Longevity risk is an essential concept for life insurance companies and reinsurance companies. A deep understanding of the risk is crucial, as an underestimation of longevity can seriously affect the financial healthiness of pension plans and annuity funds.
A statistics professor used his expertise in calculating probabilities to come up with a 98 winning percentage for Tim Hortons popular Roll up the Rim contest.
University of Waterloo Faculty to Mathematics researchers have developed a new method that enables large insurers to reduce the time spent estimating the financial liabilities of their portfolios from days to hours while achieving high accuracy.
A study details the new method which significantly reduces computational time, but still estimates the financial liability of variable annuity portfolios accurately for business purposes.
The University of Waterloo appointed Professor Richard Cook a “University Professor” in recognition of his outstanding research contributions in the field of Biostatistics. Waterloo’s designation of University Professor acknowledges exceptional scholarly achievement and international pre-eminence.
Statistics and Actuarial Science PhD candidate Yilin Chen is one of two students to claim the 2020 Huawei Prize for Best Research paper by a Mathematics Graduate Student. The $4,000 prize affirms the value of Chen’s efforts to establish a framework for analyzing nonprobability survey samples in her winning paper: Doubly Robust Interference with Nonprobability Survey Samples.
They won’t graduate until next spring, but their startup has already taken flight.
The five founders of Gooloo recently earned a spot in the University of Waterloo’s Concept $5K Finals, where they explained their business model to a panel of judges alongside nine other student teams.
The University of Waterloo, which is among the top universities in the world for actuarial science and number one in co-operative learning, has combined these two things to help build a stronger insurance and pension industry in Indonesia.
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.
Not only do Canadians nearing retirement or already retired expect to work longer, but a majority of them believe they’ll have low liquid retirement assets.
PhD candidate Saisai Zhang and professors Mary Hardy and David Saunders conducted the 2016 Ontario Retirement Survey (ORS). The report examines the retirement concerns and risk preferences of 1,000 randomly selected Ontario pre-retirees and retirees aged 50 to 80.