Curriculum Vitae of Professor Shaun Shuxun Wang 王树勋教授的...

王树勋学术简历 2020-07 Page 1

Curriculum Vitae of

Professor Shaun Shuxun Wang

王树勋教授的学术简历

Academic Educations:

• PhD in Statistics (1993), University of Waterloo, Canada

• MSc in Statistics (1991), University of Saskatchewan, Canada

• MSc in Mathematics (1989), Peking University, China

• BSc in Mathematics (1986), Peking University, China

Professional Designation & Association Membership:

• Fellow of Casualty Actuarial Society (FCAS)

• Chartered Enterprise Risk Analyst (CERA)

• Member of American Risk and Insurance Association (ARIA)

Working Experience:

• Since December 2019 - Now: Professor and Chair, Department of Finance, Southern

University of Science and Technology, Shenzhen, Guangdong, China

• Sept. 2015 – November 2019: Director, the Insurance Risk and Finance Research Centre

(IRFRC), Nanyang Business School, Nanyang Technological University, Singapore

• 2013 – 2015: Deputy Secretary General, Geneva Association, Switzerland

• 2005 – 2013: Chairman, Risk Lighthouse LLC, Atlanta Georgia USA

• 2008 – 2013: Full Professor and Thomas P. Bowles Endowed Chair, Robinson College of

Business, Georgia State University, Atlanta, GA USA

• 2004 – 2007: Associate Professor of Actuarial Science, Robinson College of Business,

Georgia State University, Atlanta, GA USA

• 1997 – 2004: Research Director, SCOR Reinsurance Co., Itasca, IL USA

• 1994 – 1997: Assistant Professor (promoted to Associate Professor with tenure in 1997),

University of Waterloo, Waterloo, ON Canada

• 1993 – 1994: Assistant Professor, Concordia University, Montreal, QC Canada


Areas of Research

Government Support for SMEs；

Economics of Information Security; Cyber Insurance;

Disaster Risk Financing and Climate Risk Adaptation；

Actuarial Valuation of Long-term Investments

Awards

1. Recipient of the 2018 University of Kentucky Research Excellence Award

2. Recipient of the 2014 Variance Journal Best Paper Prize

3. Recipient of the 2012 Variance Journal Best Paper Prize

4. Recipient of the 2012 Ronald Bornhuetter Loss Reserve Prize

5. Recipient of the 2011 CAS/CIA/SOA Best Paper with Practical Risk Management Applications

6. Recipient of the 2010 Robert Mehr Award by the American Risk and Insurance Association

(for the paper published in the Journal of Risk and Insurance ten years ago that best stood the

test of time)

7. Invited to deliver a Capitol Hill briefing in Washington D.C. on the research report "The

Financial Crisis and Lessons for Insurers" on September 29, 2009

8. Recipient of the 2004 Ronald Ferguson Prize in Reinsurance

9. Recipient of Inaugural Bob Alting von Geusau Memorial Prize by the International Actuarial

Association, in Hague, Netherlands in 2003

10. Recipient of the 2003 Charles A. Hachemeister Prize by the Casualty Actuarial Society

11. Inventor of the Wang Transform, a formula for pricing risks. Awarded U.S. Patent ( #:

US7752126) on July 6, 2010, and U.S. Patent (# 7,315,842) on January 1, 2008

12. Recipient of the 1997 Best Paper Prize at the CAS Ratemaking Seminar, Boston

Google Scholar Citation Statistics

Google Scholar All Years

Citations 5113

h-index 26

10-index 39


Representative publications:

1) Wang, Shaun Shuxun and Goh, Jing Rong and Sornette, Didier and Wang, He and Yang, Esther Ying, Government Support for SMEs in Response to COVID-19: Theoretical Model Using Wang Transform (June 12, 2020). Available at SSRN: https://ssrn.com/abstract=3608646 or http://dx.doi.org/10.2139/ssrn.3608646 This paper has been accepted to the 2020 China International Risk Forum (CIRF) and China Finance Review International (CFRI) Joint Conference on August 21 to 22, 2020.

2) "The Science of Cyber Risk: A Research Agenda" SCIENCE, November 29, 2019. (Authors: Gregory Falco, Martin Eling, Danielle Jablanski, Virginia Miller, Lawrence A. Gordon, Shaun Shuxun Wang, Joan Schmit, Russell Thomas, Mauro Elvedi, Thomas Maillart, Emy Donavan, Simon Dejung, Matthias Weber, Eric Durand, Franklin Nutter, Uzi Scheffer, Gil Arazi, Gilbert Ohana, Herbert Lin)

3) Wang, Shaun (2019) “Integrated Framework for Information Security Investment and Cyber

Insurance”, Pacific-Basin Finance Journal, https://doi.org/10.1016/j.pacfin.2019.101173

Winner of the 2018 University of Kentucky Research Prize.

4) Shaun Wang as a co-author (2018) "On Cyber Risk Management of Blockchain Networks: A

Game Theoretic Approach", IEEE Transactions on Services Computing, (Authors: Shaohan

Feng ; Wenbo Wang ; Zehui Xiong ; Dusit Niyato ; Ping Wang ; Shaun Wang) Pages: 1 - 12,

ISSN Information: DOI: 10.1109/TSC.2018.2876846

5) Dr. Shaun Wang’s 2000 paper “A Class of Distortion Operators for Pricing Financial and

Insurance Risks” holds the “2nd Most Cited” paper published in the Journal of Risk and

Insurance [top academic journal in Insurance and Risk Management] Single paper Google

Scholar citation: 616

6) Dr. Shaun Wang’s 1996 paper “Premium Calculation by Transforming the Layer Premium Density” still holds the “Most Cited All Time” title of ASTIN Bulletin (The Journal of the International Actuaries Association)’s 60+ year history. ASTIN Bulletin is the top academic journal in Actuarial Science https://www.cambridge.org/core/journals/astin-bulletin-journal-of-the-iaa/most-cited , Single paper Google Scholar citation: 713

List of Academic Journal Papers

1. Wang, Shaun S. and Ulrik Franke (2020) “Enterprise IT service downtime cost and risk transfer in a supply chain” Operations Management Research https://doi.org/10.1007/s12063-020-00148-x

2. Nie, Jingchao Li and Shaun Wang (2020) "Modeling the Effect of Spending on Cyber Security by Using Surplus Process," Mathematical Problems in Engineering, vol. 2020, Article ID 3239591, 10 pages, 2020. https://doi.org/10.1155/2020/3239591

3. Feng, Shaohan; Zehui Xiong; Dusit Niyato; Ping Wang; Shaun Shuxun Wang; and Xuemin Sherman Shen (2020) "Joint Pricing and Security Investment in Cloud Security Service Market with User Interdependency", by IEEE Transactions on Services Computing. Date of Publication: 21 May 2020. DOI: 10.1109/TSC.2020.2996382

4. "The Science of Cyber Risk: A Research Agenda" SCIENCE, November 29, 2019. (Authors: Gregory Falco, Martin Eling, Danielle Jablanski, Virginia Miller, Lawrence A. Gordon, Shaun Shuxun Wang, Joan Schmit, Russell Thomas, Mauro Elvedi, Thomas Maillart,

https://doi.org/10.1016/j.pacfin.2019.101173https://www.cambridge.org/core/journals/astin-bulletin-journal-of-the-iaa/most-citedhttps://www.cambridge.org/core/journals/astin-bulletin-journal-of-the-iaa/most-citedhttps://doi.org/10.1007/s12063-020-00148-xhttps://doi.org/10.1155/2020/3239591


Emy Donavan, Simon Dejung, Matthias Weber, Eric Durand, Franklin Nutter, Uzi Scheffer, Gil Arazi, Gilbert Ohana, Herbert Lin)

5. Wang, Shaun (2019) “Integrated Framework for Information Security Investment and Cyber

Insurance”, Pacific-Basin Finance Journal, https://doi.org/10.1016/j.pacfin.2019.101173

Winner of the 2018 University of Kentucky Research Prize.

6. Shaun Wang as a co-author (2018) "On Cyber Risk Management of Blockchain Networks: A

Game Theoretic Approach", IEEE Transactions on Services Computing, (by Shaohan Feng ;

Wenbo Wang ; Zehui Xiong ; Dusit Niyato ; Ping Wang ; Shaun Wang) Pages: 1 - 12, ISSN

Information: DOI: 10.1109/TSC.2018.2876846

7. Wang, Shaun S., and Han Chen, (2016) "Actuarial Values of Housing Markets," Variance

Journal 9:2, 2015, pp. 196-212. [volume labelled as 2015, publication year is 2016]

8. Jessica Leong, Shaun Wang, Han Chen (2015) “Back-Testing the ODP Bootstrap of the Paid

Chain-Ladder Model with Actual Historical Claims Data”, Variance Journal, VOLUME

8/ISSUE 2, pages 182-203. [Winner of 2014 Variance Journal Best Paper Prize] [volume

labelled as 2014, publication year is 2015]

9. Wang, Shaun, John Major, Charles Pan, and Jessica Leong (2011). “U.S. Property-Casualty:

Underwriting Cycle Modeling and Risk Benchmarks”, Variance Journal, Volume 5 Issue 2,

pages 91-114. [Winner of 2012 Variance Journal Best Paper Prize]

10. Chen, Hua, Samuel H. Cox and Shaun Wang (2010). Is the Home Equity Conversion Program

in the United States Sustainable? Evidence from Pricing Mortgage Insurance Premiums and

Non-Recourse Provisions Using the Conditional Esscher Transform, Insurance:

Mathematics and Economics, 46(2): 371-384.

11. 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 Vol. 76, No. 3, 607-637.

12. Wang, Shaun (2007), “Normalized Exponential Tilting: Pricing and Measuring Multivariate

Risks”, North American Actuarial Journal, vol. 11, no.3, pp. 89-99.

13. Milidonis, Andreas, and Shaun Wang (2007) “Estimation of Distress Costs Associated with

Downgrades Using Regime Switching Models”, North American Actuarial Journal, vol. 11,

no.4, pp. 42-60.

14. Samuel H. Cox, Yijia Lin, and Shaun Wang (2006) “Multivariate Exponential Tilting And

Pricing Implications For Mortality Securitization,” Journal of Risk and Insurance,

December 2006, Vol. 73 Issue 4, 719–736

15. Wang, Shaun “Cat Bond Pricing Using Probability Transforms.” The Geneva Papers on Risk

and Insurance – Issues and Practice, 2004

16. Wang, Shaun “Equilibrium Pricing Transforms: New Results Using Buhlmann’s 1980

Economic Model.” ASTIN Bulletin (The Journal of the International Actuaries

Association), 33 (2003 May): 57-73.

17. Wang, Shaun “A Universal Framework for Pricing Financial and Insurance Risks.” ASTIN

Bulletin (The Journal of the International Actuaries Association): 32 (2002 November):

213-234.

18. Wang, Shaun “A Class of Distortion Operators for Pricing Financial and Insurance Risks.”

Journal of Risk and Insurance, 67 (2000 March): 15-36.

https://doi.org/10.1016/j.pacfin.2019.101173


19. Dhane, Jan, Wang, Shaun, Young, Virginia, and Goovaerts, Marc “Monotonicity and Maximal

Stop-Loss Premiums.” Bulletin of the Swiss Association of Actuaries, (2000): 99-113.

20. Wang, Shaun “Aggregation of Correlated Risk Portfolios: Models and Algorithms.”

Proceedings of the Casualty Actuarial Society, Vol. LXXXV (1998): 848-939.

21. Wang, Shaun “Implementation of PH-transforms in Ratemaking.” Proceedings of the

Casualty Actuarial Society, Vol. LXXV (1998): 940-979.

22. Wang, Shaun, and Brown, Robert “A Frailty Model for Projection of Mortality Improvement.”

Journal of Actuarial Practice, Vol. 6 (1998): 197-241.

23. Chan, Wai-Sum, and Wang, Shaun “The Willkie Model for Retail Price Inflation Revisited.”

British Actuarial Journal, Vol. 4 (1998): 637-652.

24. Wang, Shaun “An Actuarial Index of the Right-Tail Risk.” North American Actuarial

Journal, Vol. 2 (1998): 88-101.

25. Wang, Shaun, and Dane, Jan “Monotonicity, Correlation Order and Premium Principles.”

Insurance: Mathematics and Economics, 22 (1998): 235-242.

26. Wang, Shaun, and Young, Virginia “Ordering of Risks: Expected Utility Theory versus Yaari’s

Dual Theory of Risk.” Insurance: Mathematics and Economics, 22 (1998): 145-161.

27. Young, Virginia, and Wang, Shaun “Updating Non-Additive Measures with Fuzzy

Information.” Fuzzy Sets and Systems, 94 (1998): 355-366.

28. Wang, Shaun, Young, Virginia, and Panjer, Harry. “Axiomatic Characterization of Insurance

Prices.” Insurance: Mathematics and Economics 21 (1997): 173-183.

29. Hesselager, Ole, Wang, Shaun, and Willmot, Gordon “Exponential and Scale Mixtures and

Equilibrium Distribution.” Scandinavian Actuarial Journal (1997): 125-142.

30. Wang, Shaun, and Young, Virginia “Risk-Adjusted Credibility Premium Using Distorted

Probabilities.” Scandinavian Actuarial Journal (1997): 143-165.

31. Gerchak, Yigal, and Wang, Shaun “Liquid Asset Allocation Using News Vendor Models with

Convex Shortage Costs.” Insurance: Mathematics and Economics, 20 (1997): 17-21.

32. Wang, Shaun “Premium Calculation by Transforming the Layer Premium Density.” ASTIN

Bulletin (The Journal of the International Actuaries Association) 26 (1996): 71-92.

33. Wang, Shaun “Ordering of Risks under PH Transforms.” Insurance: Mathematics and

Economics, 18 (1996): 109-114.

34. Wang, Shaun “Insurance Pricing and Increased Limits Ratemaking by Proportional Hazards

Transform.” Insurance: Mathematics and Economics, 17(1995): 43-54.

35. Wang, Shaun “On Two-Sided Compound Binomial Distributions.” Insurance: Mathematics

and Economics, 17 (1995): 35-41.

36. Panjer, Harry, and Wang, Shaun “Computational Aspects of Sundt’s Generalized Class.”

ASTIN Bulletin (The Journal of the International Actuaries Association), 25 (1995): 5-17.

37. Wang, Shaun, and Sobrero, Monica “Further Results on Hesselager’s Recursive Procedure

for Calculation of Some Compound Distributions.” ASTIN Bulletin (The Journal of the

International Actuaries Association), 24 (1994): 161-166.

38. Wang, Shaun, and Panjer, Harry “Proportional Convergence and Tail-Cutting Techniques in

Evaluating Aggregate Claim Distributions.” Insurance: Mathematics and Economics 14

(1994): 129-138.


39. Wang, Shaun, and Panjer, Harry “Critical Starting Points for Stable Evaluation of Mixed

Poisson Probabilities.” Insurance: Mathematics and Economics, 13 (1993), 287-297.

40. Panjer, Harry, and Wang, Shaun “On the Stability of Recursive Formulas.” ASTIN Bulletin

(The Journal of the International Actuaries Association), 23 (1993): 227-258.

Conference Proceedings

1. “A Research Agenda for Cyber Risk and Cyber Insurance”. Authors: Gregory Falco, Martin

Eling, Danielle Jablanski, Lawrence A. Gordon, Shaun Wang, Joan Schmit, Russell Thomas,

Mauro Elvedi, Thomas Maillart, Emy Donavan, Simon Dejung, Matthias Weber, Eric Durand,

Franklin Nutter, Uzi Scheffer, Gil Arazi, Gilbert Ohana and Herb Lin, presented at the 18th

Annual Workshop on the Economics of Information Security (WEIS 2019), Harvard University,

Boston, Massachusetts, June 3-4, 2019. Published in SCIENCE, November 29. 2019

2. Lu Xiao, Dusit Niyato, Nicolas Privault, Hai Jiang and Shaun Wang (2018) "A Cyber

Insurance Approach to Manage Physical Layer Secrecy for Massive MIMO Cellular

Networks", Accepted by IEEE ICC 2018 Communication and Information Systems Security

Symposium, Kansas City, MO, USA May 20-24, 2018.

3. Hoang Thai Dinh, Dusit Niyato, Ping Wang, Shaun Wang, Diep N. Nguyen, and Eryk

Dutkiewicz (2018) “A Stochastic Programming Approach for Risk Management in Mobile

Cloud Computing”, accepted by the 2018 IEEE Wireless Communications and Networking

Conference (WCNC), 15-18 April 2018, Barcelona, Spain

4. Wang, Shaun (2017) “Cybersecurity Budget Allocation to Address Multiple Areas of

Vulnerability and Multiple Segments of Data Assets”, Proceedings of the 52nd Actuarial

Research Conference, Society of Actuaries, USA

Book Chapters

1. Courbage, Christopher and Shaun Wang (2015), “The role of microinsurance in disaster risk

management”, a chapter in the monograph The State of Microinsurance the Insiders’ Guide to

the Sector, published by Microinsurance Network, 2015.

2. Wang, Shaun “Catastrophe Bonds”, Encyclopedia of Quantitative Finance, 2005.

3. A Global Framework for Insurer Solvency Assessment, 2004 (as one of twenty contributors

to this monograph, 185 pages).

4. Wang, Shaun “Pricing of Catastrophe Bonds Market.” Chapter 11 in "Alternative Risk

Strategies" edited by Morton Lane, 2002, Risk Waterhouse, London.

Professional Articles:

1) Shen Attack: Cyber risk in Asia Pacific ports Quantifying the effects on a single cyber-attack on major ports across Asia Pacific, 2019, (Co-Lead of the Project Team) https://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/shen-attack-cyber-risk-in-

asia-pacific-ports

https://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/shen-attack-cyber-risk-in-asia-pacific-portshttps://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/shen-attack-cyber-risk-in-asia-pacific-ports


2) Bashe attack Assessing the impacts of a global ransomware attack, 2019, (Co-Lead of the

Project Team) https://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/bashe-

attack

3) Andreas Bollmann and Shaun S. Wang, 2019, “International Catastrophe Pooling for Extreme Weather - An Integrated Actuarial, Economic and Underwriting Perspective". Research Report commissioned by the Society of Actuaries. https://www.soa.org/globalassets/assets/files/resources/research-report/2019/international-catastrophe-pooling.pdf

4) The Business Times COMMENTARY by Shaun Wang -- Combating cybersecurity threats is a

shared responsibility, November 15, 2018

5) Editorial by Shaun Wang: "Confronting cyber risk", Asia Insurance Review, September 2018.

6) Wang, Shaun (2018). “Optimal Level and Allocation of Cybersecurity Spending”, Risk

Management Newsletter, Society of Actuaries, March 2018.

7) Wang, Shaun (2017). “Cyber Security Bill’s success lies in how rules apply to each sector”,

The Straits Times, 10 August 2017

8) Wang, Shaun S. (2016). "Ageing gracefully with assurance", Singapore Business Review, 29

Feb 2016. http://sbr.com.sg/economy/commentary/ageing-gracefully-assurance

9) Schanz, Kai-Uwe and Shaun Wang (2015), Insuring Flood Risk in Asia’s High-Growth

Markets, Geneva Association Research Report, July 2015.

10) Shaun Wang, (2015). Major Tide Waves, pages 2-8, Risk Management Newsletter no. 55,

Geneva Association, Feb 18, 2015.

11) Schanz, Kai-Uwe and Shaun Wang (2014). The Global Insurance Protection Gap – Assessment

and Recommendations, Geneva Association Research Report.

12) Madan, Dilip, Shaun Wang, and Philip Heckman (2012). “The Liquidity Risk Premium

Project”, Actuarial Review. http://www.casact.org/liquidity/

13) Shaun Wang, (2011). “The Coming Storms”, May 2011 Actuarial Review

14) Shaun Wang, (2009). “Risk Intelligence”, the Risk Management Newsletter, Society of

Actuaries, March 2009 issue.

15) Wang, Shaun, and Robert Faber, (2006) “Small can be beautiful: Observation from an ERM

Study” Guest Essay for American Association of Insurance Services Newsletter, 2006.

16) Shaun Wang, and Robert Faber (2006) “Enterprise Risk Management for Property-Casualty

Insurance Companies”, Research Report (August 1, 2006), ERM Institute International.

17) Wang, Shaun, (2005). “ERM is the next big thing for quants.” Financial Engineering News,

Nov/Dec 2005.

18) Wang, Shaun, (2004). “Where is ERM Heading?” Editorial for the Risk Management

Newsletter, Society of Actuaries, March 2004.

19) Wang, Shaun, and Mango, Donald (2003). “Blazing Research Trails at the 2003 Bowles

Symposium.” Actuarial Review, August 2003.

20) Wang, Shaun, and Mango, Donald (2003). “Research outside the Actuarial Comfort Zone at

the 2003 Bowles Symposium.” Actuarial Review, February 2003.

https://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/bashe-attackhttps://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/bashe-attackhttps://www.soa.org/globalassets/assets/files/resources/research-report/2019/international-catastrophe-pooling.pdfhttps://www.soa.org/globalassets/assets/files/resources/research-report/2019/international-catastrophe-pooling.pdfhttp://www.straitstimes.com/opinion/cyber-security-bills-success-lies-in-how-rules-apply-to-each-sectorhttp://sbr.com.sg/economy/commentary/ageing-gracefully-assurancehttp://www.casact.org/liquidity/


Speaking Engagement at Conferences

• 5 December 2019 Invited speaker on Cyber Insurance at Compass Initiative Workshop and the

Fedremann Annual Conference, Haifa University, Israel.

• 3-4 December 2019 Invited by the Israel National Cyber Directorate, the Hewlett Foundation,

The Federmann Cyber Security Center at the Hebrew University, and the Carnegie Endowment

for International Peace, to present “Insights from the Singapore Cyber Risk Project” at a closed-

door policy workshop for cyber insurance market progression on December 3-4, 2019 in

Jerusalem, Israel.

• 3 November 2019 Invited keynote speaker, Presentation title “Asia’s Disaster Risk Financing and

Sustainable Development (亚洲的巨灾风险融资保险和可持续发展)”, Remin University,

Beijing, China

• 25-29 November 2019 Invited speaker on “ASEAN Disaster Risk Financing and Insurance

Phase-2 (ADRFI-2): Approach to Risk Finance Advisory”, Myanmar.

• 29 October 2019 Invited speaker, Presentation title “International Catastrophe Pooling for

Extreme Weather - An Integrated Actuarial, Economic and Underwriting Perspective”, Society of

Actuaries Annual Meeting, Toronto, Canada

• 23 October 2019 Invited Speaker, Presentation title - “Actuarial Quantification of Cyber Risk for

Organizations”, Asia Actuarial Conference, Sentosa, Singapore

• 1 August 2019. Invited to present “Sovereign Disaster Risk Financing and Catastrophe

Insurance Pools – Academic Theory and International Case Studies” at the ICRM

Symposium, Towards Viable Disaster Risk Financing Solutions for SE Asia – Learning from

Global Experiences, Successes and Challenges, 1st August 2019, Sands Expo & Convention

Centre, Singapore

• 3-4 June 2019, attended as co-author of the talk “A Research Agenda for Cyber Risk and

Cyber Insurance” at the 18th Annual Workshop on the Economics of Information Security

(WEIS 2019), Harvard University, Boston, Massachusetts, June 3-4, 2019.

• 29-30 April 2019. Invited to visit National Insurance Academy, Pune, India. Addressed over

40 senior insurance industry executives on the topic "Emerging Risk Frontiers and

Innovative Risk Mitigation Strategies for Insurance Industry (with Special focus on Cyber

Risk and Cyber Security)"

• 30th April 2019. Visited the lnsurance Regulatory and Development Authority of lndia

(IRDAI) in Hyderabad, India. Met with the Chairman and three Members of the IRDA.

• 30 March 2019 Discussant for Professor Sadie Creese's presentation at the 3rd Cyber

Insurance SASIG Workshop at the Old Library, Lloyd's of London.

• 29 March 2019 - Invited to visit Oxford University Department of Computer Science.

Presented research on cyber risk quantification.

• 25 March 2019 - Workshop Session on Cyber Risk Quantification at SCOR Paris with HEON

Sebastien; PARSOIRE Didier; Philippe LAURIER; COTELLE, Philippe; Suzan, Benedicte.

• 9 January 2019 - Invited talk "Research Findings of Singapore's Cyber Risk Management

Project", at the Fifteenth Annual Forum on Financial Information Systems and

Cybersecurity: A Public Policy Perspective, University of Maryland College Park, MD USA

• 4 October 2018 - Invited speaker "A Holistic Approach to Quantifying a Firm's Cyber Risk

for Actionable Benefits", RIMS Cyber Risk Forum, Seattle, WA USA


• 7 August 2018 - Invited talk "Lessons Learned from International Catastrophe Pools with

Applications to Financing Asia's Exposure to Extreme Weather", 9th International

Symposium on Catastrophe Risk Management, ICRM, NTU, Singapore

• 19 June 2018 - Invited talk at Wuhan University School of Economics and Management-

"From Cyber Security to Catastrophe Insurance, Belt and Road Initiative and the Growth of

Insurance Industry in Asia", in Wuhan, Hubei, China.

• 12 June 2018 - Invited talk "Forming New Partnerships in Underwriting Facility for

Infrastructure Investment", at the Insurance Summit on Belt and Road Initiative, Mandarin

Orchard Hotel, Singapore

• 6 June 2018 - Invited talk "Cyber Risk: Actuarial Economic Theory of Cyber Risk", at the

International Congress of Actuaries, Berlin, Germany.

• 1 June 2018 - Invited presentation to the IMF FSAP-Singapore on "Singapore Cyber Risk

Management Project" at the Monetary Authority of Singapore.

• 31 May 2018 - Invited talk "Knowledge Set of Attack Surface and Cybersecurity Rating for

Firms in a Supply Chain" at the Singapore Actuarial Association, Singapore.

• 24 May 2018 - Invited talk "Information Security Spending by Firms and Insurance

Protection of Digital Assets" at Tsinghua University's School of Economics and Management,

Beijing, China.

• 24 April 2018 - Invited talk "Knowledge Set of Attack Surface and Cybersecurity Rating for

Firms in a Supply Chain" at Columbia University, New York City, USA.

• 13 April 2018 - The Fonds Conrad Leblanc Distinguished Speaker, organized by the Finance

and Insurance School of Laval University, in Quebec City, Quebec, Canada.

• 14 December 2017 - Invited keynote speaker for the Shanghai Lujiazui Financial Risk

Forum, 14 December 2017 in Shanghai, China. (Title of talk: Fintech and Information

Security: New Risk Management Perspectives)

• 29 September 2017 - Invited speaker, Closed Door Forum: Cyber Security- Imminent Threat

and Issues facing your Business, organized by the Centre of Excellence of International

Trading and Centre for RMB Internationalisation Studies of NBS, Pan Pacific Singapore

• 18 August 2017 - Invited speaker, Cyber Security 3.0 - Better Together, Workshop

organized jointly by the SWIFT Institute and the NTU-MAS CyRiM Project, 18 August 2017,

held at the Fullerton Hotel, Singapore

• 6 August 2017 - Moderator of the Opening Keynote Session for the American Risk and

Insurance Association Annual meeting, in Toronto, Canada

• 15 June 2017 - Invited Speaker, 2nd Asia Cyber Risk Summit, Mandarin Orchard Hotel,

Singapore. Theme: "Managing the Whole Compass of Cyber Risks Beyond Just Insurance"

• 12 May 2017 - Invited by the OECD as a keynote speaker on 'Cyber Risk Management and

Cyber Insurance", at the OECD Expert Workshop on Measurement of Digital Security

Incidents and Risk Management, in Zurich, Switzerland

• 3 May 2017 - Invited presentation at Blavatnik Interdisciplinary Cyber Research Centre

(ICRC), in Tel Aviv University, Israel.

• 17 March 2017 - Invited Speaker, "Regulation to Bring About Cyber Insurance Innovation",

12th Asian Forum of Insurance Regulators ("AFIR"), at Monetary Authority of Singapore.


• 3 March 2017 - Invited Speaker, Cybersecurity Budget Optimization, China Finance

Information Centre, Shanghai, China

• 30 November 2016 - Invited speaker to a delegate of Association of Banks' Standing

Committee on Cyber Security (SCCS), NTUitive Innovation Center

• 7 November 2016 - Keynote Speaker, "Cyber Risk and Secure Finance Forum" in Shanghai.

• 26 September 2016 - Invited Speaker on "Recent advances and open problems in insurance

risk and capital regulation" at the University of New South Wales, Sydney.

• 25 August 2016 - Invited Speaker at the CAS Asia Regional Affiliate, Singapore Seminar,

Singapore

• 22 June 2016 - Invited speaker, Tokyo OECD-ADBI Roundtable on Insurance and Retirement

Saving, at the Asia Development Bank Institute, Tokyo, Japan.

• 24 June 2016 - Invited speaker, OECD-ADBI Seminar on Disaster Risk Financing in Asia, at

the Asia Development Bank Institute, Tokyo, Japan. Member of the Organizing Committee.

• 16 May 2016 - Keynote Speaker, "Can Insurers Offer Cyber Resilience?" 1st Asia Cyber Risk

Summit, Mandarin Orchard Hotel, Singapore

• 21 April 2016 - Invited Speaker, ICRM Symposium 2016 Plugging the Natural Catastrophe

Data Gap -Thoughts to Action for Nat Cat DAX, Singapore.

• 3 March 2016 - Presented a talk on "Expanding the Areas of Actuarial Expertise in Asia:

from Products to Business Models" IFOA Asia Conference, Hilton Kuala Lumpur.

• 27 January 2016 - Chair and invited speaker of the conference, Asia Conference on Big Data

and Analytics for Insurance, Mandarin Orchard Hotel, Singapore.

----- Below are activities before joining Nanyang Technological University ----

• October 2, 2014, invited talk at the Standard and Poor's UK Insurance Seminar "Insurance

Climate Risk: Challenges and Opportunities", London, UK

• March 31, 2014, Presentation at the 30th International Congress of Actuaries, "Actuarial

Value of Housing Markets", Washington DC,

• On December 11, 2012, invited talk at the Monetary Authority of Singapore, "What

Regulatory Approach in ERM best suits Asia's Financial and Insurance Markets?"

• On November 29, 2011, invited presentation by Webinar -"Mega Trends and Emerging

Risks as of 2012", organized by the Society of Actuaries.

• On November 14, 2012, presented a talk -- "Illiquidity Risk Premium" at the CAS Annual

Meeting, Orlando, FL.

• November 9, 2012, presented a talk -- "Calibration of Risk Parameters in Economic Capital

Modeling", CAS CERA Seminar, Orlando, FL.

• On October 5, 2012, presented "Capital Allocation: A Benchmark Approach" at the CAS In-

focus Catastrophe Risk Conference, Baltimore, MD.

• On October 10, 2012, spoke on "Meta-Risks: System, Cycle and Mass Behavior Risks", Guy

Carpenter ERM Conference, Chicago, IL.

• On September 10, 2012, taught a one-day seminar on "Actuarial Modeling" for the ACE

Group.


• On May 16, 2012, presented "Systemic Risks for P&C Insurers" at the CAS Spring meeting,

Phoenix, AZ.

• On April 19, 2012, invited to speak on the panel "Enterprise Risk Management Blind Spots:

Prophets of Emerging Risk", a general session of the ERM Symposium in Washington, D.C.

• In December 2011, delivered a Webinar presentation organized by the Society of Actuarial

on "Emerging Risks" to a global audience from many countries.

• Xiangjing Wei, Shaun Wang, and Eric Ulm, presented a paper "Bond Insurers: Avoiding

Capital Pro-cyclicality", at the 2011 FMA Annual Meeting October 19 - 22, 2011, Denver, CO.

• In September 2011, visited Temple University and presented a research paper "U.S.

Property-Casualty: Underwriting Cycle Modeling and Risk Benchmarks".

• Invited speaker at the 12th Annual Meeting for China Actuarial Association, in Xiamen,

China, on September 15-16, 2011, the title of the speech --"Application of Actuarial Science

in Studying Systemic Risks".

• On July 7, 2011, invited by Standard & Poor's to conduct education training for their global

Insurance Analysts at the Standard & Poor's New Year headquarter.

• Speaker at the May 2011 Casualty Actuarial Society Spring Meeting "Systemic Risks for P&C

Insurers"

• Speaker at the May 2011 Casualty Actuarial Society Spring Meeting "Underwriting Cycles

for P&C Insurers",

• Presented a research paper "U.S. Property-Casualty: Underwriting Cycle Modeling and Risk

Benchmarks" at March 2011 ERM Symposium in Chicago.

• On February 18, 2011, invited to speak on "Coming Transformations in the Financial World"

at the KEYS conference in Charlotte, NC.

• Delivered Capitol Hill Briefing on Research Findings of "Financial Crisis and Lessons for

Insurers" in Washington DC on September 29, 2009

• Invited Speech at Wuhan University, "The Macro Economic and Financial View: New

Landscape, New Problems, require New Methods", June 16, 2008.

• Research Talk at Sichuan University, "Catastrophe Risk Securitization & Wang Transform

Pricing" June 14, 2008.

• Research Talk at Central University of Finance and Economics, "Catastrophe Risk

Securitization & Wang Transform Pricing" June 19, 2008.

• Opening Keynote Research Talk, "Correlation Modeling and Correlation Parameters for

Economic Capital Calculations", ERM-II Research Workshop: Economic Capital and

Diversification effect at Group Level, Université Claude Bernard Lyon 1, Lyon, France, June

7, 2007.

• Keynote speaker at the International Forum on Enterprise Risk Management, held at Wuhan

University, China, December 8-9, 2006. He delivered a talk -- "Enterprise Risk Management

and Development of Harmonious Society".

• Invited speaker of the Columbia University Risk Management and Derivatives Conference,

New York, November 3, 2006. He delivered a talk titled "Research Problems in Enterprise

Risk Modeling"

• Invited speaker of the International Actuarial Congress, Paris, on June 1, 2006. He delivered

a talk titled "Enterprise Risk Management for Property-Casualty Insurance Companies"


• Invited speaker of the Midwest Actuarial Forum, Madison, September 29, 2006. He

delivered a talk titled "Enterprise Risk Management for Property-Casualty Insurance

Companies".

• Keynote Speech, "ERM: The Future Train", The Actuarial Profession at the Crossroads,

Academy Annual Meeting, Oct. 10-11, 2005 Mayflower Hotel, Washington DC

• Invited Keynote Speaker by a group of Japanese Universities & Organizations (Keio

University, Nihon University, JARIP, and the Institute of Actuaries of Japan), October 1-7,

2005

• The Enterprise Risk Management Workshop, the National Academies (Board on

Mathematical Sciences and Their Applications), January 14-15, 2004, Washington DC, "Risk

Aggregation in ERM"

• The Joint Forum Meeting (Basel Committee on Banking Supervision, International

Organization of Securities Commissions, International Association of Insurance

Supervisors), November 6, 2003, Federal Bank of New York. Participation is by invitation

only. Contributed comments.

• CAS Annual Meeting, Charles A. Hachemeister Prize Paper Presentation, November 2003,

New Orleans, A Universal Framework For Pricing Financial And Insurance Risks."

• University of Wisconsin School of Business, September 2003, Madison, "Latest Trends of

Risk Management in Insurance Companies"

• Joint French Finance Association and International IME Congress, June 25, 2003, Lyon,

France, Chairman/Moderator for the "Risk Measure Plenary Session"

• Bowles Symposium Keynote Presentation, April 2003, Atlanta, "The Key Issues and

Mission."

• Peking University Guanghua School of Management, February 2003, Beijing, "Latest

Development in Risk Management for Financial/Insurance Companies"

• SCOR Capital Allocation Seminar, October 2002, Paris, France, "Capital Allocation Methods",

and "Capital Allocation: What about the Future?"

• CAS Risk and Capital Management Seminar, July 2002, Toronto, "New Tools for Enterprise

Risk Capital & Portfolio Optimization"

• Restin Group Meeting (Reinsurance Section of ASTIN; Participation is by invitation only),

May 2002, Napel, Italy, "Insurance Company Capital Allocation"

• The Fields Institute Quantitative Finance Seminar, March 27, 2002, Toronto, "Risk

Measurement and Management in Insurance Companies"

• CAS Enterprise Risk Management Seminar, April 2001, San Francisco, "Contingent Payoffs

in ERM"

• The French Reinsurance Seminar, March 2000, Paris, France, "From distortion operators to

risk loads" (together with Claire-Marie Coste)

• The CAS Ratemaking Seminar, March 1998, Chicago, "Aggregation of Correlated Risk

Portfolios"

• The ICSA Applied Statistics Symposium, June 1997, Rutgers University, New Jercy, "Current

hot statistical problems in actuarial science"

• University of Copenhagen, October 1996. "Ambiguity Aversion and Economics of Insurance"


• University of Bergen, Norway, October 1996, "Axiomatic characterization of insurance

prices"

• Norway ASTIN Subgroup Seminar, Oslo, Norway, October 1996, "Computation of aggregate

claim distributions"

• Risk Theory Seminar at Wisconsin-Madison in April 1996, "Ambiguity-aversion and the

economics of insurance"

• Casualty Actuarial Society Reinsurance Seminar, New York City, June 1995, "Risk Loads

Using Transformed Distributions"

• New York University at Stony Brook, May 1995, "Modeling and Pricing of Insurance Risks"

• Risk Theory Seminar, Oberwalfach, Germany, September 13-20, 1994, "Skewed Gaussian

distributions"

Media Quotes in 2018-2019:

1) Featured in Channel News Asia, Technology Section, 01 August 2018,

2) “Worried your money in the bank will get stolen by hackers? Don't be, NTU prof says” Read

more at https://www.channelnewsasia.com/news/technology/worried-your-money-in-

the-bank-will-get-stolen-by-hackers-don-t-10576726

3) Being quoted in The Business Times article “Firms storing health data can expect more

consumer scrutiny”, SAT, FEB 02, 2019 - 5:50 AM by SHARANYA PILLAI

HTTPS://WWW.BUSINESSTIMES.COM.SG/GARAGE/FIRMS-STORING-HEALTH-DATA-CAN-

EXPECT-MORE-CONSUMER-SCRUTINY

4) Being quoted in The Financial – “Global ransomware attack could cost businesses almost

$200bn,” HTTPS://WWW.FINCHANNEL.COM/202-WOLRD/76953-GLOBAL-

RANSOMWARE-ATTACK-COULD-COST-BUSINESSES-ALMOST-200BN

5) Being quoted in The Business Times article “I See You: Is our data safe, and are we safe from

our data?”, SAT, OCT 13, 2018 - 5:50 AM,

HTTPS://WWW.BUSINESSTIMES.COM.SG/BRUNCH/I-SEE-YOU-IS-OUR-DATA-SAFE-AND-

ARE-WE-SAFE-FROM-OUR-DATA

6) Being quoted in Reinsurance News --- Global cyber-attack could cost businesses almost

$200bn, finds study, 4th February 2019 - Author: Matt Sheehan,

https://www.reinsurancene.ws/global-cyber-attack-could-cost-businesses-almost-200bn-

finds-study/

Media Coverage in 2017-2018

1) Quoted by YiCai Global, news article “Experts Discuss Balance Between Economic

Development and Financial Stability at Forum in Shanghai”, on 14 December 2017

https://www.yicaiglobal.com/news/experts-discuss-balance-between-economic-

development-and-financial-stability-forum-

shanghai?from=groupmessage&isappinstalled=0

https://www.channelnewsasia.com/news/technology/worried-your-money-in-the-bank-will-get-stolen-by-hackers-don-t-10576726https://www.channelnewsasia.com/news/technology/worried-your-money-in-the-bank-will-get-stolen-by-hackers-don-t-10576726https://www.businesstimes.com.sg/garage/firms-storing-health-data-can-expect-more-consumer-scrutinyhttps://www.businesstimes.com.sg/garage/firms-storing-health-data-can-expect-more-consumer-scrutinyhttps://www.finchannel.com/202-wolrd/76953-global-ransomware-attack-could-cost-businesses-almost-200bnhttps://www.finchannel.com/202-wolrd/76953-global-ransomware-attack-could-cost-businesses-almost-200bnhttps://www.businesstimes.com.sg/brunch/i-see-you-is-our-data-safe-and-are-we-safe-from-our-datahttps://www.businesstimes.com.sg/brunch/i-see-you-is-our-data-safe-and-are-we-safe-from-our-datahttps://www.reinsurancene.ws/about/#teamhttps://www.reinsurancene.ws/global-cyber-attack-could-cost-businesses-almost-200bn-finds-study/https://www.reinsurancene.ws/global-cyber-attack-could-cost-businesses-almost-200bn-finds-study/https://www.yicaiglobal.com/news/experts-discuss-balance-between-economic-development-and-financial-stability-forum-shanghai?from=groupmessage&isappinstalled=0https://www.yicaiglobal.com/news/experts-discuss-balance-between-economic-development-and-financial-stability-forum-shanghai?from=groupmessage&isappinstalled=0https://www.yicaiglobal.com/news/experts-discuss-balance-between-economic-development-and-financial-stability-forum-shanghai?from=groupmessage&isappinstalled=0


2) Conference speech distributed in Xinhua News (with over 260,000 views),

https://xhpfmapi.zhongguowangshi.com/share/index.html?docid=2809417&isview=1&ho

meshow=0&from=singlemessage&isappinstalled=0

3) Interview by Verizon global portal on 29 November 2017, “Sharing is caring – getting cyber

insurance right”, http://www.verizon.com/about/news/sharing-caring--getting-cyber-

insurance-right

4) Channel News Asia, 1 September 2017. Professor Wang was interviewed on Impact of

Hurricane Harvey, from the insurance perspective. Aired on Prime Time News Asia business

section.

5) Reported in CIO Asia. Singapore’s NTU and Verizon to jointly develop data analytics

capabilities for InsurTech, Feb. 23, 2017 https://www.cio-

asia.com/tech/analytics/singapores-ntu-and-verizon-to-jointly-develop-data-analytics-

capabilities-for-insurtech/

6) Channel News Asia, Professor Wang was interviewed on Insurance against cyber risks. Aired

on 10 p.m. 31 January, 2017

Editorial Board

1. Co-Editor, ASTIN Bulletin (Journal of the International Actuarial Association), 2005-2008.

2. Member of Editorial Board – Asia-Pacific Journal of Risk and Insurance (2006)

3. Associate Editor - North American Actuarial Journal (2001-2004)

4. Section Editor - Encyclopedia of Actuarial Science (2001-2002)

5. Founding Editor for the Joint SOA/CAS Risk Management Section Newsletter (2004)

Organizing Conferences

1. Founding co-convener of the Annual Shanghai Lujiazui Financial Risk Management

Forum since 2016. [While local organizer are responsible for inviting Chinese speakers, my

role was to invite international speakers]. Every year, this high profile annual conference is

held at the China Finance Information Center (the heart of the financial centre), drew 300-

400 senior executives, scholars to discuss emerging risk management issues. Past

international guest speakers include Nobel Laureate, former Chair of the Joint Forum & CEO

of Dubai Financial Services Authority, former CRO of GIC, etc.

2. Co-Chair for the Joint 2018 IRFRC-APRIA Conference, Singapore

http://irfrc.ntu.edu.sg/NewsnEvents/annualconference/Year2018/Pages/Call-for-

Papers.aspx

3. Chair for the 2016 & 2017 IRFRC Annual Conferences, Singapore

4. Co-organizer of the 16 November 2018 NTU-NUS-Tsinghua Joint Workshop “Financial Risk

Management and Innovation in Asia”

5. Co-organizer for the 2013 Bowles Symposium --“Collateral Risk: Moderating Housing Cycles

and Their Systemic Impact”, jointly organized by the Bowles Chair of the Risk Management

and Insurance Department of the Robinson College of Business, American Enterprise

https://xhpfmapi.zhongguowangshi.com/share/index.html?docid=2809417&isview=1&homeshow=0&from=singlemessage&isappinstalled=0https://xhpfmapi.zhongguowangshi.com/share/index.html?docid=2809417&isview=1&homeshow=0&from=singlemessage&isappinstalled=0http://www.verizon.com/about/news/sharing-caring--getting-cyber-insurance-righthttp://www.verizon.com/about/news/sharing-caring--getting-cyber-insurance-righthttps://www.cio-asia.com/tech/analytics/singapores-ntu-and-verizon-to-jointly-develop-data-analytics-capabilities-for-insurtech/https://www.cio-asia.com/tech/analytics/singapores-ntu-and-verizon-to-jointly-develop-data-analytics-capabilities-for-insurtech/https://www.cio-asia.com/tech/analytics/singapores-ntu-and-verizon-to-jointly-develop-data-analytics-capabilities-for-insurtech/http://irfrc.ntu.edu.sg/NewsnEvents/annualconference/Year2018/Pages/Call-for-Papers.aspxhttp://irfrc.ntu.edu.sg/NewsnEvents/annualconference/Year2018/Pages/Call-for-Papers.aspx


Institute, and the Collateral Risk Network, to be held on July 31, 2013, at the AEI in

Washington, D.C.

6. Co-organized the Symposium on Systemic Risks and Regulation at the Georgia State

University, on May 11th-12th, 2010.

7. Co-organized ERM-II Research Workshop on "Systemic Risks: Regulatory and Policy

Responses" by convening 35 leading regulators, chief risk officers and academics. It was

held at Georgia State University on August 18-19, 2009.

8. Co-organized the Bowles Symposium "Liquidity, Valuation, and Financial Crisis", held on

February 12 - 13, 2009 at Georgia State University in Atlanta.

9. Organizing Committee member for 2005 ERM Symposium in Chicago.

10. Member of the Organizing Committee of the Enterprise Risk Management Symposium in

Chicago, April 26-27, 2004.

11. Served as the 2003 & 2004 Thomas P. Bowles Symposium Leader, on “Benchmark Capital

and Fair Value”, in Atlanta.

Research Grants:

Project Title Funding Agency or

source

Amount Duration PI/Co-PI

Cyber Risk Management

Project (CyRiM)

Monetary Authority of

Singapore & Insurance

Industry

SGD

$7,250,000

2016-2019 PI

Establishing Actuarial

Measures of Property Value

Casualty Actuarial

Society

US

$50,000

2013-2014 PI

Actuarial and Econometric

Analyses of Systemic Risk in

the Insurance Industry

Society of Actuaries CAE

Research Grant

US

$200,000

2013-2014 Co-PI

Development of a Network

Model for Identification and

Regulation of Systemic Risk

in the Financial System

Society of Actuaries US

$65,000

2012-13 Co-PI

Methodologies of Validating

Risk and Capital Models for

Insurance Companies


$58,000

2012-14 Co-PI

Liquidity and Credit Risk in

the

Valuation of Assets and

Liabilities in a Going Concern

Casualty Actuarial

Society

US

$42,000

20011 Co-PI

The Financial Crisis and

Lessons for Insurers


$44,000

2009 Co-PI


Estimating the Actuarial Cost

Function of Financial Distress


$20,000

2006 Co-PI

Enterprise Risk Management

for Property Casualty

Insurance Companies

Casualty Actuarial

Society

US

$20,000

2006 Co-PI

Aggregate Loss

Distributions: Convolution

and Time

Dependency

Casualty Actuarial

Society

US

$25,000

1997 PI

Further Studies on Insurance

Risks Computing

National Science and

Engineering Research

Council of Canada

CND

$30,000

1994-1997 PI

1) Principal Investigator, Cyber Risk Management project, total funding of $7 million

Singapore dollars (2016- 2019). CyRiM is a Public-Private Partnership between Nanyang

Technological University (NTU), the Monetary Authority of Singapore (MAS), the Cyber

Security Agency (CSA) of Singapore, and leading global insurance companies (Aon, Lloyd’s,

MSIG, SCOR, and TransRe). The project aims to bring technology and business approaches

together to promote innovative risk management and insurance solutions for corporations

through, for instance, optimization of cybersecurity spending and collective action to

counter cyber-crimes.

2) Secured SCOR renewal funding of S$1.5 million for IRFRC (2016-2019).

3) Developed a proposal “Global-Asia Insurance Partnership” for the Monetary Authority of

Singapore and delivered presentations at Industry Briefing Sessions. This proposal was

endorsed by the Monetary Authority of Singapore and was mentioned in a Speech1 by Mr.

Heng Swee Keat, Minister for Finance at the 15th Singapore International Reinsurance

Conference on 29 October 2018

4) Collaborated with the Institute of Catastrophe Risk Management to prepare a joint grant

multi-million-dollar proposal “ASEAN Disaster Risk Financing and Insurance Program”.

The proposal has been approved the fifth Meeting of the ASEAN Cross-Sectoral

Coordination Committee (ACSCC) on Disaster Risk Financing and Insurance (DRFI), held in

Bangkok, 12 February 2019.

5) Principal Investigator, NRF Research Grant - Quantification of Cyber Risk (2016-

2019). This project will facilitate new areas of research in cyber risk, security and insurance

at Nanyang Technological University and will recommend policies to the Singapore

government on advanced cyber risk protection and prevention. It will combine the

technological, strategic and behavioral aspects of cybersecurity together to form an

academic framework. Collaborators from Tel Aviv University: Professor Asher Tishler,

Coller School of Management; Dr Ohad Barzilay, Coller School of Management; Mr Amitai

Gilad, Coller School of Management.

1 http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/Speech-at-the-15th-Singapore-International-Reinsurance-Conference.aspx

http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/Speech-at-the-15th-Singapore-International-Reinsurance-Conference.aspxhttp://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2018/Speech-at-the-15th-Singapore-International-Reinsurance-Conference.aspx


6) Co-Principal Investigator, Society of Actuaries CAE Research Grant US$200,000 for the

research theme of “Actuarial and Econometric Analyses of Systemic Risk in the Insurance

Industry”, in 2013-2014.

7) Principal Investigator, “Establishing Actuarial Measures of Property Value”, US$50,000

research grant awarded by the Casualty Actuarial Society, in 2013.

8) Co-Investigator, “Methodologies of Validating Risk and Capital Models for Insurance

Companies”, US$58,000 grant awarded by the Joint Risk Management Section, in 2013.

9) Principal investigator, “Development of a Network Model for Identification and Regulation

of Systemic Risk in the Financial System,” research project (US$65,000) sponsored by the

Joint Risk Management Section, in 2012.

10) Principal investigator, “Applications of Actuarial Science to Systemic Risks”, research

project (US$35,000) awarded by the Joint Risk Management Section, in 2012.

11) Principal Investigator, Casualty Actuarial Society Research Project, “Liquidity and Credit

Risk in the Valuation of Assets and Liabilities in a Going Concern”, US$42,000, with Dilip

Madan and Philip Heckman, in 2011.

12) Principal investigator, Society of Actuaries Research Project, “The Financial Crisis and

Lessons for Insurers”, US$44,000, in 2009.

13) Principal investigator, CAS Research Grant, “Enterprise Risk Management for Property

Casualty Insurance Companies”, US$20,000, in 2006.

14) Co-Investigator, Society of Actuaries Research Grant, US$21,000, “Estimating the Actuarial

Cost Function of Financial Distress”, in 2006.

15) Principal investigator, Casualty Actuarial Society Committee on Theory of Risk: “Aggregate

Loss Distributions: Convolution and Time Dependency”, US$25,000, in 1997.

16) Grant from the Society of Actuaries Committee on Knowledge Extension and Research: “An

Actuarial Index of the Right-Tail Risk”, US$8,500, in 1996.

17) Grant from Actuarial Education and Research Fund: “Insurance Pricing: Theory and

Applications”, US$12,000, in 1995.

18) Grant from National Science and Engineering Research Council of Canada for a research

project: “Risk Measure for a Dependent Risk Portfolio”, CND$13,000 per year for three

years, in 1998-2000.

19) Grant from National Science and Engineering Research Council of Canada for a research

project: “Further Studies on Insurance Risks Computing”, CND$10,000 per year for three

years, in 1994-1997.

SUPERVISION OF DOCTORAL DISSERTATIONS

1) Supervisor, Jing Rong GOH, 2016 – 2019 Graduated in 2019.

2) Member, Doctoral Dissertation Committee, Pingyi LOU, Three Essays on Insurance

Company Investment, 2015-2018. [Dr Lou is now on faculty at Fudan University]

3) Member of Thesis Committee, YANG Bowen, Title of her doctoral thesis - "Longevity and

Statistical Modelling" (graduated in 2017)

4) Supervisor of visiting doctoral student Jing Jing ZHU (2016-2017)


5) External Examiner, Doctoral Dissertation Committee of Ruodu Wang, Georgia Institute of

Technology, completed in May 2012.

6) Member, Doctoral Dissertation Committee of Jin Gao, Georgia State University, completed in

December 2010.

7) Chair, Doctoral Dissertation Committee of Xiangjing Wei, Georgia State University,

completed in August 2010.

8) Co-Chair, Doctoral Dissertation Committee of Hua Chen, Georgia State University, completed

in May 2008.

9) Member, Doctoral Dissertation Committee of Ruilin Tian, Georgia State University,

completed in May 2008.

10) Chair, Doctoral Dissertation Committee of Chayanin Kerdpholngarm, Georgia State

University, completed in December 2007.

11) Chair, Doctoral Dissertation Committee of Andreas Milidonis, Georgia State University,

completed in December 2006.

12) Member, Doctoral Dissertation Committee of Yijia Lin, Georgia State University, completed

in May 2006.

13) Member, Doctoral Dissertation Committee of Edohj Afambo, Georgia State University,

completed in May 2006.

14) Member, Doctoral Dissertation Committee of Jeung-bo Shim, Georgia State University,

completed in 2006.

15) External Reviewer for the Doctoral Thesis of Mohamed Hamada, University of New South

Wales, Australia, “Contingent Claim Pricing Using Probability Distortion Operators”,

completed in 2002.

16) External co-Advisor for the Doctoral Thesis of Harry Niederau, University of Zurich,

“Axiomatic Representation of Insurance Pricing”, completed in 2000.

17) Member, Doctoral Thesis Committee for Hoque Sharif, University of Waterloo, “Stepwise

Recursion for Compound Lagrange Distributions”, completed in 1997.

Teaching in the past two years:

1) ST9003 (AY2018-19 S1) - Applied Regression Analysis, PhD Course (13 Doctoral Students)

2) BR3207 (AY 2018-19 S1) - Cyber Risk Management and Insurance (16 RMI undergraduate

students enrolled in this class). This is a newly designed course for the 3rd year Risk

Management and Insurance students.

3) ST9003 (AY2018-19 S1) - Applied Regression Analysis, PhD Course (13 Doctoral Students)

4) BR3207 (AY 2018-19 S1) - Cyber Risk Management and Insurance (16 RMI undergraduate

students enrolled in this class). This is a newly designed course for the 3rd year Risk

Management and Insurance students.

5) BA 2201 Actuarial Economics (Ay2017-18 S2), 54 actuarial science students, in the 2nd

Semester of the 2017-2018 Academic Year.


SERVICE ACTIVITIES IN ACADEMIC AND PROFESSIONAL ORGANIZATIONS

1) Served as Director of the Insurance Risk and Finance Research Centre and Director of the

high-profile Cyber Risk Management project.

2) Develop a proposal “Executive Education: Disaster Risk Finance Program (Asia)” which was

submitted to the World Bank on February 20, 2019.

3) In AY 2017-2018, prepared and attended Board meetings (quarterly CyRiM Board meetings,

on 21st March, 14th June, 6th September and 12th December 2017, plus IRFRC Advisory Board

meetings on 4th Nov 2016 and 20th April 2017).

4) Participated three Industry Roundtables for the Cyber Risk Policy & Regulation Working

Group in 2017 (24 August, 28 September, 21 November), at Marina View, NTU Alumni

House.

5) Participated in NTU meeting hosted by the Acting Provost, for the official Visit by Ms.

Indranee Rajah, Second Minister for Law, Education and Finance, 3rd November 2017.

6) Hosted a visit of Professor Arnaud Lefranc, Vice-President in charge of International

Scientific Development at the University of Cergy-Pontoise, at NTU, 13 October 2017.

7) Served as chair of 2016-2017 & 2017-2018 RMI Recruiting Committee

8) Member of NBS Committee, Review for a senior NBS professor’s contract renewal

9) Reviewer for Grant Application of Natural Sciences and Engineering Research Council of

Canada

10) Reviewer for several academic journals, including Journal of Risk and Insurance, ASTIN

Bulletin, Insurance: Mathematics and Economics, North American Actuarial Journal, Journal

of American Statistical Association etc.

11) External reviewer for senior faculty re-appointment for University of New South Wales,

Australia

12) Served as Associate Director for the Institute and Faculty of Actuaries global network of

“Actuarial Research Centre” (2016-2017)

13) Member, Property/Casualty Risk-Based Capital Committee, American Academy of Actuaries

(2012).

14) Invited to provide input by the Financial Crisis Inquiry Commission, in Washington D.C., in

May 2012.

15) Served on Industry Advisory Board for DFA Capital Management, 2006-2007.

16) Tenure and Promotion Committee, Department of Risk Management and Insurance, Georgia

State University (2010-2012)

17) RMI Hiring Committee, Department of Risk Management and Insurance, Georgia State

University (2005-2008)

18) 2007-2008, Academic Researcher for the Chief Risk Office Forum on “Calibration of Cost of

Capital Rate for Calculating Fair Value Risk Margins.”

19) Scientific Director, ERM Institute International, Ltd, 2006-2010

20) CAS International Actuarial Association Solvency Working Party (2002-2004)

21) Committee on Theory of Risk (2001-2007)

22) Council Member of the SOA Risk Management Section (2003-2005)

23) Member of the AFIR Committee, International Actuarial Association (since 2005)

24) Member of SOA Committee on Life Insurance Research (1995)

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Curriculum Vitae of Professor Shaun Shuxun Wang 王树勋教授的...

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