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.

  1. May 31, 2019Master of Actuarial Science (MACTSC) 10th AnniversaryMACTSC 10th Anniversary Banner

    In 2019, the Master of Actuarial Science (MActSc) professional degree program will be celebrating 10 wonderful years at the University of Waterloo. 

    MActSc is an internationally renowned program in actuarial science and risk management, and is located within the Department of Statistics and Actuarial Science. This fast track professional program is only offered to the best and brightest students from around the world. Once accepted these students receive one-on-one interpersonal training from prominent faculty in the field of actuarial science. After 10 rigorous and demanding years, staying on the cutting edge of the industry and training the most elite in this field, the MActSc program will be celebrating by hosting a banquet dinner on May 31, 2019. 

    This event will be great opportunity for past and current students, faculty, and industry supporters to celebrate their hard work over the past decade.     

  2. Nov. 23, 2018Inspiring Student - Tianyi LiuTianyi Liu

    MQF is such a great program. It’s a good combination of studying, researching, and finding a job – doing an internship.

    Tianyi Liu, Master of Quantitative Finance student

    A graduate of Waterloo’s undergraduate mathematical finance program, Tianyi was a natural fit for the Master of Quantitative Finance program. He knew many of his professors, and appreciated the computing facilities and the support of his department.

  3. Nov. 19, 2018The Vector Institute recognizes MMath Data Science for Artificial Intelligence Scholarship Vector Institute logo
    Source: Vector Institute for Artificial Intelligence

    There are currently eight programs recognized by the Vector Institute for Artificial Intelligence for ensuring that master’s graduates are equipped with the knowledge, skills and competencies sought by industry.  The Department of Statistics and Actuarial Science's Master of Mathematics (MMath) Data Science Specialization is one of the few recognized programs. 

    The Vector Institute (Vector) has been tasked with supporting Ontario’s growing AI eco-system by aiding Ontario’s AI companies and labs source talent. This will be achieved through a combination of three primary activities: talent placement via internships; networking and AI community building; and, applied AI education.

    A primary goal associated with applied AI education is to increase enrolment and the number of graduates from AI-related master’s programs. To support universities in achieving this goal, Vector has introduced the Vector Scholarships in Artificial Intelligence (VSAI) to recognize top students enrolled in AI-related master’s programs. 

    The VSAI are expected to enhance recruitment of top tier students, increase the number of applicants to recognized AI programs, increase access to advanced studies in AI, and build community among scholars.

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  1. May 31, 2019Master of Actuarial Science (MACTSC) 10th AnniversaryMACTSC 10th Anniversary banner

    In 2019, the Master of Actuarial Science (MActSc) professional degree program will be celebrating 10 wonderful years at the University of Waterloo. 

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Faculty Joint Publications

Map of Faculty and PhD Students backgrounds

Meet our people

Bin Li

Bin Li

Assistant Professor

Contact Information:
Bin Li

Research interests

My research interests are in the fields of actuarial science, applied probability, and mathematical finance. In particular, my current research is mainly in insurance and finance driven problems using various stochastic control and stochastic analysis techniques.