Download CV - Geneva Association

EDUCATION:
Ph.D. (Statistics) University of Waterloo, Canada 1993
M.S. (Statistics) University of Saskatchewan, Canada 1991
M.S. (Mathematics) Peking University, China 1989
B.S. (Mathematics) Peking University, China 1986
PROFESSIONAL DESIGNATIONS:
Fellow of Casualty Actuarial Society (FCAS), Since 2001
Associate of the Society of Actuaries (ASA), 1993-2009
Chartered Enterprise Risk Analyst (CERA), Since 2013
Member of American Academy of Actuaries (MAAA), 2001- 2012
Member of American Risk and Insurance Association, 2004 - 2013
FELLOWSHIP AND AWARDS:
Shaun S. Wang
Deputy Secretary General
and Head of Research
The Geneva Association
1. Recipient of the 2012 Variance Journal Best Paper Prize (with John Major, Charles Pan, and
Jessica Leong).
2. Recipient of the 2012 Ronald Bornhuetter Loss Reserve Prize (with Jessica Leong and Han
Chen).
3. Recipient of the 2011 CAS/CIA/SOA Prize for Best Paper with Practical Risk Management
Applications (with John Major, Charles Pan, and Jessica Leong).
4. Recipient of the 2010 Robert Mehr Award by the American Risk and Insurance Association,
which is presented each year for the paper published in the Journal of Risk and Insurance ten
years ago that has best stood the test of time.
5. Awarded U.S. Patent ( #: US7752126) on 6 July 2010 -- “Computer-implemented method and
computer-readable medium for adjustment of risk and adjustment of parameters and uncertainty
of anticipated contract obligations in which student-T cumulative distribution is applied to shifted
results to create transformed cumulative probability weights.”
6. Invited to deliver a Capitol Hill briefing in Washington D.C. on the research report The Financial
Crisis and Lessons for Insurers on 29 September 2009.
7. Awarded U.S. Patent (# 7,315,842) on 1 January 2008 --“Computer System and
Method for Pricing Financial and Insurance Risks with Historically- Known or
Computer-Generated Probability Distributions”
8. Recipient of the Ronald Ferguson Prize in Reinsurance, 2004.

9. Recipient of the Inaugural Bob Alting von Geusau Memorial Prize by the International Actuarial
Association, 2003.
10. Recipient of the Charles A. Hachemeister Prize by the Casualty Actuarial Society, 2003.
11. Recipient of the Best Paper Prize at the CAS Ratemaking Seminar, 1997.
WORK EXPERIENCE:
Full-time positions
• 2007 – 2013, Full Professor of Actuarial Science, Holder of Thomas P. Bowles Chair of Actuarial
Science, Dept. of Risk Management and Insurance, Robinson College of Business, Georgia State
University.
• 2004 – 2007, Associate Professor of Actuarial Science, Holder of Robert W. Batten Chair of
Actuarial Science, Dept. of Risk Management and Insurance, Robinson College of Business,
Georgia State University.
• 1997 – 2004, SCOR Reinsurance Company, Director of Research, Itasca, IL 60007
• 1994 – 1997, Assistant Professor of Actuarial Science (promoted to Associate Professor with
Tenure in 1997), Department of Statistics and Actuarial Science, University of Waterloo, Waterloo,
Canada
• 1993 – 1994, Assistant Professor of Actuarial Science, Department of Mathematics and Statistics,
Concordia University, Montreal, Canada
Part-time and visiting positions
• 2010 – 2013, Chairman, Risk Lighthouse, LLC, Atlanta, GA, USA
• Summer 2009, Visiting Professor, University of Hong Kong, HK
• Summer 2008, Visiting Professor, Wuhan University, Wuhan, China
• Summer 2007, Visiting Professor, ISFA, Université Claude Bernard Lyon 1, France
• 2003 – 2004, Visiting Professor, Guanghua School of Management, Peking University
• Fall 1996, Visiting Associate Professor, University of Copenhagen, Denmark
• Fall 1995, Visiting Lecturer, Nankai University, Tianjin, China
PUBLICATIONS:
Refereed scholarly journals
1. Wang, Shaun, John Major, Charles Pan, and Jessica Leong (2011). “U.S. Property-Casualty:
Underwriting Cycle Modeling and Risk Benchmarks”, Variance Journal, 5(2): 91-114.
2. Chen, Hua, Samuel H. Cox and Shaun Wang (2010). “Is the Home Equity Conversion Program in
the United States Sustainable? Evidence from Pricing Mortgage Insurance Premiums and Non-
Recourse Provisions Using the Conditional Esscher Transform”, Insurance: Mathematics and
Economics, 46(2): 371-384.
3. Klein, Robert W., and Shaun Wang (2009) “Catastrophe Risk Financing in the United States and
the European Union: A Comparison of Alternative Regulatory Approaches,” Journal of Risk and
Insurance, 76(3): 607-637.
4. Wang, Shaun (2007), “Normalized Exponential Tilting: Pricing and Measuring Multivariate Risks”,
North American Actuarial Journal, 11(3): 89-99.
5. Milidonis, Andreas, and Shaun Wang (2007) “Estimation of Distress Costs Associated with
Downgrades Using Regime Switching Models”, North American Actuarial Journal, 11(4): 42-60.
6. Samuel H. Cox, Yijia Lin, and Shaun Wang (2006) “Multivariate Exponential Tilting And Pricing
Implications For Mortality Securitization,” Journal of Risk and Insurance, December 2006, 73(4):
719–736
7. Wang, Shaun “Cat Bond Pricing Using Probability Transforms.” The Geneva Papers on Risk and
Insurance – Issues and Practice, 2004

8. Wang, Shaun “Equilibrium Pricing Transforms: New Results Using Buhlmann’s 1980 Economic
Model.” ASTIN Bulletin, 33 (2003 May): 57-73.
9. Wang, Shaun “A Universal Framework for Pricing Financial and Insurance Risks.” ASTIN Bulletin:
32 (2002 November): 213-234.
10. Wang, Shaun “A Class of Distortion Operators for Pricing Financial and Insurance Risks.” Journal
of Risk and Insurance, 67 (2000 March): 15-36.
11. Dhane, Jan, Wang, Shaun, Young, Virginia, and Goovaerts, Marc “Comonotonicity and Maximal
Stop-Loss Premiums.” Bulletin of the Swiss Association of Actuaries, (2000): 99-113.
12. Wang, Shaun “Aggregation of Correlated Risk Portfolios: Models and Algorithms.” Proceedings of
the Casualty Actuarial Society, Vol. LXXXV (1998): 848-939.
13. Wang, Shaun “Implementation of PH-transforms in Ratemaking.” Proceedings of the Casualty
Actuarial Society, Vol. LXXV (1998): 940-979.
14. Wang, Shaun, and Brown, Robert “A Frailty Model for Projection of Mortality Improvement.”
Journal of Actuarial Practice, Vol. 6 (1998): 197-241.
15. Chan, Wai-Sum, and Wang, Shaun “The Wilkie Model for Retail Price Inflation Revisited.” British
Actuarial Journal, 4 (1998): 637-652.
16. Wang, Shaun “An Actuarial Index of the Right-Tail Risk.” North American Actuarial Journal,
2(1998): 88-101.
17. Wang, Shaun, and Dhane, Jan “Comonotonicity, Correlation Order and Premium Principles.”
Insurance: Mathematics and Economics, 22 (1998): 235-242.
18. Wang, Shaun, and Young, Virginia “Ordering of Risks: Expected Utility Theory versus Yaari’s Dual
Theory of Risk.” Insurance: Mathematics and Economics, 22 (1998): 145-161.
19. Young, Virginia, and Wang, Shaun “Updating Non-Additive Measures with Fuzzy Information.”
Fuzzy Sets and Systems, 94 (1998): 355-366.
20. Wang, Shaun, Young, Virginia, and Panjer, Harry. “Axiomatic Characterization of Insurance
Prices.” Insurance: Mathematics and Economics 21 (1997): 173-183.
21. Hesselager, Ole, Wang, Shaun, and Willmot, Gordon “Exponential and Scale Mixtures and
Equilibrium Distribution.” Scandinavian Actuarial Journal (1997): 125-142.
22. Wang, Shaun, and Young, Virginia “Risk-Adjusted Credibility Premium Using Distorted
Probabilities.” Scandinavian Actuarial Journal (1997): 143-165.
23. Gerchak, Yigal, and Wang, Shaun “Liquid Asset Allocation Using News Vendor Models with
Convex Shortage Costs.” Insurance: Mathematics and Economics, 20 (1997): 17-21.
24. Wang, Shaun “Premium Calculation by Transforming the Layer Premium Density.” ASTIN Bulletin
26 (1996): 71-92.
25. Wang, Shaun “Ordering of Risks under PH Transforms.” Insurance: Mathematics and Economics,
18 (1996): 109-114.
26. Wang, Shaun “Insurance Pricing and Increased Limits Ratemaking by Proportional Hazards
Transform.” Insurance: Mathematics and Economics, 17(1995): 43-54.
27. Wang, Shaun “On Two-Sided Compound Binomial Distributions.” Insurance: Mathematics and
Economics, 17 (1995): 35-41.
28. Panjer, Harry, and Wang, Shaun “Computational Aspects of Sundt’s Generalized Class.” ASTIN
Bulletin, 25 (1995): 5-17.
29. Wang, Shaun, and Sobrero, Monica “Further Results on Hesselager’s Recursive Procedure for
Calculation of Some Compound Distributions.” ASTIN Bulletin, 24 (1994): 161-166.
30. Wang, Shaun, and Panjer, Harry “Proportional Convergence and Tail-Cutting Techniques in
Evaluating Aggregate Claim Distributions.” Insurance: Mathematics and Economics 14 (1994):
129-138.
31. Wang, Shaun, and Panjer, Harry “Critical Starting Points for Stable Evaluation of Mixed Poisson
Probabilities.” Insurance: Mathematics and Economics, 13 (1993), 287-297.
32. Panjer, Harry, and Wang, Shaun “On the Stability of Recursive Formulas.” ASTIN Bulletin, 23
(1993): 227-258.

Refereed professional/practitioner journals
33. Dilip Madan, Shaun Wang, and Philip Heckman (2012) “The Liquidity Risk Premium Project”, Actuarial Review.
http://www.casact.org/liquidity/
34. Shaun Wang, China Financial Times (June 29, 2011), on systemic risks for insurance companies. http://www.
financialnews.com.cn/bx/txt/2011-06/29/content_374963.htm
35. Shaun Wang, “The Coming Storms”, May 2011 Actuarial Review
36. Shaun Wang, “Risk Intelligence”, in March 2009 issue of the Risk Management Newsletter.
37. Wang, Shaun, and Robert Faber, (2006) “Small can be beautiful: Observation from an ERM Study” Guest
Essay for American Association of Insurance Services Newsletter, 2006.
38. Shaun Wang, and Robert Faber (2006) Enterprise Risk Management for Property-Casualty Insurance
Companies, Research Report (August 1, 2006), ERM Institute International.
39. Wang, Shaun, “ERM is the next big thing for quants.” Financial Engineering News, Nov/Dec 2005.
40. Wang, Shaun, “Where is ERM Heading?” Editorial for the Risk Management Newsletter, March 2004
41. Wang, Shaun, and Mango, Donald “Blazing Research Trails at the 2003 Bowles Symposium.” Actuarial
Review, August 2003.
42. Wang, Shaun, and Mango, Donald “Research outside the Actuarial Comfort Zone at the 2003 Bowles
Symposium.” Actuarial Review, February 2003.
43. Wang, Shaun “Capital Allocation Methods.” Capital Allocation: A Necessity for the Insurance Industry, SCOR
Tech, 2003.
44. Wang, Shaun “Capital Allocation: What about the Future?” Capital Allocation: A Necessity for the Insurance
Industry, SCOR Tech, 2003.
45. Wang, Shaun “Risk Capital Management and RAROC in the Insurance Industry.” French Assurance Arbitrators,
7 (2002): 19-24
46. Wang, Shaun, and Coste, Claire-Marie, From Distortion Operator to Risk Load, SCOR Tech, 2002.
Books and monographs
47. Wang, Shaun “Catastrophe Bonds”, Encyclopedia of Quantitative Finance, 2005.
48. A Global Framework for Insurer Solvency Assessment, 2004 (as one of 20 contributors to this monograph, a total
of 185 pages).
49. Wang, Shaun “Pricing of Catastrophe Bonds Market.” Chapter 11 in Alternative Risk Strategies edited by Morton
Lane, 2002, Risk Waterhouse, London.
50. Guo, Z.H. and Wang, S. (1991). “Dynamics of unilateral systems on a finite-dimension Riemannian manifold.”
International Series of Numerical Mathematics, Vol. 101, 215-228, 1991, Birkhauser,Verlag, Basel.
Refereed conference proceedings
51. Dilip Madan, Shaun Wang, and Phil Heckman, 2012 “A theory of risk for two price market equilibria”. Research
paper presented at the 2012 CAS Annual Meeting, Orlando, November 2012. http://www.casact.org/liquidity/
52. Jessica Leong, Shaun Wang, Han Chen, 2012, Back-testing the over-dispersed Poisson bootstrap of the paid
chain-ladder model with actual historical claims data, research paper presented at the 2012 CAS Reserving
Seminar.
53. Xiangjing Wei, Shaun Wang, and Eric Ulm, Bond Insurers: Avoiding Capital Pro-cyclicality, presented at the 2011
ARIA Annual Meeting, San Diego, 8 August 2011, also presented at the 2011 FMA Annual Meeting October 19 -
22, 2011, Denver, CO.
54. Andrew Matthews, Shaun Wang, Robert Faber & Paul Cassidy, Putting enterprise risk management into best
practice - a case study, presented at the Institute of Actuaries of Australia Biennial Convention, September 23-26,
2007, Christchurch, New Zealand.
55. Shaun Wang, Risk-Adjusted Correlation for Economic Capital Calculations, presented at the 2007 Bowles
Symposium & ERM Symposium.
56. Wang, Shaun, A Set of New Methods and Tools for Enterprise Risk Capital Management and Portfolio
Optimization. CAS Risk Capital Management Call Paper Program, Summer 2002: 43-78.
57. Wang, Shaun, A Risk Measure That Goes Beyond Coherence. Proceedings of 2002 AFIR (Actuarial Approach to
Financial Risks), March 2002, Cancun, Mexico.
58. Wang, Shaun, Ambiguity-Aversion and the Economics of Insurance. Proceedings of the ARIA Risk Theory
Society, University of Wisconsin-Madison, April 1996.
59. Wang, Shaun, and Panjer, Harry, Further Results on the Stability of Recursive Formulas.” Transactions of the
25th International Congress of Actuaries, 1995, Brussels, Belgium.
60. Wang, Shaun, Risk Loads in Life/Non-Life Insurance: A Unified Approach. Transactions of the XXIV ASTIN
colloquium, 1995, Belgium.

Non-refereed and other
61. Shaun Wang, 2013, Application of Actuarial Science to Systemic Risks, Research Report, funded by the CAS/
CIA/SOA Risk Management Section. http://www.soa.org/Research/Research-Projects/Risk-Management/
research-2013-app-act-science.aspx
62. Han Chen, Zhou Fang, Tony Ha, Shaun Wang, Xin Wang, and Bruce Yang, 2012, Development of a Network
Model for Identification and Regulation of Systemic Risk in the Financial System. http://www.casact.org/cms/files/
Development-NetworkModel-FINAL_1.pdf
63. Robert Klein, Gang Ma, Eric Ulm, Shaun Wang, Xiangjing Wei, George Zanjani, 2009, The Financial Crisis and
Lessons for Insurers. This paper investigates how the subprime mortgage crisis and the broader financial crises
impacted insurance companies’ asset portfolios, and lessons learned for insurers. http://www.soa.org/research/
research-projects/finance-investment/research-fin-crisis.aspx
64. Shaun Wang, 2009, Building Toward a Resilient Financial System, 17 August 2009. http://ssrn.com/
abstract=145345
65. Shaun Wang, 2009. Good Asset Purchase Plan (GAPP): A Strategy for Economic Recovery, 14 April 2009. http://
papers.ssrn.com/sol3/papers.cfm?abstract_id=1381002
66. Xiangjing Wei and Shaun Wang (2008), Dynamic Model: House Price Returns, Mortgage rates and Mortgage
Default Rates, working paper. http://www.business.uconn.edu/finance/seminars/papers/xwei.pdf
Work in progress
67. Han Chen and Shaun Wang, A Network Model Approach to Systemic Risk in the Financial System, working
paper, submitted to the 2013 Financial Stability Conference, 30-31 May 2013, in Washington, D.C.
68. Gregory Taylor and Shaun Wang, “ERM in an optimal control framework”, paper abstract submitted to GIRO,
which takes place in Edinburgh over the period 8-11 October 2013.
69. Shaun Wang, “Actuarial Methodology for Estimating Property Values”, paper abstract submitted to the 17th East
Asia Actuarial Conference, which takes place 15-18 October in Singapore.
70. Shaun Wang, “Actuarial Valuation versus Market Valuation under a Volatile or Abnormal Market Environment”,
paper abstract submitted to the 30th International Congress of Actuaries, which takes place in Washington, D.C.,
30 March -4 April 2014.
EXTERNALLY-FUNDED RESEARCH PROJECTS
1) Co-Principal Investigator (in collaboration with Temple University), Society of Actuaries CAE Research Grant
$200,000 for the research theme of “Actuarial and Econometric Analyses of Systemic Risk in the Insurance
Industry”, two-year research project to be completed in 2013-2014.
2) Principal Investigator, “Establishing Actuarial Measures of Property Value”, $50,000 research grant awarded by
the Casualty Actuarial Society, one year project in 2013.
3) Co-Investigator, “Methodologies of Validating Risk and Capital Models for Insurance Companies”, $58,000
research grant awarded by the Joint Risk Management Section, to be completed in 2013.
4) Center’s for Actuarial Excellence Research Grant - Improving the Risk Models of Financial Institutions, (July 2010
- Present), $675,000.00, Supporting.
5) Principal investigator, “Development of a Network Model for Identification and Regulation of Systemic Risk in the
Financial System,” research project ($65,000) sponsored by the Joint Risk Management Section, completed in
2012.
6) Principal investigator, “Applications of Actuarial Science to Systemic Risks”, research project ($35,000) awarded
by the Joint Risk Management Section, completed in 2012.
7) Principal investigator, Casualty Actuarial Society Research Project, “Liquidity and Credit Risk in the Valuation of
Assets and Liabilities in a Going Concern”, US$42,000, with Dilip Madan and Philip Heckman, completed in 2011.
8) Principal investigator, Society of Actuaries Research Project, “The Financial Crisis and Lessons for Insurers”,
US$44,000, completed in 2009.
9) Principal investigator, CAS Research Grant, “Enterprise Risk Management for Property Casualty Insurance
Companies”, US$20,000, completed in 2006.
10) Co-investigator, Society of Actuaries Research Grant, US$21,000, “Estimating the Actuarial Cost Function of
Financial Distress”, completed in 2006.
11) Principal investigator, Casualty Actuarial Society Committee on Theory of Risk: “Aggregate Loss Distributions:
Convolution and Time Dependency”, US$25,000, completed in 1997.
12) Grant from the Society of Actuaries Committee on Knowledge Extension and Research: “An Actuarial Index of the
Right-Tail Risk”, US$8,500, completed in 1996.

13) Grant from Actuarial Education and Research Fund: “Insurance Pricing: Theory and Applications”, US$12,000,
completed in 1995.
14) Grant from National Science and Engineering Research Council of Canada for a research project: “Risk Measure
for a Dependent Risk Portfolio”, CND$13,000 per year for three years, in 1998-2000.
15) Grant from National Science and Engineering Research Council of Canada for a research project: “Further
Studies on Insurance Risks Computing”, CND$10,000 per year for three years, in 1994-1997.
PAPERS PRESENTED AT PROFESSIONAL MEETINGS
1) On 11 December 2012, invited to give a talk at the Monetary Authority of Singapore, “What Regulatory Approach
in ERM best suits Asia’s Financial and Insurance Markets?”
2) On 29 November 2011, spoke at a Webinar –“Mega Trends and Emerging Risks as of 2012”, organised by the
Society of Actuaries.
3) On 14 November 2012, presented a talk -- “Illiquidity Risk Premium” at the CAS Annual Meeting, Orlando, FL.
4) November 9, 2012, presented a talk -- “Calibration of Risk Parameters in Economic Capital Modeling”, CAS
CERA Seminar, Orlando, FL.
5) On 5 October 2012, presented “Capital Allocation: A Benchmark Approach” at the CAS In-focus Catastrophe Risk
Conference, Baltimore, MD.
6) On 10 October 2012, spoke on “Meta-Risks: System, Cycle and Mass Behavior Risks”, Guy Carpenter ERM
Conference, Chicago, IL.
7) On 10 September 2012, taught a one-day seminar on “Actuarial Modeling” for the ACE Group.
8) On 16 May 2012, presented “Systemic Risks for P&C Insurers” at the CAS Spring meeting, Phoenix, AZ.
9) On 19 April 2012, invited to speak on the panel “Enterprise Risk Management Blind Spots: Prophets of Emerging
Risk”, a general session of the ERM Symposium in Washington, D.C.
10) In December 2011, delivered a Webinar presentation organised by the Society of Actuarial on “Emerging Risks” to
a global audience from many countries.
11) Xiangjing Wei, Shaun Wang, and Eric Ulm, presented a paper “Bond Insurers: Avoiding Capital Pro-cyclicality”, at
the 2011 FMA Annual Meeting 19 - 22 October 2011, Denver, CO.
12) In September 2011, visited Temple University and presented a research paper “U.S. Property-Casualty:
Underwriting Cycle Modeling and Risk Benchmarks”.
13) Invited speaker at the 12th Annual Meeting for China Actuarial Association, in Xiamen, China, on 15-16
September 2011, the title of the speech --“Application of Actuarial Science in Studying Systemic Risks”.
14) On 7 July 2011, invited by Standard & Poor’s to conduct education training for their global Insurance Analysts at
the Standard & Poor’s New Year headquarter.
15) Speaker at the May 2011 Casualty Actuarial Society Spring Meeting “Systemic Risks for P&C Insurers”
16) Speaker at the May 2011 Casualty Actuarial Society Spring Meeting “Underwriting Cycles for P&C Insurers”,
17) Presented a research paper “U.S. Property-Casualty: Underwriting Cycle Modeling and Risk Benchmarks” at
March 2011 ERM Symposium in Chicago.
18) On 18 February 2011, invited to speak on “Coming Transformations in the Financial World” at the KEYS
conference in Charlotte, NC.
19) Delivered Capitol Hill Briefing on Research Findings of “Financial Crisis and Lessons for Insurers” in Washington
DC on 29 September 2009
20) Invited Speech at Wuhan University, “The Macro Economic and Financial View: New Landscape, New Problems,
require New Methods”, 16 June 2008.
21) Research Talk at Sichuan University, “Catastrophe Risk Securitization & Wang Transform Pricing” 14 June 2008.
22) Research Talk at Central University of Finance and Economics, “Catastrophe Risk Securitization & Wang
Transform Pricing” 19 June 2008.
23) Opening Keynote Research Talk, “Correlation Modeling and Correlation Parameters for Economic Capital
Calculations”, ERM-II Research Workshop: Economic Capital and Diversification effect at Group Level, Université
Claude Bernard Lyon 1, Lyon, France, 7 June 2007.
24) Keynote speaker at the International Forum on Enterprise Risk Management, held at Wuhan University, China,
8-9 December 2006. He delivered a talk -- “Enterprise Risk Management and Development of Harmonious
Society”.
25) Invited speaker of the Columbia University Risk Management and Derivatives Conference, New York, 3
November 2006. He delivered a talk titled “Research Problems in Enterprise Risk Modeling”
26) Invited speaker of the International Actuarial Congress, Paris, on 1 June 2006. He delivered a talk titled
“Enterprise Risk Management for Property-Casualty Insurance Companies”
27) Invited speaker of the Midwest Actuarial Forum, Madison, 29 September 2006. He delivered a talk titled

“Enterprise Risk Management for Property-Casualty Insurance Companies”.
28) Keynote Speech, “ERM: The Future Train”, The Actuarial Profession at the Crossroads, Academy Annual Meeting,
10-11 October 2005 Mayflower Hotel, Washington DC
29) Invited Keynote Speaker by a group of Japanese Universities & Organisations (Keio University, Nihon University,
JARIP, and the Institute of Actuaries of Japan), 1-7 October 2005
30) The Enterprise Risk Management Workshop, the National Academies (Board on Mathematical Sciences and
Their Applications), 14-15 January 2004, Washington DC, “Risk Aggregation in ERM”
31) The Joint Forum Meeting (Basel Committee on Banking Supervision, International Organization of Securities
Commissions, International Association of Insurance Supervisors), 6 November 2003, Federal Bank of New York.
Participation is by invitation only. Contributed comments.
32) CAS Annual Meeting, Charles A. Hachemeister Prize Paper Presentation, November 2003, New Orleans, A
Universal Framework For Pricing Financial And Insurance Risks.”
33) University of Wisconsin School of Business, September 2003, Madison, “Latest Trends of Risk Management in
Insurance Companies”
34) Joint French Finance Association and International IME Congress, 25 June 2003, Lyon, France, Chairman/
Moderator for the “Risk Measure Plenary Session”
35) Bowles Symposium Keynote Presentation, April 2003, Atlanta, “The Key Issues and Mission.”
36) Peking University Guanghua School of Management, February 2003, Beijing, “Latest Development in Risk
Management for Financial/Insurance Companies”
37) SCOR Capital Allocation Seminar, October 2002, Paris, France, “Capital Allocation Methods”, and “Capital
Allocation: What About the Future?”
38) CAS Risk and Capital Management Seminar, July 2002, Toronto, “New Tools for Enterprise Risk Capital &
Portfolio Optimization”
39) Restin Group Meeting (Reinsurance Section of ASTIN; Participation is by invitation only), May 2002, Naples, Italy,
“Insurance Company Capital Allocation”
40) The Fields Institute Quantitative Finance Seminar, 27 March 2002, Toronto, “Risk Measurement and Management
in Insurance Companies”
41) CAS Enterprise Risk Management Seminar, April 2001, San Francisco, “Contingent Payoffs in ERM”
42) The French Reinsurance Seminar, March 2000, Paris, France, “From distortion operators to risk loads” (together
with Claire-Marie Coste)
43) The CAS Ratemaking Seminar, March 1998, Chicago, “Aggregation of Correlated Risk Portfolios”
44) The ICSA Applied Statistics Symposium, June 1997, Rutgers University, New Jersey, “Current hot statistical
problems in actuarial science”
45) University of Copenhagen, October 1996. “Ambiguity Aversion and Economics of Insurance”
46) University of Bergen, Norway, October 1996, “Axiomatic characterization of insurance prices”
47) Norway ASTIN Subgroup Seminar, Oslo, Norway, October 1996, “Computation of aggregate claim distributions”
48) Risk Theory Seminar at Wisconsin-Madison in April 1996, “Ambiguity-aversion and the economics of insurance”
49) Casualty Actuarial Society Reinsurance Seminar, New York City, June 1995, “Risk Loads Using Transformed
Distributions”
50) New York University at Stony Brook, May 1995, “Modeling and Pricing of Insurance Risks”
51) Risk Theory Seminar, Oberwalfach, Germany, September 13-20, 1994, “Skewed Gaussian distributions”
SUPERVISION OF DOCTORAL DISSERTATIONS
1) External Reviewer, Doctoral Dissertation Committee of Ruodu Wang, Georgia Institute of Technology, completed
in May 2012.
2) Member, Doctoral Dissertation Committee of Jin Gao, Georgia State University, completed in December 2010.
3) Chair, Doctoral Dissertation Committee of Xiangjing Wei, Georgia State University, completed in August 2010.
4) Co-Chair, Doctoral Dissertation Committee of Hua Chen, Georgia State University, completed in May 2008.
5) Member, Doctoral Dissertation Committee of Ruilin Tian, Georgia State University, completed in May 2008.
6) Chair, Doctoral Dissertation Committee of Chayanin Kerdpholngarm, Georgia State University, completed in
December 2007.
7) Chair, Doctoral Dissertation Committee of Andreas Milidonis, Georgia State University, completed in December
2006.
8) Member, Doctoral Dissertation Committee of Yijia Lin, Georgia State University, completed in May 2006.
9) Member, Doctoral Dissertation Committee of Edohj Afambo, Georgia State University, completed in May 2006.

10) Member, Doctoral Dissertation Committee of Jeung-bo Shim, Georgia State University, completed in 2006.
11) External Reviewer for the Doctoral Thesis of Mohamed Hamada, University of New South Wales, Australia,
“Contingent Claim Pricing Using Probability Distortion Operators”, completed in 2002.
12) External co-Advisor for the Doctoral Thesis of Harry Niederau, University of Zurich, “Axiomatic Representation of
Insurance Pricing”, completed in 2000.
13) Member, Doctoral Thesis Committee for Hoque Sharif, University of Waterloo, “Stepwise Recursion for
Compound Lagrange Distributions”, completed in 1997.
CONTINUING EDUCATION IN THE PAST FIVE YEARS
Obtained Chartered Enterprise Risk Analyst (CERA) designation by the Casualty Society of Actuaries in 2012.
SERVICE ACTIVITIES INTERNAL TO THE UNIVERSITY
1. Director, Actuarial Science Program (2004-2012)
2. Tenure and Promotion Committee, Department of Risk Management and Insurance, Georgia State University
(2010-2012)
3. RMI Hiring Committee (2005-2008)
4. Co-organised the Symposium on Systemic Risks and Regulation at the Georgia State University, on May 11–12
2010.
5. Co-organised ERM-II Research Workshop on “Systemic Risks: Regulatory and Policy Responses” by convening
35 leading regulators, chief risk officers and academics. It was held at Georgia State University on August 18-19,
2009.
6. Co-organised the Bowles Symposium “Liquidity, Valuation, and Financial Crisis”, held on February 12-13, 2009 at
Georgia State University in Atlanta.
SERVICE ACTIVITIES IN ACADEMIC AND PROFESSIONAL ORGANISATIONS
7. Co-organiser for the 2013 Bowles Symposium --“Collateral Risk: Moderating Housing Cycles and Their Systemic
Impact”, jointly organised by the Bowles Chair of the Risk Management and Insurance Department of the
Robinson College of Business, American Enterprise Institute, and the Collateral Risk Network, to be held on July
31 and August 1, 2013, at the AEI in Washington, D.C.
8. Member of Scientific Committee, Insurance Risk Research Conference, 27 June 2013, Nanyang Business
School, Nanyang Technological University, Singapore.
9. Member of Advisory Board (2011-2013), Insurance Risk and Finance Research Centre, Nanyang Business
School, Singapore.
10. Member, Property/Casualty Risk-Based Capital Committee, American Academy of Actuaries (2012).
11. Invited to provide input by the Financial Crisis Inquiry Commission, in Washington D.C., in May 2012.
12. Member of Editorial Board – Asia-Pacific Journal of Risk and Insurance (2006)
13. Served on Industry Advisory Board for DFA Capital Management, 2006-2007.
14. Co-Editor, ASTIN Bulletin (Journal of the International Actuarial Association), 2005-2008.
15. Associate Editor - North American Actuarial Journal (2001-2004)
16. 2007-2008, Academic Researcher for the Chief Risk Office Forum on “Calibration of Cost of Capital Rate for
Calculating Fair Value Risk Margins.”
17. Scientific Director, ERM Institute International, Ltd, 2006-2010
18. Founding Editor for the Joint SOA/CAS Risk Management Section Newsletter (2004)
19. Organising Committee member for 2005 ERM Symposium in Chicago.
20. Section Editor - Encyclopedia of Actuarial Science (2001-2002)
21. Council Member of the SOA Risk Management Section (2003-2005)
22. Member of the AFIR Committee, International Actuarial Association (since 2005)
23. CAS International Actuarial Association Solvency Working Party (2002-2004)
24. Member of the Organizing Committee of the Enterprise Risk Management Symposium in Chicago, April 26-27,
2004.
25. Served as the 2003 & 2004 Thomas P. Bowles Symposium Leader, on “Benchmark Capital and Fair Value”, in
Atlanta.
26. Committee on Theory of Risk (2001-2007)
27. Member of SOA Committee on Life Insurance Research (1995)