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Professional Designations:

• Fellow of the Society of Actuaries (FSA)

• Fellow of the Canadian Institute of Actuaries (FCIA)

• Chartered Enterprise Risk Analyst (CERA)

• Financial Risk Manager (FRM) - Certified by the Global Association of Risk Professionals

Academic Experience:

• University of Waterloo - Department of Statistics and Actuarial Science - Sun Life Fellow in International Actuarial Science (Sept. 2023 - Aug. 2028)

• University of Waterloo - Department of Statistics and Actuarial Science - Associate Professor with tenure (As of July 2022)

• University of Waterloo - Department of Statistics and Actuarial Science - Assistant Professor (May 2017 - June 2022)

• Concordia University - Department of Mathematics and Statistics - Affiliate Assistant Professor (As of Sept. 2016)

• Imperial College London - Assistant Professor of Finance  (Aug. 2013 - Aug. 2016)

• Université de Montréal - SSHRC Postdoctoral Fellow - Department of Economics  (Aug. 2011 - Jul. 2013)

Education:

• University of Waterloo, Ph.D. - Actuarial Science  (2008 - 2011)

• University of Michigan, M.S. - Mathematics  (2005 - 2006)

• Institut d'Études Politiques de Paris (Sciences Po), Cycle International d'Études Politiques  (2004 - 2005)

• Notre Dame University, B.S. - Actuarial Science - Summa Cum Laude  (2000 - 2004)

Grants:

• Casualty Actuarial Society Research Grant - Cyber Insurance (2022-2023)

• MITACS Accelerate (2021-2022)

• NSERC Discovery Grant (2018-2023), Natural Sciences and Engineering Research Council of Canada

• Society of Actuaries / The Actuarial Foundation  Individual Grant - Managing Model Uncertainty in Insurance-Linked Securities (with Enrico Biffis)

Selected Awards:

• Sun Life Fellow in International Actuarial Science (Sept. 2023 - Aug. 2028) - University of Waterloo

• Math Golden Jubilee Research Excellence Award (2023) - University of Waterloo, Faculty of Mathematics

• Excellence in Reviewing Award (2023), Journal of Risk and Insurance

• SSHRC Postdoctoral Fellowship  (2011 - 2013) - Social Sciences and Humanities Research Council of Canada (SSHRC)

• James C. Hickman Fellowship  (2010 - 2011) - Society of Actuaries (SOA)

• NSERC Doctoral Scholarship  (2008 - 2011) - Natural Sciences and Engineering Research Council of Canada (NSERC)

• Fulbright Fellowship  (2005 - 2006) - U.S. Department of State - Bureau of Cultural Affairs

• Émile Boutmy Scholarship  (2004 - 2005) - Institut d'Études Politiques de Paris - Academic Excellence Scholarship

Visiting Positions:

• Conservatoire National des Arts et Métiers - Actuariat et Science du Risque (June 2024)

• University of Melbourne,  Faculty of Business and Economics - Department of Economics (November 2023)

• Australian National University,  College of Business and Economics - Research School of Economics (October & November 2023)

• CREST - ENSAE,  Department of Finance and Insurance (June & July 2022)

• Centre d'Economie de la Sorbonne (June 2022)

• KU Leuven - Faculty of Economics and Business, Department of Accountancy, Finance & Insurance,  Actuarial Research Group (May & June 2022)

• Université Catholique de Louvain - Institute of Statistics, Biostatistics and Actuarial Sciences (April and May 2022)

• Université de Montréal - Centre Interuniversitaire de Recherche en Economie Quantitative (October & November 2019)

• University of Amsterdam - Faculty of Economics and Business - Section Quantitative Economics (September 2019)

• Chinese University of Hong Kong - Dept. of Systems Engineering and Engineering Management (April 2019)

• Northwestern University - Center of Mathematical Studies in Economics and Management - Dept. of Managerial Economics and Decision Sciences - Kellogg School of Management  (Fall 2012)

• Université de Montréal - Dept. of Economics (September 2010)

• Bocconi University - Dept. of Decision Sciences  (July 2010)

Talks and Seminars:

• Efficiency in Pure-Exchange Economies with Monotone Concave Schur-Concave Utilities - BIRS Workshop on Optimal Transport and Distributional Robustness (March 2024), OWARS Seminar (April 2024), Foundations and Applications of Decentralized Risk Sharing (May 2024), Bayes Business School (June 2024), 27th International Congress on Insurance: Mathematics and Economics (July 2024)

• Equilibria in Centralized Insurance Markets: Monopolistic vs. Competitive Pricing - Australian National University, Research School of Economics (Oct. 2023), University of Melbourne, Department of Economics (Nov. 2023), GERAD - HEC Montréal (Dec. 2023)

• Risk Sharing Rules with Frictions - Foundations and Applications of Decentralized Risk Sharing (May 2023), 26th International Congress on Insurance: Mathematics and Economics (July 2023)

• Equilibria in Reinsurance Markets: Monopolistic vs. Competitive Pricing - Concordia University (Dec. 2022)

• Bowley vs. Pareto Optima in Reinsurance Contracting - 24th International Congress on Insurance: Mathematics and Economics (July 2021), Centre Interdisciplinaire en Modélisation Mathématique de l'Université Laval (February 2022), Workshop on Risk Measures and  Uncertainty in Insurance at the House of Insurance of the University of Hannover (May 2022), 11th Conference in Actuarial Science & Finance on Samos (May 2022), KU Leuven (June 2022), Amsterdam School of Economics (June 2022)

• No-Betting Pareto Optima - Bielefeld Stochastic Afternoon: Math Finance session, University of Bielefeld (April 2021), 2021 Annual Meeting of the American Risk and Insurance Association (August 2021), 48th Annual Seminar of the European Group of Risk and Insurance Economists (September 2021)

• Bilateral Risk Sharing with Heterogeneous Beliefs and Exposure Constraints - 4th World Risk and Insurance Economics Congress (WRIEC 2020) , 55th Actuarial Research Conference (ARC 2020), Ryerson University (October 2020), University of Connecticut (November 2020)

• Optimal Reinsurance with Multiple Reinsurers: Distortion Risk Measures, Distortion Premium Principles, and Heterogeneous Beliefs - 6th Annual Workshop on Insurance Mathematics (February 2020), Online International Conference in Actuarial Science, Data Science and Finance (April 2020)

• Optimal Insurance with an Upper Limit on the Retained Loss - 23rd International Congress on Insurance: Mathematics and Economics (July 2019)

• Bilateral Risk Sharing with Heterogeneous Beliefs and Exposure Constraints - Université Laval (March 2019), Hong Kong University (April 2019) 46th Annual Seminar of the European Group of Risk and Insurance Economists (September 2019 - Finalist of the SCOR/EGRIE Best Paper Award), Quantact Research Seminar at Université du Québec à Montréal (October 2019)

• Optimal Insurance with Belief Heterogeneity (July-October 2018) - 22nd International Congress on Insurance: Mathematics and Economics (IME 2018), 2nd International Workshop on Optimal (Re)Insurance at the Central University of Finance and Economics in Beijing, 53rd Actuarial Research Conference (ARC 2018), European Actuarial Journal Conference (EAJ 2018), University of Amsterdam (Faculty of Economics and Business), Western University (Dept. of Statistical & Actuarial Sciences)

• Optimal Insurance without the Nonnegativity Constraint on Indemnities: Ambiguity and Belief Heterogeneity (December 2017)- 2017 CEAR/MRIC Behavioral Insurance Workshop

• Optimal Insurance: Belief Heterogeneity, Ambiguity, and Arrow's Theorem - University of Waterloo (January 2017), Western University (December 2016), University of Michigan (April 2016)

• Insurer Ambiguity and the Demand for Insurance  (December 2014) - 2014 CEAR/MRIC Behavioral Insurance Workshop

• Cost-Efficient Contingent Claims under Nonlinear Pricing - European Meeting of the Econometric Society (August 2014), 20th Conference of the International Federation of Operational Research Societies (July 2014), Foundations of Utility and Risk Conference (June 2014), 8th World Congress of the Bachelier Finance Society (June 2014), Risk, Uncertainty and Decisions Conference (May 2014), University of Manchester (April 2014)

• Arrow's Theorem of the Deductible with Heterogeneous Beliefs (March 2014) - Cass Business School, Faculty of Actuarial Science and Insurance 

• Cost-Efficient Contingent Claims under Knightian Uncertainty: A Distributional Analysis - 13th SAET Conference on Current Trends in Economics (July 2013), Mathematical Finance Days @ Institut de Finance Mathématique de Montréal (May 2013), Quantitative Behavioural Finance Conference @ University of Waterloo (April 2013)

• Belief Heterogeneity in the Arrow-Borch-Raviv Insurance Model, and Some Extensions - EGRIE Meeting (September 2013), Risk Theory Society Annual Seminar (April 2013), Imperial College London (December 2012), HEC Montréal (September 2012), Risk, Uncertainty and Decisions Conference (June 2012), University of British Columbia (April 2012)

• On a Class of Monotone Comparative Statics Problems under Heterogeneous Uncertainty, with an Application to Insurance - Concordia University (March 2012), University of Michigan (February 2012), Université de Montréal (November 2011)

• Contracting for Innovation under Knightian Uncertainty  (October 2011) - Université de Montréal

• Contracting under Heterogeneous Beliefs  (April 2011) - University of Waterloo

• Cooperative Game Theory: A Mathematical Introduction  (March 2010) - Graduate Student Seminar - University of Waterloo

• Free Will, Uncertainty and the Foundations of Utility: An Introduction to Decision Theory  (October 2009) - Graduate Student Seminar - University of Waterloo

• Static Portfolio Choice under Cumulative Prospect Theory  (July 2009) - IAREP/SABE conference (July 2019), University of Waterloo ( April 2009)

• The Omega Measure and its Generalization  (November 2008) - University of Waterloo

• Dual Duration and Liability-Matching Portfolios  (March 2007) - Investment Consulting Group, Hewitt Associates, Toronto

Teaching:

• University of Waterloo (Spring 2021), Topics in Risk Sharing and (Re)Insurance (Graduate)

• University of Waterloo (Fall 2024), Efficiency and Equilibria in (Re)Insurance Markets (Graduate)

• University of Waterloo  (Winter 2021, Winter 2023, Winter 2024), Finance II (Graduate)

• University of Waterloo  (Spring 2019, Spring 2020, Spring 2021), Financial Mathematics III (Graduate)

• University of Waterloo  (Winter 2019), Topics in Robust Optimal (Re)Insurance Design  (Graduate)

• University of Waterloo  (Winter 2018, Fall 2018, Winter 2020, Spring 2020, Winter 2023, Winter 2024, Fall 2024), Mathematics of Financial Markets  (Undergraduate)

• University of Waterloo  (Fall 2017), Economics  (Master's of Actuarial Science program)

• Imperial College London  (Autumn 2013 & Autumn 2014), Stochastic Calculus for Finance  (Master's of Risk Management and Financial Engineering program)

• Imperial College London  (Autumn 2013 & Autumn 2014), Stochastic Calculus  (Master's of Actuarial Finance program)

• Imperial College London, (September 2014), Application of MATLAB for Finance  (Master's of Risk Management and Financial Engineering program)

• Imperial College London  (Summer 2014), Derivatives  (Master's of Actuarial Finance program)

• Imperial College London  (Autumn 2013), Quantitative Methods  (Master's of Actuarial Finance program)

• Université de Montréal  (Spring 2012), Theory of Interest / Mathématiques Financières  (Undergraduate)

• University of Waterloo  (Fall 2009 and Fall 2010), Teaching Assistant (TA) - Theory of Probability  (PhD)

• University of Waterloo  (Spring 2009), TA - Loss Models II  (PhD)

• University of Waterloo  (Winter 2008), TA - Corporate Finance  (Master’s)

• University of Waterloo  (Winter 2008), TA - Mathematical Models in Finance  (PhD)

• University of Michigan  (Fall 2006) - Support class on Financial Mathematics for Exam FM of the Society of Actuaries

• University of Michigan  (Winter 2006) - Support class on Probability and Statistics for Exam P of the Society of Actuaries

Student Supervision:

• Zhenfeng Zou - Current Postdoctoral Fellow, University of Waterloo

• Shuangjian Zhang - Past Postdoctoral Fellow, University of Waterloo

• Corina Birghila - Past Postdoctoral Fellow, University of Waterloo

• Maria Andraos - Current PhD student, University of Waterloo

• Michael Zhu - Current PhD student, University of Waterloo

• Benxuan Shi - Current PhD student, University of Waterloo

• Hongda Hu - Current PhD student, University of Waterloo

• Qinghua Ren - Current PhD student, University of Waterloo

• Ziwei Pan - Current Master's student - Thesis option, University of Waterloo

• Tim Hao - Developing Bivariate Weather Index Insurance - Master's Thesis, University of Waterloo

• Zheyu Chen - Forecasting Crop Yields with a GVAR Model - Master's Thesis, University of Waterloo

• Vincent Racine - Learning Capacities from Data in Large Universes - Master's Thesis, University of Waterloo

• Shon Czinner - Portfolio Choice under RDEU, Yaari, and EUT - Master's Thesis, University of Waterloo 

• Yu Chen - Measuring Model Risk in Risk Analytics - Master's Thesis, University of Waterloo 

• Shenglong Li - Pareto-Optima under Rank-Dependent Utility - Master's Thesis, University of Waterloo 

• Jiaye Su - Portfolio Choice under Cumulative Prospective Theory - Master's Thesis, University of Waterloo 

• Oma Coke - Budget-Constrained Optimal Insurance with an Upper Limit on the Insurer's Exposure - Master's Thesis, University of Waterloo 

• Michael Zhu -  Cost-Efficient Contingent Claims with Choquet pricing - Master's Thesis, University of Waterloo

• Harris Chen - Undergraduate research student, University of Waterloo

• Qisi Deng - Undergraduate research student, University of Waterloo

• Jesse Sun - Undergraduate research student, University of Waterloo

• Yuanzheng Song - Undergraduate research student, University of Waterloo

• Jessica Wang - Undergraduate research student, University of Waterloo

• Michael Zhu, Loss Aversion for Decision under Risk, undergraduate research project, University of Waterloo

• Hao Han, Pricing American Options by Least Squares Regression - Master's Thesis, Imperial College London

• Grigory Budanov, Complex Adaptive Systems - Master's Thesis, Imperial College London

• Weiqiong Shi, Counterparty Risk and Collateralization of Longevity Swaps - Master's Thesis, Imperial College London

• Martina Skerlik, Solvency II - Master's Thesis, Imperial College London

• Michael Tang, Inflation Hedging Through Asset and Sector Rotation - Master's Thesis, Imperial College London

• Rebecca Stables, Pensions as an Asset Class - Master's Thesis, Imperial College London

Industry Experience:

• The Great-West Life Assurance Company (Canada Life) - Toronto (Oct. 2015 - Apr. 2017) - Director, ERM - Risk Modeling

• Hewitt Associates - Toronto (Feb. 2007 - Dec. 2007) - Actuarial Analyst

• Watson Wyatt Worldwide - New York City (Summer 2006) - Actuarial Analyst

• Hewitt Associates - Paris (Feb. 2005 - June 2005) - Actuarial Analyst

Refereeing Activity:  

• Econometrica, Journal of Economic Theory, Economic Theory, Economic Theory Bulletin, B.E. Journal of Theoretical Economics, Journal of Economic Dynamics and Control, Journal of Mathematical Economics, Mathematical Social Sciences, Economics Bulletin, Decisions in Economics and Finance, Theory and Decision

• Management Science, Mathematics of Operations Research, Operations Research, Operations Research Letters, Operational Research, Information Systems and Operational Research

• Mathematical Finance, Finance and Stochastics, Mathematics and Financial Economics, Quantitative Finance, SIAM Journal on Financial Mathematics, European Journal of Finance, International Review of Economics and Finance, Review of Behavioral Finance

• Insurance: Mathematics and Economics, ASTIN Bulletin, Scandinavian Actuarial Journal, North American Actuarial Journal, European Actuarial Journal, Journal of Risk and Insurance, Journal of Insurance Issues, The Geneva Risk and Insurance Review

• Journal of Applied Probability, Applied Mathematics and Optimization, Journal of Computational and Applied Mathematics

Editorial Activity: 

• ASTIN Bulletin:  Member of the Editorial Board

Other Service:

• Founder and chair of the organizing committee for the Seminar Series in Actuarial Science and Financial Mathematics, at the University of Waterloo.

• Co-organizer of a workshop on Networks, Games, and Risk Sharing at Université du Québec à Montréal (December 2023).

•  Co-organizer of a session on Functional Analytic Tools for Financial Decision Making at the Winter Meeting of the Canadian Mathematical Society in Montreal (December 2023).

• Co-organizer of WatSAF1, the first edition of the Waterloo Conference in Statistics, Actuarial Science, and Finance.

• Co-organizer of FADeRiS1, the first edition of a workshop on the foundations and applications of decentralized risk sharing, at KU Leuven (May 2023).

• Member of a steering committee for a Thematic Program on Interdisciplinary Quantitative Anal- ysis and Modelling at the Fields Institute.

• Co-organizer of a Fields-CQAM Workshop on Frontier Areas in Financial Analytics.

Erdös Number: 5

• Paul Erdös -> Peter C. Fishbrun  -> Eric S. Maskin  -> John G. Riley -> Edmund S. Phelps -> Mario Ghossoub

• Paul Erdös -> Zoltan Furedi -> Felix Lazebnik -> Wembo V. Li -> Carole Bernard -> Mario Ghossoub