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. 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.

  2. 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.

  3. Nov. 14, 2018Carbon emissions will start to dictate stock prices

    Companies that fail to curb their carbon output may eventually face the consequences of asset devaluation and stock price depreciation, according to a new study out of the University of Waterloo.

    The researchers further determined that the failure of companies within the emission-intensive sector to take carbon reduction actions could start negatively impacting the general stock market in as little as 10 years’ time.

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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.