Risk Management Best Practice
Long Horizon and Longevity Risks in Insurance and Pension Plans
This project focuses on longevity risk and long-term investment guarantees (annuities) in the insurance industry and in pension plans. It focuses on addressing the longevity exposure of pension plans, provides re-engineered pension schemes to ensure sustainable risk sharing and evaluates how the challenges in transferring longevity risk to capital markets can be overcome. In addition, this work develops tools for the pricing, valuation and risk management of long term investment guarantees.
|University:||University of Waterloo|
|Project Lead:||Ken Seng Tan|
Ken Seng Tan
Ken Seng Tan is a University Research Chair and Professor in the Department of Statistics and Actuarial Science at the University of Waterloo. He has attained Associateship of the Society of Actuaries (SOA) and was a founding member of the SOA Risk Management section. Ken Seng is currently serving as an elected council member for this section. He has been a committee member of the Investment section of the Canadian Institute of Actuaries (CIA) and has served as a liaison between the CIA and banks and trusts.
Ken Seng holds a BM and MM in Actuarial Science and a Ph.D. in Statistics all from the University of Waterloo. His research interests lie at the intersection of actuarial science, finance, mathematics, and statistics. Much of his work relates to the development and implementation of innovative approaches to risk management, scientific computation, and optimal reinsurance.