This research consortium is made up of academics and industry experts from across the globe

Research Team Biographies

Professor Jens Perch Nielsen

Professor Jens Perch Nielsen, joint principal investigator for this programme and Professor of Actuarial Science at Cass Business School, London, with a PhD in statistics from UC-Berkeley. He is a fully qualified actuary from Copenhagen, an associate member of the IFoA and has twenty years of experience in the insurance and pension industry. The invention of Time Pension, when he was research director in the global insurer RSA, was a game breaker in the Danish market. He served six year as consultant and entrepreneur before joining Cass as a full professor in 2012. He is the co-author of more than 100 scientific papers in reviewed journals of actuarial science, economics, econometrics, operational research and statistics and also has co-authored a book on quantitative operational risk modelling. Professor Nielsen has co-written published academic papers with all academic members of the project. He will be the primary supervisor for the Cass Business School-located doctoral students and postdoctoral researcher. He will meet regularly with the industrial partner, Jens Lind (Danika Pension) to discuss the research results obtained to date and get their input and feedback.

Dr Catherine Donnelly

Dr Catherine Donnelly, joint principal investigator for this programme and Associate Professor, Department of Actuarial Mathematics and Statistics, School of Mathematical and Computer Sciences, Heriot-Watt University. Dr Donnelly is a qualified actuary and has worked for four years in the pensions industry. She has a PhD in mathematical finance from the University of Waterloo, Canada. Her research interests lie in pensions, life insurance and stochastic control theory, and she has been published widely in these areas. She has published several papers with Professor Nielsen and Professor Guillen, and has a close working relationship with both of them. Dr Donnelly is the principal investigator at Heriot-Watt University. She will be the primary supervisor for the Heriot-Watt-located doctoral student and postdoctoral researchers.

Professor Montserrat Guillen Professor Montserrat Guillen, Director of the Riskcenter, the research group on Risk in Insurance and Finance, Institute of Applied Economics, University of Barcelona, Spain. Since April 2001, Professor Guillen has been Chair Professor of the Department of Econometrics at the University of Barcelona. Her research focuses on actuarial statistics, economics and quantitative risk management. She was President of the European Group of Risk and Insurance Economists, the Geneva Association, in 2011. She has served on industry boards as well as scientific groups, international programs and steering committees and she has also conducted R&D joint programmes with many companies. For example, she helped Professor Nielsen to invent Time Pension at the beginning of this millenium. Professor Guillen is expected to co-author at least ten of the fundamental papers of this programme. She is a popular invited conference speaker and will be a key player in the programme, when distributing our academic knowledge.
Dr Ana M.Perez Dr Ana M. Perez, Associate Professor of Actuarial Statistics at the University of Barcelona and a member of the research group Riskcenter. Her research interests are related to actuarial statistics, survival analysis and marketing in insurance. Dr Perez-Marin will take the computational lead of at least six papers of this project. She will provide one-to-one computational teaching to many of the doctoral students involved in the project.
Professor Stefan Sperlich Professor Stefan Sperlich, Professor at the University of Geneva, Switzerland. He has published over 60 papers since 1994, in addition to six books. His research is on the analysis of econometric models,empirical economics, non- and semi-parametric methods and computational statistics. He has led many research projects, as well as several consulting projects for the Spanish government. Professor Sperlich will work with Dr Scholz on generating the outputs for Workstream 4. Professor Sperlich has the responsibility for producing the outputs.
Dr Michael Scholz Dr Michael Scholz, Assistant Professor in the Department of Economics, University of Graz, Austria. His research interests are in economics and statistics, including semiparametric methods. Dr Scholz will work with Professor Sperlich on generating the outputs for Workstream 4. He will take the computational lead on these papers providing one-to-one teaching to the doctoral students involved.
Dr Munir Hiabu Dr Munir Hiabu, is a postdoctoral researcher on this research programme. Before joining the team, Munir studied Mathematics at Heidelberg University and obtained a PhD in Actuarial Science from Cass Business School.
Dr Thomas Bernhardt Dr Thomas Bernhardt, is a postdoctoral research on this research programme. Before joining the team he earned his PhD in mathematics from the London School of Economics and Political Science and moved to the UK from Berlin, Germany. He is passionate about mathematics and society, so joining a project to optimise future pension plans was a natural fit.
Dr Rami Chehab Dr Rami Chehab, is a postdoctoral researcher on this programme. Before joining the team, Dr Chehab received his PhD in Econometrics from the University of Exeter in 2017. He also holds an MSc Economics and Econometrics from the University of Exeter and a BE in Mechanical Engineering with a minor in Mathematics and Economics from the American University of Beirut.  Dr Chehab's research interest include the development of robust econometric and statistical inference methods using bootstrap algorithms with financial time-series: heavy-tails and dependent time series. These characteristics of financial time-series are a well-observed phenomenon, especially in our contemporary world. His research interest also includes modelling long-run asset returns for assessing risk and return for long-term investors such as pension plan participants. 
Photo of Peter Vodicka Peter Vodicka, is a PhD student working on this programme. Before joining the team Peter graduated from Comenius University in Bratislava where he studied Applied Mathematics and Modelling, before studying for his masters at Charles University in Prague. He is interested in subjects such as stochastic calculus, survival analysis, counting processes, portfolio risk management and optimal control.

 

 

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Events calendar

  • Spaces available

    Due to the COVID-19, we will be running this programme via a series of webinars commencing 22 April.  

    CIGI is a well-established seminar designed to increase awareness and encourage discussion on a variety of topical issues across the general insurance industry. 

  • Spaces available

    InsurTech headlines are often big statements, which seem impossible to many working in the sector day-to-day. How can actuaries implement new systems, keep the value from legacy systems, deliver BAU and not require the resources of three teams?

  • Spaces available

    Pressure on organisations to address climate change risks is intensifying. But what does this really mean for insurers? In this session Adhiraj Maitra and Gareth Sutcliffe will look at the why, the what and the how of this risk through a number of different lenses including regulatory, principle and resilience.

  • Spaces available

    There have been a number of events across the financial markets where particular services have fallen below customer expectations.  These have included inability to receive or make payments or or the inability to check your own status or access services.  In an increasingly interconnected world the causes of this are often complex and hard to spot in advance, but can be a major impact to the reputations of firms.

  • CIGI Webinar - Are you Vulnerable ?

    Webinar
    27 April 2020

    Spaces available

    With ever increasing focus from the FCA on pricing practices and the relationship between insurers and their customers, it is critical to ensure appropriate controls are in place. This presentation summarises the latest developments in the market and showcases practical approaches to mitigate the risk of poor customer outcomes in pricing, with a particular focus on protecting vulnerable customers.’

  • Spaces available

    This webinar provides an update on renewal pricing outcomes for Property and Casualty markets at the latest 1/1 reinsurance renewals with the focus being on capacity availability and price drivers.  These issues include, but are not limited to, the cat bond market, wider trends in claims outcomes, trends in Casualty RI space that affect pricing such as social inflation, yield curve, and the reserving cycle.

  • Spaces available

    The Ogden Discount Rate shock of 2017 brought about a period of profound uncertainty to General Insurance market.  GI Actuaries' first task was to estimate the impact of the Ogden shocks, particularly to reserving and reinsurance pricing.  Their second was to navigate a period of framework uncertainty, maintaining an agility in actuarial modelling as the Civil Liability Bill took shape. 

  • Spaces available

    Model validation should not be a tick box exercise. It has all the right ingredients to be a value adding exercise that can help senior management understand what really drives the business from a risk and capital perspective. Model validation can be a stressful, bloated process - and may not be as value adding as it could be. 

  • Spaces available

    The FCA’s interim report into general insurance pricing practices has brought into focus a number of market wide issues including:

    Price walking • Poor governance • Higher prices for potentially vulnerable customers • Higher prices for less aware customers

  • CANCELLED The Global Actuarial Profession

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    30 April 2020

    Spaces available

    We are sorry that this event has been cancelled.

    The IFoA's policy regarding COVID-19 is designed to safeguard the well-being of members and employees. As stated within the policy, the IFoA is reviewing its events programme on a case-by-case basis.

  • Spaces available

    The IFRS 17 Working Party have been producing a number of deep dive papers, these include topics such as risk adjustment, impact of disclosures on how uncertainty is perceived, deferring acquisition costs over renewals, PAA eligibility and more. 

  • SIAS Event: Cyber Insurance

    Staple Inn Hall, High Holborn, London, WC1V 7QJ
    4 May 2020

    Spaces available

    The talk will cover:
    • Why cyber security is regarded as the top threat to businesses (Allianz Risk Barometer 2019)
    • What is causing the shift in threat landscape
    • Who is attacking, why, and how we can stop them
    • Customer impressions of cyber security and how you can help them
    • Threats to evaluating insurable losses and responding to claims
    • How cyber insurance policies have evolved, and need to continue to do so
    • Can and should you recover ransoms under cyber insurance?
    • What is the future for cyber risk?

  • KSS event: Technology: A red-eyed Terminator or an actuary’s best friend?

     Hymans Robertson, Exchange Place 1, 1 Semple Street, Edinburgh, EH3 8BL
    4 May 2020

    Spaces available

    Despite long-running concerns that innovation could lead to widespread redundancy, technology has enabled greater productivity, created higher-value jobs and spurred us on to new heights. With artificial intelligence increasingly automating work undertaken by professionals, I look at the prospects for the actuarial profession in the era of unprecedented technological innovation.

  • Finance and Investment Conference 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    05-05 May 2020
    Spaces available

    Due to COVID-19, we are running this programme via a series of webinars commencing 5 May.

    The environmental, social and governance (ESG) space is growing rapidly and increasingly moving centre stage. In many cases, it is now an essential part of policy and central to the way stakeholders make decisions for the long term to ensure retention of clients, manage risk better, and ensure more economically efficient and sustainable investment returns.

    ESG factors cover a wide range of areas reflecting how vital consideration of these factors are part of wider systemic risks.

    The IFoA’s policy regarding Coronavirus is designed to safeguard the well being of those who attend IFoA events. Find out more. 

  • Professional Skills Training - Edinburgh (19 May 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    19 May 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (19 May 2020)

    Staple Inn, High Holborn, London WC1V 7QJ         
    19 May 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • CILA 2020

    Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE
    20 May 2020

    Spaces available

    Due to COVID-19 this event has been postponed until later in the year. A new date will be announced soon.

    Thank you for your patience and understanding.

  • Protection, Health and Care Conference 2020

    The Grand Brighton, 97-99 Kings Rd, Brighton BN1 2FW
    02-03 June 2020
    Spaces available

    The Protection, Health and Care Conference is an annual conference aimed at all insurance professionals with a passion for harnessing insurance risk in their organisations.

  • Spaces available

    How we relate to others at work, whether they are colleagues, clients, prospective clients or other business contacts is key to individual career progression and business performance. People buy people , so considering what we are known for and how to be positively memorable are vital. This session looks at the importance of professional relationships, the psychology of personal image and impact and the three personal impact 'tools' which affect what people say about us when we're not in the room.

  • Mortality and Longevity 2020

    1 Birdcage Walk, Westminster, London SW1H 9JJ
    08-08 June 2020
    Spaces available

    This highly regarded seminar will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity.  The program is designed for life, pensions and health and care actuaries, academics, researchers, underwriters and related practitioners eager to learn about the latest developments in mortality and longevity.  The sessions are designed to be very accessible to a broad range of exp

  • Professional Skills Training - London (10 June 2020)

    Staple Inn, High Holborn, London WC1V 7QJ       
    10 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - Edinburgh (17 June 2020)

    IFoA (Edinburgh), Level 2, Exchange Crescent 7 Conference Square Edinburgh EH3 8RA
    17 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Professional Skills Training - London (18 June 2020)

    Staple Inn, High Holborn, London WC1V 7QJ   
    18 June 2020

    Spaces available

    A Trusted Profession

    A 2 hour CPD event designed to meet the IFoA’s Stage 3 Professional Skills Training under the IFoA’s CPD Scheme 2019/2020This session is suitable for actuaries working in any area (i.e. it is not specifically aimed at Pensions, GI or any other technical discipline) and is interactive, so you should come along prepared to take part in the discussions.

  • Pensions Conference 2020

    Renaissance Manchester City Centre Hotel, Blackfriars Street, Manchester,M3 2EQ
    18-19 June 2020
    Spaces available

    Join us as this year’s conference that will focus on topics including  funding and savings, pension law current issues, ESG, the end game and transferring risk, investment issues, data visualisation and data science.

  • IFoA Asia Conference 2020, Kuala Lumpur

    CCEC Nexus, 7, Jalan Kerinchi, Bangsar South, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
    24-25 June 2020
    Spaces available

    This event has been postponed. A new date will be announced.

    The IFoA's policy regarding COVID-19 is designed to safeguard the well-being of members and employees. As stated within the policy, the IFoA is reviewing its events programme on a case-by-case basis.

    To this end the IFoA and their strategic partner, the AIR, have taken the decision to postpone this year's Asia Conference. A new date will be announced pending further reviews over the following months.