Shaun Shuxun Wang
Shaun Shuxun Wang
Chair Professor
教师简介:

Shaun Shuxun Wang

Wisdom Valley Block 3,302

wangsx@sustech.edu.cn


Shuxun Wang is a Chair Professor for the Department of Finance at SUSTech. His previous posts have included the Nanyang Business School at Nanyang Technological University, Deputy Secretary-General and Head of Research at the Geneva Association, Chairman of Risk Lighthouse LLC, Professor and Thomas P. Bowles Endowed Chair of the J. Mack Robinson College of Business at Georgia State University, and Research Director of SCOR Reinsurance Co.


He has published more than 37 papers in top academic journals, including Science, Journal of the Institute of Electrical and Electronics Engineers, Pacific Rim Magazine, International Actuarial Journal, Journal of Risk and Insurance, and Insurance: Mathematics and Economics. In 2018, he was the recipient of the 2018 University of Kentucky Research Excellence Award. The American Risk and Insurance Association awarded him the 2010 Robert Mehr Award, for the paper published in the Journal of Risk and Insurance ten years ago that best stood the test of time.


Shuxun Wang holds two US patents and one temporary patent. The two US patents are for a mathematical formula called “Wang Transform,” which prices risk for fields such as catastrophe insurance, credit risk, and weather-derived products. He was the co-editor-in-chief of the Journal of the International Actuarial Association between 2005 and 2008.


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


•  Recipient of the 2018 University of Kentucky Research Excellence Award

•  Recipient of the 2014 Variance Journal Best Paper Prize

•  Recipient of the 2012 Variance Journal Best Paper Prize

•  Recipient of the 2012 Ronald Bornhuetter Loss Reserve Prize

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

•  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)

•  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

•  Recipient of the 2004 Ronald Ferguson Prize in Reinsurance

•  Recipient of Inaugural Bob Alting von Geusau Memorial Prize by the International Actuarial Association, in Hague, Netherlands in 2003

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

•  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 

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


Google Scholar Citation Statistics


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 


2.  "Cyber risk research impeded by disciplinary barriers." SCIENCE, November 29, 2019. https://science.sciencemag.org/content/366/6469/1066.summary

(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.2019.101173Winner 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.


Research Grants

Project Title

Funding Agency or

sourc

AmountDurationPI/Co-PI

Cyber Risk Management Project (CyRiM)

Monetary Authority of Singapore & Insurance Industry

SGD

$7,250,000
2016-2019PI

Establishing Actuarial Measures of Property Value

Casualty Actuarial Society

US

$50,000
2013-2014PI

Actuarial and Econometric Analyses of Systemic Risk in the Insurance Industry

Society of Actuaries CAE Research Grant

US

$200,000
2013-2014Co-PI
Development of a Network Model foIdentification anRegulation of Systemic Risithe Financial SystemSociety of Actuaries

US

$65,000
2012-2013Co-PI

Methodologies of Validating Risk and Capital Models for Insurance Companies

Society of Actuaries

US

$58,000
2012-2014Co-PI

Liquidity and Credit Risk in the Valuation of Assets and Liabilities in a Going Concern

Casualty Actuarial

Society

US

$42,000
2011Co-PI

The Financial Crisis and Lessons for Insurers

Society of Actuaries

US

$44,000
2009Co-PI

Estimating the Actuarial Cost Function of Financial Distress

Society of Actuaries

US

$20,000
2006Co-PI

Enterprise Risk Management for Property Casualty Insurance Companies

Casualty Actuarial

Society

US

$20,000
2006Co-PI
Aggregate Loss Distributions: Convolution and Time Dependency

Casualty Actuarial

Society

US

$25,000
1997PI

Further Studies on Insurance Risks Computing

National Science and Engineering Research Council of Canada

CND

$30,000
1994-1997PI


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)


Speaking Engagement at Conferences


2020

2019: Haifa University, Israel; Hebrew University, Israel; Remin University, China; Myanmar; Society of Actuaries Annual Meeting, Toronto; Asia Actuarial Conference, Singapore; ICRM Symposium, Singapore; Harvard University, Massachusetts; National Insurance Academy, India; Oxford University, England; SCOR Paris; Fifteenth Annual Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective, USA.

2018: RIMS Cyber Risk Forum, USA; 9th International Symposium on Catastrophe Risk Management, ICRM, NTU, Singapore; Wuhan University, Wuhan, China; Insurance Summit on Belt and Road Initiative, Mandarin Orchard Hotel, Singapore; International Congress of Actuaries, Berlin, Germany; Monetary Authority of Singapore, Singapore; Tsinghua University, China; Columbia University, USA; Finance and Insurance School of Laval University, Canada.

2017: Shanghai Lujiazui Financial Risk Forum, Shanghai, China; Centre of Excellence of International Trading and Centre for RMB Internationalisation Studies of NBS, Pan Pacific Singapore; Fullerton Hotel, Singapore; American Risk and Insurance Association Annual meeting, in Toronto, Canada; 2nd Asia Cyber Risk Summit, Singapore; Workshop on Measurement of Digital Security Incidents and Risk Management, in Zurich, Switzerland; Blavatnik Interdisciplinary Cyber Research Centre, Israel; Monetary Authority of Singapore, Singapore; China Finance Information Centre, Shanghai, China.

2016: NTUitive Innovation Center, Singapore; Cyber Risk and Secure Finance Forum, Shanghai; University of New South Wales, Sydney; CAS Asia Regional Affiliate, Singapore Seminar, Singapore; Asia Development Bank Institute, Tokyo, Japan; 1st Asia Cyber Risk Summit, Singapore; ICRM Symposium, Singapore; IFOA Asia Conference, Hilton Kuala Lumpur; Asia Conference on Big Data and Analytics for Insurance, Singapore.


Supervision of Doctoral Disserations


•  Supervisor, Jing Rong GOH, 2016 – 2019 Graduated in 2019.

•  Member, Doctoral Dissertation Committee, Pingyi LOU, Three Essays on Insurance Company Investment, 2015-2018. [Dr Lou is now on faculty at Fudan University]

•  Member of Thesis Committee, YANG Bowen, Title of her doctoral thesis - "Longevity and Statistical Modelling" (graduated in 2017)

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

•  External Examiner, Doctoral Dissertation Committee of Ruodu Wang, Georgia Institute of Technology, completed in May 2012.

•  Member, Doctoral Dissertation Committee of Jin Gao, Georgia State University, completed in December 2010.

•  Chair, Doctoral Dissertation Committee of Xiangjing Wei, Georgia State University, completed in August 2010.

•  Co-Chair, Doctoral Dissertation Committee of Hua Chen, Georgia State University, completed in May 2008.

•  Member, Doctoral Dissertation Committee of Ruilin Tian, Georgia State University, completed in May 2008.

•  Chair, Doctoral Dissertation Committee of Chayanin Kerdpholngarm, Georgia State University, completed in December 2007.

•  Chair, Doctoral Dissertation Committee of Andreas Milidonis, Georgia State University, completed in December 2006.

•  Member, Doctoral Dissertation Committee of Yijia Lin, Georgia State University, completed in May 2006.

•  Member, Doctoral Dissertation Committee of Edohj Afambo, Georgia State University, completed in May 2006.

•  Member, Doctoral Dissertation Committee of Jeung-bo Shim, Georgia State University, completed in 2006.

•  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.

•  External co-Advisor for the Doctoral Thesis of Harry Niederau, University of Zurich, “Axiomatic Representation of Insurance Pricing”, completed in 2000.

•  Member, Doctoral Thesis Committee for Hoque Sharif, University of Waterloo, “Stepwise Recursion for Compound Lagrange Distributions”, completed in 1997.

获奖经历:

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