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 about 50 research active full-time faculty working in diverse and exciting areas. The Department is also home to around 1000 undergraduate students and about 175 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 kilometres 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. Mar. 22, 2019Become a CAS Student Central Ambassador!

    If you are interested in becoming a CAS student ambassador, please fill out the web form.

    UW and the Casualty Actuarial Society (CAS) are seeking motivated and passionate students for the role of ambassador for the CAS Student Central membership program. As a CAS Student Central Ambassador, you will act as a champion for the CAS and the property and casualty profession at Waterloo by:

    • Helping to facilitate CAS University Liaison campus visits and presentations each semester
    • Increasing student awareness of the resources and opportunities available through CAS Student Central, and
    • Assisting with the development of CAS Student Central

    Details:

    • There will be two ambassadors, ideally with alternating co-op terms if one or both are co-op students
    • Ambassadors commit to a two-year term, with responsibilities expected to require 12 hours of work each semester
    • You must have sat for at least 1 actuarial exam by Fall 2019

    Read more

  3. Jan. 24, 2019Master of Quantitative Finance ranks #1 in Canada

    The Master of Quatitative Finance program has been recgonized as the top quantitative finance master's program in Canada. 

    Risk.net's Quant Finance Master Guide 2019 has updated their world ranking of the top 15 leading quatitative finance master's programmes.  University of Waterloo's Master of Quatitative Finanace (MQF) secrured the top spot within Canada and 12th overall globally.   

    Risk.net lists that they have determined their ranking by considering: 

    "metrics including graduate salaries, programme selectivity, student-lecturer contact hours and faculty research scores to run the rule over more than 40 leading quantitative finance-focussed master’s programmes worldwide. Particular weight was given to average graduate salaries and a strong employment rate."

    Risk.netQuant Finance Master’s Guide 2019

Read all news
  1. Feb. 22, 2019Department seminar by Tim Boonen, University of Amsterdam

    Equilibrium recoveries in insurance markets with limited liability


    In this talk, I will talk about optimal insurance in partial equilibrium in case the insurer is protected by limited liability, and the multivariate insured risk is exchangeable. I focus on the optimal allocation of remaining assets in default, and show existence of an equilibrium in the market. In such an equilibrium, perfect pooling of the risk in the market occurs, but a protection fund is needed to charge levies to policyholders with low realized losses. If policyholders cannot be forced ex post to pay a levy, the constrained equal loss rule is used in equilibrium. This rule gained particular interest in the literature on bankruptcy problems. Moreover, in absence of a regulator, the insurer will always invest all its assets in the risky technology. The welfare losses if other recovery rules are used in case of default are illustrated; a different recovery rule can substantially effect the profit of the insurer. This talk will be based on a working paper on SSRN.  

  2. Mar. 8, 2019Department seminar by Ed Furman, York University

    TBA

  3. Mar. 15, 2019Department Seminar by Runhuan Feng, University of Illinois at Urbana-Champaign

    TBA

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Meet our people

Adam Kolkiewicz

Adam Kolkiewicz

Associate Professor

Contact Information:
Adam Kolkiewicz

Research interests

Professor Kolkiewicz's research interests are primarily in the areas of statistics and financial mathematics. In statistics, he has focused on statistical tools for time series analysis, robust methods of estimation, and asymptotic methods of inference.