|Academic Profile |
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Prof Shaun Shuxun Wang
Division of Banking & Finance
College of Business (Nanyang Business School)
Phone: (+65)6790 4639
- PhD University of Waterloo 1993
- MSc University of Saskatchewan 1991
- MSc Peking University 1989
- BS Peking University 1986
|Dr. Shaun Wang is Professor of Actuarial Science, in the Division of Banking & Finance, at the Nanyang Business School (NBS), and director of the NBS’s Insurance Risk and Finance Research Center (IRFRC).|
Dr. Wang is an internationally renowned expert on quantitative risk modeling and enterprise risk management. He has published over 30 refereed scholarly papers in top actuarial and insurance journals including the ASTIN Bulletin, the Journal of Risk and Insurance, The North American Actuarial Journal, and Insurance: Mathematics and Economics. He has received several international awards, including the 2014 and 2012 Variance Journal Best Paper Prizes, the 2012 Ronald Bornhuetter Loss Reserve Prize of the Casualty Actuarial Society, the 2011 CAS/CIA/SOA Prize for Best Paper with Practical Risk Management Applications, and the 2010 Robert Mehr Award by the American Risk and Insurance Association. His papers also received "most citations" in four leading actuarial and insurance journals. He is the inventor of the "Wang Transform", a widely-cited actuarial formula for pricing risks. He has also served as Editor of the ASTIN Bulletin and editorial boards of several leading journals.
From 2013 to 2015, Dr. Wang held the position of Deputy Secretary General for the Geneva Association – the leading international insurance think tank whose membership comprises 80 CEOs of the world’s top insurance and reinsurance companies. He oversaw the research programs for the Geneva Association, including extreme events and climate risks, global aging, and international insurance regulation. From 2004 to 2013 he joined the faculty of Georgia State University’s Robinson College of Business, where he was granted tenure and promoted to Full Professor of Actuarial Science in 2007 with the endowment of the Thomas P. Bowles Chair. From 1997 to 2004, he worked for SCOR U.S. Reinsurance Co as actuary and research director. He was an Assistant Professor of Actuarial Science at both Concordia University (1993-1994) and the University of Waterloo (1994-1997).
Dr. Wang led several international symposiums on risk and capital topics, including the recent March 9th 2016 NBS Forum on International Insurance Capital Standards, jointly with the International Association of Insurance Supervisors and the Monetary Authority of Singapore.
Dr. Wang was invited to deliver a Capitol Hill briefing in Washington D.C. on “The Financial Crisis and Lessons for Insurers” on September 29, 2009.
Dr. Wang recently chaired the 2016 Asia Conference on Big Data and Analytics for Insurance, with the theme of “Big Data vs Smart Data: Succeeding with Data Driven Business”. He is the Principal Investigator of the Cyber Risk Management (CyRiM), a research project housed at NBS with 7-million Singapore dollars funding by the Monetary Authority of Singapore and the insurance industry.
Dr. Wang has been recently appointed by the Institute and Faculty of Actuaries (IFoA) as a Director of the Actuarial Research Centre (ARC). In this role, he, along with two other Directors, will oversee the IFoA’s cutting-edge research programme to further actuarial science worldwide.
Dr. Wang received a PhD in Statistics from University of Waterloo, Canada in 1993, and an MSc in Statistics from University of Saskatchewan, Canada in 1991. He also received BSc and MSc degrees in Mathematics from Peking University, China in 1986 and 1989 respectively. He earned the professional designation of Fellow of the Casualty Actuarial Society in 2001.
|Dr. Wang’s research interests include actuarial valuation framework, ageing and longevity, climate changes and catastrophe risks, cyber risks, insurance capital standards, and long-term saving and investments.|
- Cyber Risk Management Project
- Leong, J, Wang, S. Chen, H. (2015). Back-Testing the ODP Bootstrap of the Paid Chain-Ladder Model with Actual Historical Claims Data.Variance Journal, 2015.
- Klein, Robert W., and Shaun Wang. (2009). Catastrophe Risk Financing in the United States and the European Union: A Comparison of Alternative Regulatory Approaches. Journal of Risk and Insurance, 76(no. 3), 607-637.
- Milidonis, Andreas, and Shaun Wang. (2007). Estimation of Distress Costs Associated with Downgrades Using Regime Switching Models. The North American Actuarial Journal, 11(no.4), 42-60.
- Shaun Wang. (2007). Normalized Exponential Tilting: Pricing and Measuring Multivariate Risks. The North American Actuarial Journal, 11(no.3), 89-99.
- Samuel H. Cox, Yijia Lin, and Shaun Wang. (2006). Multivariate Exponential Tilting And Pricing Implications For Mortality Securitization. Journal of Risk and Insurance, 73(no.4), 719-736.