Senior Research Fellow, at the Insurance Risk & Finance Research Centre (IRFRC) at Nanyang Business School, NTU, Singapore.

His current research interests include actuarial science, insurance economics and corporate finance. 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.

He completed his Ph.D. in Risk Management & Insurance at Georgia State University, partly funded by the Society of Actuaries. 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), professional experience with Towers Perrin (USA) on pension plan valuation for large US companies, and other consulting projects in insurance and finance.

His paper on the predictability of insurance financial strength ratings won the 2012 Best Paper Award (Young Economist) at the EGRIE Annual Meeting. His article on executive compensation for insurance firms was shortlisted for the 2011 Lloyd's Science of Risk Prize (Behavioural Risk Category).

Radoslaw PIETRZYK

nullRadoslaw Pietrzyk is an Assistant Professor at Wroclaw University of Economics, Department of Financial Investments and Risk Management. In 2000 he graduated from Wroclaw Academy of Economics with a master degree. His master thesis addressed the problem of empirical verification of popular option pricing models. The subject of his doctoral thesis, defended in 2007, was extreme value theory and its applications in financial risk analysis. His main areas of interest are risk management, portfolio management and portfolio performance evaluation. Currently, his interest is focused on life-cycle-spanning integrated model of household risk. Within the research he develops the building blocks of the model that are connected with household financial goals and their financing, investment portfolio of the household, its performance evaluation and risk control in the financial plan.

Pawel ROKITA

nullPawel Rokita is an Assistant Professor at Wroclaw University of Economics, Department of Financial Investments and Risk Management. In 1999 he graduated from Wroclaw Academy of Economics with a master degree. His master thesis addressed the problem of stock market efficiency. In 2004 he defended his doctoral thesis on Value at Risk models in banking. For several years his research was focused on the area of market risk measurement and dependence measurement, including dependence between extreme values. Currently his scientific interests encompass stability of financial system, systemic approach to financial markets and personal finance. In the field of personal finance he is a member of a research team developing a life-cycle-spanning integrated model of household risk. Within the project he is responsible for risk identification and measurement with regard to various types of risk faced by households, as well as integrating results of the research in this field with a model of household life-long financial plan.

Carsten Paysen T. ROSENSKJOLD 

nullCarsten Paysen T. Rosenskjold is a PhD candidate in Economics and Management at Aarhus University. He received his bachelor degree in Economics and Management at Aarhus University in 2012, and studied a M.Sc. in Quantitative Economics at Aarhus University, with special focus on time series and financial econometrics. His research interest focuses on econometrics of mortality modelling, longevity forecasting, pension and health economics.

Yahia SALHI

nullYahia SALHI holds a PhD in applied mathematics from University of Lyon (France), a MSc in actuarial science and finance, and an engineering diploma from Ecole des Mines, France. He is now assistant Professor at ISFA, Université Lyon 1, and associate researcher at BNP Paribas Assurance Chair "Management de la Modélisation". Yahia's main research interests include detection of abrupt changes, longevity and mortality modelling, pricing and management as well as surrender risk modelling and mathematical aspects of impairment of financial assets under IFRS regulations.

Tianxiang SHI

nullTianxiang Shi is an Assistant Professor of Actuarial Science in the Department of Finance at the University of Nebraska-Lincoln. He obtained his PhD in Actuarial Science from the University of Waterloo and is an Associate of the Society of Actuaries (ASA). He also received a B.S. degree in Mathematics from Zhejiang University in China and a M.S. degree in Actuarial Science from the University of Illinois at Urbana-Champaign. Dr. Shi's research interests are in risk and ruin theory, aggregate claims, stochastic modeling in insurance and finance. His research papers have been published in top-tier actuarial science journals such as Insurance: Mathematics and Economics, and ASTIN Bulletin. He was one of the SOA's James C. Hickman Scholar recipients from 2011-2013.

Ralph STEVENS

ralph stevensRalph Stevens is a senior research fellow at CEPAR (Center of Excellence in Population Aging Research) at the school of Risk and Actuarial Studies at UNSW Australia.His research interests includes longevity risk, annuities and retirement decisions.

Chong It TAN

nullChong It Tan is currently a PhD candidate in Nanyang Business School, Singapore. He received a Bachelor degree in Business with a major in Actuarial Science and a minor in Mathematics from Nanyang Technological University. His research interests include stochastic mortality modelling, longevity risk management and securitization. He is an Associate of the Society of Actuaries and Chartered Enterprise Risk Analyst.

Julian TOMAS

nullJulien Tomas holds a Ph.D in business economics from the University of Amsterdam (Netherlands). His thesis entitled "Quantifying biometric life insurance risks with non-parametric smoothing methods" provides powerful tools to regulate biometric laws, particularly in the context of best estimate under Solvency II. Applications presented show that advanced methods yield good results even for complex risk behavior.
Julien Tomas also holds a master degree in Econometrics from the University of Paris 1 Panthéon-Sorbonne and a Masters in Health Economics from the Faculty of Medicine Paris XI. He also worked as a researcher at the Financial Solutions Life and Health department of the reinsurance company Munich Re (Germany).
Julien Tomas is a postdoctoral fellow in the laboratory of Financial and Actuarial Sciences, ISFA - University of Lyon 1.

Jason Chenghsien TSAI

nullJason Chenghsien Tsai is a professor of the Risk Management and Insurance Department and the director of Risk and Insurance Research Center at National Chengchi University. Jason's research interests lie at the intersection of insurance and finance. He has published in the Journal of Risk and Insurance, Insurance: Mathematics and Economics, European Journal of Operational Research, among others. Jason has led and participated in many projects for insurance supervisors, organizations, and companies in Taiwan. He was a Fulbright Scholar visiting Santa Clara University. Jason's doctoral degree is in Risk Management and Insurance from Georgia State University. He got his Master's and Bachelor's of Business Administration from Carnegie Mellon University and National Taiwan University, respectively.

Chou-Wen Wang

nullDr. Chou-Wen Wang is the professor of Department of Finance in the National Kaohsiung First University of Science and Technology and a fellow of Risk and Insurance Research Center, College of Commerce, National Chengchi University, Taipei, Taiwan. He received his Ph.D. in Department of Money and Banking at National Chenchi University in Taiwan and his master degree in Department of Finance at National Sun Yat-Sen University in Taiwan. His research interest covers option pricing, financial risk management, portfolio selection, and stochastic mortality model.

Sharon S YANG

nullDr. Sharon S. Yang is a professor of department of Finance at the National Central University in Taiwan. She received her Ph.D. in actuarial mathematics at Heriot-Watt University in U.K. and her master degree in actuarial science at University of Iowa in the U.S. Her research interests cover pricing and financial risk management for insurance and pension, equity return modeling, mortality modeling, and securitization. Her research appears in Insurance Mathematics and Economics, Journal of Risk and Insurance, Austin Bulletin and The Geneva Papers on Risk and Insurance.

Dr. Yang's research has examined issues including pricing embedded guarantees with variable annuities and pension planes, pricing and risk management for reverse mortgages, pricing survivor derivatives and securitization, mortality modeling and asset liability management. In addition to academic experience, Dr. Yang shares her knowledge with many actuarial practices, the director of Taiwan Insurance Guarantee Fund, a reviewer of life insurance products for Insurance Bureau of Financial Supervisory Commission, a reviewer of structure notes issued with insurance products for Taiwan Financial Service Roundtable and a member of the discipline committee for Actuarial Institute of Republic of China.

Ching-Syang Jack YUE

nullChing-Syang Jack Yue is a consultant and actuary, as well as a professor of Statistics Department at College of Commerce, National Chengchi University. In 1997, Jack formed the Statistical Consulting Center at College of Commerce, National Chengchi University. He served as the Chair of Statistics Department in 2003~2005 and the director of Survey Center in 2008~2010, at the College of Commerce, National Chengchi University. Jack has been a consultant and advisor in life table construction for the Taiwan government (Ministry of Interior) and Taiwan Insurance Institute. He was a reviewer of the Review Committee of Life insurance Products of Financial Supervisory Commission, Taiwan government. In addition, he is also active in population study and served as the director of Taiwan Population Association in 2011~2013. He has participated in prior Longevity Risk and Capital Markets Solutions Conference since 2008, and has the study results published in the academic journals. Right now, Jack focuses his research on the longevity study, especially on the mortality models and its impact on retirements and insurance business.

Kenneth Q. ZHOU

nullKenneth Q. Zhou is a graduate student in the Department of Statistics and Actuarial Science at the University of Waterloo. He also received his Bachelor of Mathematics degree in Actuarial Science at the University of Waterloo. His current research interests are longevity risk management, stochastic mortality modelling and population basis risk.

Nan ZHU

nullDr. Nan Zhu is an Assistant Professor of Actuarial Science at Illinois State University. He earned his B.S. and M.S. in Financial Mathematics, and B.A. in Economics, all from Peking University (China), and received his Ph.D. in Risk Management and Insurance from Georgia State University. He is an Associate of the Society of Actuaries and Charted Enterprise Risk Analyst.

Dr. Zhu's research interests include stochastic mortality modeling, applications of contract theory in insurance market, quantitative risk management, and the life settlement market. He has published in the Journal of Risk and Insurance, The North American Actuarial Journal, The Geneva Papers on Risk and Insurance. He won the Research Grant by the Geneva Association in 2011.