The Actuarial Research Centre (ARC)
"The ARC provides businesses with the opportunity to fund the people and the research that will lead to innovation, profitability and intelligent business solutions. These are the principles that drive success.” Ronnie Bowie, Past President, Institute and Faculty of Actuaries
The Actuarial Research Centre - ARC - is an exciting new research initiative that has been established by the Institute and Faculty of Actuaries in partnership with the Scottish Financial Risk Academy (SFRA).
An international centre for the furthering of actuarial science based in Scotland, the ARC will create a bridge between actuarial research and business.
The ARC works by supporting students from academia and the actuarial profession from around the world by providing PhD scholarships and access to academic and commercial sponsors with the right experience to oversee and guide them in their research. The ARC will therefore contribute to the profession and the wider financial services industry through a combination of published and valuable research and the generation of a steady stream of technically highly skilled researchers.
In its first year the ARC, in partnership with two commercial co-sponsors, will support two PhD students. Research is intended to be relevant, innovative and practical; its first two students are conducting research on banking liquidity and liquidity risk premiums on corporate bonds. By 2014 the ARC expects to sponsor six PhD students.
Ronnie Bowie, Past President of the Institute and Faculty of Actuaries (pictured right), sees the ARC as “an exciting opportunity to advance outstanding thought leadership grounded in the practical needs of the financial services industry.
I also believe we will look back on the creation of the ARC as important milestone in the Profession’s development.”
Learn more about the ARC
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To learn more about the ARC you can:
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How can I get involved in the ARC?
There are three ways that actuaries can get involved.
- You might be interested in taking three to four years out of your career to undertake a PhD research project and therefore be interested in applying for a scholarship. One of the ARC’s first PhD students has done this.
- You can volunteer as a supervisor of an individual project. We want experts from relevant fields who will join the academic supervisors to monitor and mentor students, informing the research with their practical knowledge.
- Your company may be interested in sponsoring or co-sponsoring research.
Contact Professor Andrew Cairns, the director of the ARC, at: A.J.G.Cairns@hw.ac.uk to discuss in more detail.