<p> 应我院邀请，加拿大滑铁卢大学(University of Waterloo)的著名学者Phelim.P . Boyle （F.I.A. 英国（正）精算师、F.C.I.A. 加拿大（正）精算师）、Mary Hardy、Ken Seng Tan（陈建成 CRC 加拿大首席科学家） 将就保险产品等问题来我院做精彩报告。 报告题目： 1. Phelim P. Boyle教授：结构化产品的现状与展望 Structured Producs 2. Mary Hardy教授：投资型保险：模型与风险管理 Equity Linked Life Insurance: Modeling and Risk Management 3. Ken Seng Tan（陈建成）教授：有保证的投资型产品的发展趋势 Investment Guarantee Products: Trends and Development 时间：2008年7月22日下午2.40-6.00 地点：交大财经校区教学主楼8层会议室 欢迎广大师生踊跃参加。 附件：演讲嘉宾与演讲内容简介 Title: Structured Products Structured products are tailor made investment vehicles which are sold by investment banks and insurance companies. These contracts are popular with retail investors since they provide upside participation in good equity markets and downside protection in poor equity markets. This talk will give a broad overview of these contracts and discuss some recent research on the design of these products. Bio: Phelim P. Boyle is currently a professor of finance in the School of Business and Economics at Wilfrid Laurier University. Previously he was a professor of finance and actuarial science at the University of Waterloo. Phelim Boyle received the International Financial Engineer of the Year Award in 2005. Professor Boyle has published many influential research papers in finance, insurance and actuarial science. Professor Boyle pioneered the application of the Monte Carlo method in option pricing and has expertise in implementing theoretical models in option pricing. Title: Equity Linked Life Insurance: Modeling and Risk Management Abstract: We will present some quantitative results on the risk management of variable annuities and other equity-linked products. We will address the debate over whether or not to hedge the embedded option risk, and how to apply risk measures to the hedged or unhedged losses. We will also look at the problems involved in the selection of a real world model for equity prices. Bio: Mary Hardy holds the CIBC Chair in Financial Risk Management at the University of Waterloo, where she is a Professor and Associate Chair for Actuarial Science. She has a BSc in Pure Mathematics from London University and a PhD in Actuarial Mathematics from Heriot-Watt University in Scotland. She is a Fellow of the UK Institute of Actuaries and of the Society of Actuaries in North America. She is currently serving as Vice President of the Society of Actuaries. Dr Hardy’s research covers topics in risk management for life insurance and pensions, with particular emphasis on solvency and applications of financial engineering. Dr Hardy has written a book on risk management for insurers, “Investment Guarantees: Modeling and Risk Management for Equity-Linked Life Insurance”, published in 2003 by Wiley. She has also written around 30 papers on various topics in risk management and actuarial education. She has won prizes from the International Actuarial Association and from the Society of Actuaries for her research. Professor Hardy is a past editor of the Annals of Actuarial Science, and is the newly appointed editor of the North American Actuarial Journal. Title: Investment Guarantee Products: Trends and Development Abstract: In the past decade, the insurance industry, especially in North America, has experienced a tremendous growth and increased sophistication in issuing investment-linked related products. In this presentation, I will provide an overview on the various types of investment guarantee products. The risk characteristics, trends and development of these products will also be discussed. Bio: Ken Seng Tan, Ph.D., ASA, CERA, is Canada Research Chair Professor in Quantitative Risk Management in the Department of Statistics and Actuarial Science, University of Waterloo. He is the Associate Scientific Director of the Institute for Quantitative Finance and Insurance (IQFI). He also holds the Cheung Kong Scholar of the China Institute for Actuarial Science, Central University of Finance and Economics, Beijing. He is currently serving as the Treasurer of the Education and Research Section of the Society of Actuaries. He has co-authored several research articles in finance and actuarial science and his papers have been published in actuarial, finance and mathematics journals. He has received several awards, including the 1996-97 Redington Prize, the North American Actuarial Journal Annual Prizes 2001 and 2003. His work on Quasi-Monte Carlo method, co-authored with Phelim Boyle and Corwin Joy, has been honored as one of the seven most important contributions in investment research in the last fifty years, as judged by the investment council of the Society of Actuaries. </p>
