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. Sep. 28, 2017David Sprott Distinguished Lecture by Susan A. MurphyDavid Sprott Distinguished lecture poster

  2. Aug. 10, 2017Pengfei Li is a 2017 recipient of the Faculty of Mathematics Award for Distinction in Teaching Pengfei Li

    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.

  3. July 12, 2017Samuel Eckler Medal in Actuarial ScienceAward winner Kieran Hendrickson-Gracie

    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.

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  1. Oct. 26, 2017Department Seminar by Rafal Kulik, University of Ottawa

    Estimation of the expected shortfall given an extreme component under conditional extreme value model

    For two risks, $X$, and $Y$ , the Marginal Expected Shortfall (MES) is defined as $E[Y \mid  X > x]$, where $x$ is large. MES is an important factor when measuring the systemic risk of financial institutions. In this talk we will discuss consistency and asymptotic normality of an estimator of MES on assuming that $(X, Y)$ follows a Conditional Extreme Value (CEV) model. The theoretical findings are supported by simulation studies. Our procedure is applied to some financial data. This is a joint work with Kevin Tong (Bank of Montreal).

  2. Oct. 30, 2017Department seminar by Changchun Xie, University of Cincinnati

    Analysis of Clinical Trials with Multiple Outcomes

    In order to obtain better overall knowledge of a treatment effect, investigators in clinical trials often collect many medically related outcomes, which are commonly called as endpoints. It is fundamental to understand the objectives of a particular analysis before applying any adjustment for multiplicity. For example, multiplicity does not always lead to error rate inflation, or multiplicity may be introduced for purpose other than making an efficacy or safety claim such as in sensitivity assessments. Sometimes, the multiple endpoints in clinical trials can be hierarchically ordered and logically related. In this talk, we will discuss the methods to analyze multiple outcomes in clinical trials with different objectives:  all or none approach, global approach, composite endpoint, at-least-one approach.

  3. Oct. 31, 2017Department seminar by Wenqing He, Western University

    Data Adaptive Support Vector Machine with Application to Prostate Cancer Imaging Data

    Support vector machines (SVM) have been widely used as classifiers in various settings including pattern recognition, texture mining and image retrieval. However, such methods are faced with newly emerging challenges such as imbalanced observations and noise data. In this talk, I will discuss the impact of noise data and imbalanced observations on SVM classification and present a new data adaptive SVM classification method.

    This work is motivated by a prostate cancer imaging study conducted in London Health Science Center. A primary objective of this study is to improve prostate cancer diagnosis and thereby to guide the treatment based on statistical predictive models. The prostate imaging data, however, are quite imbalanced in that the majority voxels are cancer-free while only a very small portion of voxels are cancerous. This issue makes the available SVM classifiers typically skew to one class and thus generate invalid results. Our proposed SVM method uses a data adaptive kernel to reflect the feature of imbalanced observations; the proposed method takes into consideration of the location of support vectors in the feature space and thereby generates more accurate classification results. The performance of the proposed method is compared with existing methods using numerical studies.

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Meet our people

Ken Seng Tan

Ken Seng Tan


University Research Chair

Contact Information:
Ken Seng Tan

Research interests

Professor Tan held a Canada Research Chair in Quantitative Risk Management. His research interests lie at the intersection of actuarial science, finance, mathematics, and statistics. Much of his work relates to the development and implementation of innovative approaches to risk management, scientific computation, and optimal reinsurance.