Welcome to the Department of Statistics and Actuarial Science
The Department of Statistics and Actuarial Science is among the top academic units for statistical and actuarial science in the world and is home to more than 40 research active full-time faculty working in diverse and exciting areas. The Department is also home to over 900 undergraduate students and about 150 graduate students in programs including Actuarial Science, Biostatistics, Quantitative Finance, Statistics, and Statistics-Computing.
We are located on University of Waterloo main campus, which is located at the heart of Canada's Technology Triangle about 100 kilometers west of Toronto.
- June 15, 2018
The 2017 recipient of the Gold Medal of the Statistical Society of Canada (SSC) is Professor Richard Cook. The Gold Medal is awarded to a person who has made outstanding contributions to statistics, or to probability, either to mathematical developments or in applied work. It is intended to honour current leaders in their field.
To learn more about Richard's accomplishments, please visit the SSC website.
"To Richard John Cook, in recognition of his outstanding contributions to statistical theory and methodology, particularly in the areas of event history analysis, analysis of longitudinal data, and design and analysis of clinical trials; for exceptional accomplishments in collaborative medical research; for his outstanding record as a teacher and mentor; and for his leadership in biostatistics in Canada and abroad."
SSc Award citation
- Aug. 10, 2017
The selection committee announced that Pengfei Li of the Department of Statistics and Actuarial Science is one of the two 2017 recipiants of the Faculty of Mathematics Award for Distinction. Pengfei shares this honor with David Jao from the Department of Combinatorics and Optimization.
- July 12, 2017
This prize was established to recognize the contribution of Samuel Eckler to the actuarial profession and is provided by Eckler Partners. The medal, which is cast in gold, is awarded each year to the outstanding graduating student of the Honours Actuarial Science Program.
This year’s recipient is Kieran Hendrickson-Gracie who not only graduated as the top Actuarial Science major, but also has completed the five preliminary Society of Actuaries (SOA) exams, and earned three Cherry awards, in STAT 443, STAT 430, and STAT 431.
Kieran's brother Aaron Hendrickson-Gracie, was awarded the Samuel Eckler Medal in 2013.
- Aug. 23, 2017
Replacing the Replacement Rate: How Much is "ENOUGH" Retirement Income?
For years, the standard for measuring retirement income adequacy has been the final earnings replacement rate (usually targeted at 70%). Financial planners, actuaries, pension plan advisors, academics and public policy analysts all use this benchmark. It’s the measure that underlies our pension systems, drives the research that determines whether populations are prepared (or not) for retirement and serves as the backbone of retirement planning software.
But the question is, does it work? Will 70% of a worker’s final annual employment earnings actually sustain his or her living standards after retirement?
This presentation examines whether workers who hit this target actually can expect to maintain their living standards in retirement. Bonnie-Jeanne will also discuss an alternative, more accurate, basis for assessing how well a worker’s living standards are maintained after retirement - the Living Standards Replacement Rate.
- Sep. 14, 2017
Title and Abstract TBD
- Sep. 21, 2017
Title and Abstract TBD