Published Papers:
Zhu, X., Zhou, K.Q., & Wang, Z. (2026). Mortality modeling via vitality: Model constructions and actuarial applications.Insurance: Mathematics and Economics, 126, 103181. [Journal] [arXiv]
Zhou, K.Q. & Zhu, X. (2026). A Bayesian generalized additive model approach to forecasting mortality improvement with expert information. Journal of the Royal Statistical Society: Series A (Statistics in Society), in press. [Journal] [SSRN]
Chen, Z., Li, H. Mao, Y. & Zhou, K.Q. (2025). Learning from COVID-19: A catastrophe mortality bond solution in the post-pandemic era. Insurance: Mathematics and Economics, 123, 103113. [Journal] [SSRN]
Zhou, R., Li, J.S.-H., & Zhou, K.Q. (2025). The impact of longevity annuity provision on retirement income planning for Canadians - A modified general endogenous grid method. North American Actuarial Journal, 29(3), 607-644. [Journal] [SSRN]
Cupido, K., Jevtić, P., Regis L. & Zhou, K.Q. (2024). Spatial natural hedging: A general framework with application to the mortality of U.S. states. Scandinavian Actuarial Journal, 2024(10), 1036-1064. [Journal]
Zhou, K.Q., Li, J.S.-H., & Lyu, P. (2024). Bringing parametric mortality indexes to practice: A generalized CBD model with stochastic socioeconomic differentials in mortality improvements. Geneva Papers on Risk and Insurance - Issues and Practice, 49(2), 295–319. [Journal]
Yang S. & Zhou, K.Q. (2023). On risk management of mortality and longevity capital requirement: A predictive simulation approach. Risks, 11(12), 206. [Journal]
Zhu, X. & Zhou, K.Q. (2023). Smooth projection of mortality improvement rates: A Bayesian two-dimensional spline approach. European Actuarial Journal, 13(1), 277-305. [Journal]
Zhou, K.Q. & Li, J.S.-H. (2023). The impact of long memory in mortality differentials on index-based longevity hedges. Journal of Demographic Economics, 89(3), 533-552. [Journal]
Lyu, P., Li, J.S.-H., & Zhou, K.Q. (2023). Socioeconomic differentials in mortality: Implications on index-based longevity hedges. Scandinavian Actuarial Journal, 2023(4), 359-387. [Journal]
Zhou, H., Zhou, K.Q., & Li X. (2022). Stochastic mortality dynamics driven by mixed fractional Brownian motion. Insurance: Mathematics and Economics, 106, 285-301. [Journal]
Feng, M., Li, J.S.-H., & Zhou, K.Q. (2022). Green nested simulation via likelihood ratio applications to longevity risk management. Insurance: Mathematics and Economics, 106, 218-238. [Journal]
Zhou, K.Q. & Li, J.S.-H. (2021). Longevity Greeks: What do insurers and capital market investors need to know? North American Actuarial Journal, 25(Sup1), S66-S96. [Journal]
Li, J.S.-H., Li, J., Balasooriya, U., & Zhou, K.Q. (2021). Constructing out-of-the-money longevity hedges using parametric mortality indexes. North American Actuarial Journal, 25(Sup1), S341-S372. [Journal]
Zhou, K.Q. & Li, J.S.-H. (2020). Asymmetry in mortality volatility and its implications on index-based longevity hedging. Annals of Actuarial Science, 14(2), 278-301. [Journal]
Li, J.S.-H., Zhou, K.Q., Zhu, X., Chan, W.-S., & Chan, F.W.-H. (2019). A Bayesian approach to developing a stochastic mortality model for China. Journal of the Royal Statistical Society: Series A (Statistics in Society), 182(4), 1523-1560. [Journal]
Zhou, K.Q. & Li, J.S.-H. (2019). Delta-hedging longevity risk under the M7-M5 model: The impact of cohort effect uncertainty and population basis risk. Insurance: Mathematics and Economics, 84, 1-21. [Journal]
Zhou, K.Q. & Li, J.S.-H. (2017). Dynamic longevity hedging in the presence of population basis risk: A feasibility analysis from technical and economic perspectives. Journal of Risk and Insurance, 84(S1), 417-437. [Journal]
Chan, W.-S., Li, J.S.-H., Zhou, K.Q., & Zhou, R. (2016). Towards a large and liquid longevity market: A graphical population basis risk metric. Geneva Papers on Risk and Insurance - Issues and Practice, 41(1), 118-127. [Journal]
Submitted papers:
Barigou K., Patten M.* & Zhou, K.Q. Mortality modeling and forecasting with the Actuaries Climate Index. [arXiv]
Zhou, K.Q. & Zhou, H. Modeling excess mortality and interest rates using mixed fractional brownian motions. [arXiv] [SSRN]
Liu, Y. & Zhou, K.Q. The long shadow of pandemic: Understanding the lingering effects of cause-specific mortality shocks. [arXiv] [Slides] [Summary]
Gabric, L.J.* & Zhou, K.Q. A natural hedging framework for longevity risk with graphical risk assessment. [arXiv] [SSRN]
Cahyaningtias S.*, Jevtić P. & Zhou, K.Q. Integrating migration flows in mortality modeling and forecasting: A US case study. [SSRN]
Lim H.B., Xu M. & Zhou K.Q. A Fair Pricing Methodology for Long-term Insurance Products. [arXiv]
Li, J.S.-H., Zhou, K.Q., Zhu, X., & Chan, W.-S. A national-provincial stochastic mortality model for China: Methods, innovations, and policy applications. [SSRN]
Gabric, L.J.*, Zhou, S. & Zhou, K.Q. A Bayesian approach to discrimination-free insurance pricing. [SSRN] [Slides]