The research team consists of leading experts in risk analysis, risk modelling and risk evaluation at the University of Leicester.

Dr Bogdan Grechuk is the programme’s Principal Investigator. He is a member of the School of Mathematics and Actuarial Science at the University of Leicester, specialising in risk analysis and machine learning. He has led risk analysis research in several projects, including the recently funded Innovate UK KTP grant with TG0 Ltd. In 2010, Dr Grechuk et al. developed a theory of generalized Chebyshev inequalities which can be used for robust estimation of the probabilities of rare events. In 2014, he developed with Zabarankin a novel theory for studying the risk of catastrophic events. More recently, he participated in developing mathematical foundations for an error correction mechanism in data-driven artificial intelligence (AI) systems. Dr Grechuk has led undergraduate and MSc modules on the principles of actuarial modelling, with applications to mortality and morbidity modelling.

Prof Alexander Gorban is the Director of the Centre for Artificial Intelligence, Data Analysis and Modelling (AIDAM) and Professor of Applied Mathematics at the University of Leicester. He is known for the development of algorithms for the fast learning of neural networks, methods for dimensionality reduction in machine learning and beyond, applied data mining projects, and recently developed the technology of AI correctors. He is the Academic Leader in three Innovate UK KTP grants and a Co-Investigator of a £1M AHRC grant on using AI and Machine Learning in Archaeology. He was a visiting professor and research scholar at the Clay Mathematics Institute, IHES, Courant Institute, and Isaac Newton Institute. He has active academic collaborations with IHES, ETH Zurich, Institut Curie, Saint Louis University, Eindhoven University of Technology, and Toyota Technical Centre, Ann Arbor. He has been the Principal Investigator of various EPSRC, Royal Society, LMS and British Council projects for the organisation of research workshops and the development of international scientific collaboration. Among his collaborators and co-authors are two Presidents of the International Neural Network Society, D. Wunsch and D. Prokhorov. Prof Gorban was an invited plenary speaker at the 2020 IEEE World Congress of Artificial Intelligence. He has over 11,000 citations with an h-index of 51 on Google Scholar.

Dr Evgeny Mirkes has experience in practical data analysis and the implementation of various data-driven models, including models for mortality evaluation, risk evaluation. His main research interests are biomathematics, data mining and software engineering, neural network and artificial intelligence. He has led and supervised many projects in data analysis and the development of decision-support systems for computational diagnosis and treatment planning, and has participated in applied projects in Natural Language Processing in the area of social media data analysis. He has rich experience in Predictive Mathematical and Computational Modelling and in finding solutions to classification, clustering and auto coding problems. In particular, he developed a special programming language for Neural Networks, created a theory on geometrical complexity which is applicable to approximators of several types and allows the comparing of various methods of data approximations. He elaborated a new and universal framework to minimise arbitrary sub-quadratic error potentials in machine learning and developed new machine learning methods, which achieve orders of magnitude with faster computational performance than corresponding state-of-the-art methods.

 

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Events calendar

  • Spaces available

    The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.

  • Spaces available

    This session is for new candidates and existing candidates where we will be discussing the practical steps you need to take leading up your exam and on the day. We will be discussing how to testing the online exam platform, downloading and uploading your paper and key information from the Exam Handbook.

    The exam webinar is for candidates, new to IFoA exams and returning candidates, sitting in the September 2022 exam session.

  • Spaces available

    The role of Non-Executive Directors has become increasingly challenging and critical over the past few years.

    Big picture thinking, Governance knowledge, Independent mindset, Ambassador potential and Energy and commitment: these are the essential skills sought in a successful NED, according to the Chartered Governance Institute (UK & Ireland).

    In parallel, Environmental, Social and Governance (ESG) criteria are increasingly key and used by investors to measure the sustainability and ethical impact of investing in an organisation.

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    In the UK, the idea of collective defined contribution (CDC) pension schemes is gaining more attention with the launch of the Royal Mail CDC scheme, the first of its kind in the UK. Our recent research on CDC plans investigates the sources of the putative benefits of CDC schemes: the smoothing of pensions for members.  Using an attribution analysis to burrow into the scheme design, the reason for the smoothing of members' pensions is explained and understood.

  • Spaces available

    The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar.   Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity.   This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations.    Attendees will be invi

  • Social Care Agenda

    11 October 2022

    Spaces available

    Social care reform has long been on the to-do list for successive governments over the last two decades. In February, the government’s proposed reforms to adult social care [including cap on care costs] was published. Against this backdrop of funding promise and rising National Insurance taxation, in this session we will debate the resilience of these new proposals, the impact of future demand for care services and what role for the insurance industry and the important role it has played in long-term care funding in other countries where public-private partnership works.

  • Spaces available

    Health contributes to happiness at the personal, family, community and societal level.  Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.

  • GIRO Conference 2022

    ACC Liverpool  
    21 November 2022 - 23 November 2022
    Spaces available

    We are delighted to announce the return of GIRO as an in-person conference, giving you an opportunity to connect with actuaries in your practice area. Join leading experts to discuss key issues, emerging ideas, and new research across the General Insurance sector.

  • Life Conference 2022

    ACC Liverpool Kings Dock Liverpool Waterfront Liverpool Merseyside L3 4FP
    23 November 2022 - 25 November 2022
    Spaces available

    Life Conference returns as an in-person conference in 2022, giving you an opportunity to connect with your peers and fellow actuaries in your sector, in person. You will also hear leading experts discuss key issues, emerging ideas, and new research across the Life insurance sector.

  • Spaces available

    Mortality and morbidity risk varies by variables such as age, sex and smoking. In traditional actuarial experience analysis, these variables, and certain combinations thereof can be explored. However, with the wealth of data now available it is becoming increasingly challenging to identify the key drivers of experience and account for the interaction between different variables. A univariate approach often compares apples and pears, for example males are more likely to smoke and have larger policies than females. Likewise, variable interactions are missed unless specifically included.