1. Since 2001, Assistant Vice President and Research Director, SCOR (one of the top 10 global reinsurer based in France)

• Project Leader for Enterprise Risk Management & Capital Allocation

  In charge of model development for risk aggregation and capital allocation
  Responsible for modeling SCOR Group’s market risks, credit risks, interest rate risks, property-casualty underwriting risks (pricing & reserving risks), life insurance risks, and operational risks.
  Gather/Analyze underwriting inputs regarding local insurance markets in more than twenty countries in Asia, Europe and America

• Developed a universal pricing formula, called the Wang transform, for insurance risks, credit risks, and weather derivatives

  This research innovation was motivated by active interactions with other leading researchers in insurance and capital markets
  Applied the pricing formula to analyzing 1999-2001 CAT-bond transactions and corporate bond yield spreads
  Applied to pricing Aggregate Stop-Loss Insurance & Catastrophe contracts
  This research has been awarded the inaugural Bob Alting von Geusau Memorial Prize by the International Actuarial Association (AFIR Section)

• Involved in the allocation of profitability target to individual contracts

Developed risk benchmarks for all major lines of business that served as a basis for calculating underwriting target loss ratios
Implemented risk-load adjustment by layer
Applied a Brownian-motion concept in finance to reflect the increased cost of capital for long-tailed lines of business.
Audited the reserving system used by the SCOR Group
Tested the Hertig Method and the Curve-Fitting Method in comparison with other reserving methods

2. Sept 97- Dec 2000, Pricing Actuary, SCOR US, Itasca, IL

• Priced reinsurance treaties in personal lines, commercial lines, workers compensation, fidelity & surety, proportional and excess-of-loss, aggregate stop-loss, and non-traditional covers
• Worked closely with underwriters and client companies
• Enhanced “Aggregate Loss Model” using Fast Fourier Transform and Recursive Method, both programmed in Excel VBA.
• Conducted a series of trainings for underwriters on reinsurance pricing techniques

3. Aug 93 – Aug 97, Assistant Professor in Actuarial Science, University of Waterloo (94-97) & Concordia University (93-94), Canada.

• Taught actuarial courses including Risk Theory, Credibility Theory, Life Contingencies, Survivor Analysis, Economics of Insurance, and Graduate Research Seminars.
• Supervised several Master and Doctoral students
• Taught the Actuarial Class of Nankai University (China) in 1995
• Visiting Associate Professor at University of Copenhagen during Sept-Nov 1996

4. Since 98, Adjunct Associate Professor, University of Waterloo

Advised one doctorial student in Switzerland and one Master student in Denmark

Professional Qualifications & Activities

• Fellow of the Casualty Actuarial Society
• Associate of the Society of Actuaries
• Member of the American Academy of Actuaries
• Member of the American Risk and Insurance Association
• Co-Editor of the North American Actuarial Journal
• Editorial Board of the ASTIN Bulletin (The International Non-Life Actuarial Journal)
• Section Editor for the Encyclopedia of Actuarial Science
• Member of the CAS Committee on Theory of Risk
• Member of the International Actuarial Association Solvency Working Party
• Speaker at numerous international actuarial/insurance conventions　

2003 Bowles Symposium Leader and Distinguished Lecture of Georgia State University J. Mack Robinson College of Business (http://www.rmi.gsu.edu/bowles/bowles_leaders.htm)
Recipient of the Best Paper Prize for the 1997 CAS Ratemaking Seminar
Recipient of the inaugural Bob Alting von Geusau Memorial Prize (with the prize ceremony held in the Netherlands).

Education & Personal Data

Sep 1991 – Aug 1993. Doctoral Degree in Statistics (Actuarial Science Specialization), University of Waterloo, Canada.
• Advisor: Dr. Harry Panjer.
• Thesis Examiner: Dr. Hans Buhlmann
Sep 1981 – Aug 1989. Bachelor’s & Master’s Degrees in Applied Mathematics, Beijing University, China

Contact

Shaun Wang
Robert W. Batten Chair & Director of Actuarial Science Program
J. Mack Robinson College of Business
Georgia State University
Office: 404-651-2736
Mobile: 678-524-9222
Fax: 404-651-4219
Email: inssww@langate.gsu.edu
www.rmi.gsu.edu