Society of Actuaries Research Grant Awarded
The University of Waterloo has won the 2017 Centers of Actuarial Excellence (CAE) grant competition. The university has been awarded a research grant of USD $297,000 on a 3-year project entitled “Maintaining Financial Stability in an Era of Changing Climate and Demographics”. This project is intended to develop models and pricing methods and to create new risk measures and risk management solutions pertaining to changes with the climate and demographics. Professor Johnny Li is the project’s principal investigator.