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SOA Center for Actuarial Excellence

The Department of Risk Management and Insurance at Georgia State University was one of the inaugural programs to be named a Society of Actuaries (SOA) Center of Actuarial Excellence (CAE). We have a long history of producing high-caliber graduates in actuarial science and our 2,300 alumni occupy key positions in the insurance industry and beyond.


Actuarial Education @ GSU

Founded in 1953 by a group of young and innovative scholars led by Kenneth Black Jr., the RMI Department has built a strong reputation in actuarial education. U.S. News & World Report has ranked our undergraduate insurance program among the nation’s top 10 since 1999, and our more than 250 students exhibit the highest average SAT scores of any major in the Robinson College. Furthermore, our Master of Actuarial Science (MAS) program is one of the largest ones in the United States housed within a business college. The business school environment provides additional resources for our students, and our broader business training prepares our students not only for their careers as actuaries but also to take on senior management roles.

Actuarial Education @ GSU 

Actuarial Research @ GSU

Our more than twenty-five full-time faculty members span an array of expertise, ranging from leading scholars in behavioral economics and policy-oriented legal research to quantitatively oriented researchers in financial economics and statistics. However, as a common thread, all faculty members work on risk from different angles. As such, in a line of renowned academic actuaries that served at GSU, our faculty members with a focus on actuarial research take a central role in the department’s topology.

Actuarial Research @ GSU 

CAE Research on Longevity Risk

In 2015, Dr. Daniel Bauer and Dr. Liang Peng were awarded a CAE Research Grant on “New Trends in Longevity” (see the Society of Actuaries’ press release). Together with collaborators as well as current and former PhD students, the objective of the project is to develop a research program that focuses on modeling mortality trends rather than the variability in mortality rates—and the inference for and the evaluation of resulting models. The project bears synergies with another short-term SOA-sponsored research project Drs. Bauer and Peng on Longevity Pooling.

CAE Research on Longevity Risk 

CAE Research on Policyholder Behavior

Between 2011 and 2014, Dr. Daniel Bauer and Dr. Eric Ulm, together with their former Ph.D. students Dr. Jin Gao (Lingnan University), Dr. Thorsten Moenig (University of St. Thomas, CAE), and Dr. Nan Zhu (Illinois State University, CAE), worked on “Structural Models of Policyholder Behavior” under a CAE Research Grant. The key point of this project, on which the researchers continue to work, is to understand the drivers of policyholder behavior in life insurance—and repercussions on actuarial practice.

CAE Research on Policyholder Behavior