We are unique among UK business schools in having a major Actuarial Science and Insurance research group, whose members are internationally renowned academics. The group has built an outstanding reputation as a leading centre of excellence for fundamental and applied research in the broader fields of actuarial science and insurance. The School is ranked 2nd in Europe and 4th in the world for Actuarial Science Research.
Our areas of expertise include general and life insurance; health and social care; mortality and longevity modelling; pensions and investment; risk management; operations research; statistics, machine learning and analytics; stochastic modelling in insurance and finance. Research conducted within the Faculty of Actuarial Science and Insurance is often interdisciplinary, combining rigorous foundational work with real-world applications. For more detail on individual academics’ research interests see the School’s expert pages.
The high academic standing of our faculty is also reflected by their membership in editorial boards of prestigious international journals and in international research funding advisory bodies and professional associations. The faculty has extensive research partnerships with business, government and the actuarial profession through the Institute and Faculty of Actuaries (IFoA), Association of Chartered Certified Accountants, the Bank of England, the Department for International Development, the Longevity Science Panel, and the Society of Actuaries, supported by research grants and other forms of funding. The Life and Longevity Markets Association and the IFoA commissioned our academics to develop a methodology for assessing basis risk within the framework of managing longevity risk, which is the basis of an impact case study for REF 2021. (Insert url to impact case studies here) Findings from this project had an impact on the actuarial profession by informing decision-making on transferring longevity risks from the private pensions sector to capital markets using index-based solutions developed by our researchers. Several open source R packages developed by actuarial science academics have had thousands of downloads by end users.
The Business School’s PhD programme has a stream dedicated to Actuarial Science and Insurance. The destinations of our recent PhD graduates include prestigious academic institutions (e.g. University of Oxford, University of New South Wales, University of Sydney, University of Toronto, ETH Zurich) and well known private employers (e.g. Citi, Pacific Life Re, Bank of America Merrill Lynch)