Interview with students:

9:30-12:00am Thursday, 2017 Spring  

Job title:

Associate Professor  

Telephone:

(8610) 62757803 

E-mail:

chen.kai@pku.edu.cn  

Address:

Room 418, School of Economics, Peking University 

Education background:

09/2003-09/2007
University of Waterloo, School of Mathematics, Waterloo, ON, Canada
Doctor of Philosophy in Actuarial Science
-Dissertation: The Valuation and Risk Management of a DB Underpin Pension Plan, Advisor: Dr. Mary Hardy
-Research experience:
-Implemented different financial instruments to hedge pension liabilities from pension plan sponsors’ perspective
-Pioneered one hedging strategy to manage pension funds for a defined benefit (DB) pension and authored new findings
-Provided quantitative costs analysis for pension designers and proposed costs reduction approaches
-Customized the Monte Carlo simulation to numerically solve PDEs and calculate pension hedging costs
09/1998- 09/2002
Peking University, School of Mathematical Sciences, Beijing, China
B.S. in Financial Mathematics, 2002 

Work experience:

09/2013-present
Associate Professor, Peking University, Beijing, China
-Teach four courses in actuarial science and risk management per year and mentored students in Insurance Major
-Director of the China Actuarial Science Development & Research Center at Peking University
-Courses: Principle of Actuarial Science (undergraduate), Enterprise Risk Management (undergraduate, in English), Risk Management Modeling and Applications (undergraduate), and Practices in Actuarial Science (graduate)
09/2009-09/2013
Assistant Professor, Peking University, Beijing, China
-Teach two courses in actuarial science and risk management per year and mentored students in Insurance Major
-Designed a risk management course in English and will offer this course in 2012 for all students at Peking University
-Courses: Principle of Actuarial Science (undergraduate), Enterprise Risk Management (undergraduate, in English), Risk Management Modeling and Applications (undergraduate), and Advanced Actuarial Science (graduate)
09/2007-09/2009
Assistant Professor, Robert Morris University, Moon Twp, PA
-Taught three courses in mathematics and actuarial science per semester and mentored students in Actuarial Science Major
-Initiated a joint course with School of Business for the Society of Actuaries professional examinations
09/2002-09/2003
Research Assistant, United Security Company Financial Laboratory, Peking University, China
-Evaluated the portfolio strategies and developed a new efficient strategy to increase ROI with a low implied volatility
-Analyzed the performance of China Securities Market, constructed a benchmark to test the efficiency of the market
07/2001-09/2001
Summer Intern, Ping An Insurance Company of China, Shenzhen, China
-Analyzed the insurance policy historical data to evaluate the existing traditional fixed annuity products
-Participated in the design of new variable annuity products and the exploration of new market opportunities

*OTHER RESEARCH EXPERIENCES
06/2011- present
Director, China Actuarial Science Development & Research Center, Peking University, Beijing, China
09/2009- present
Research Fellow
China Center for Insurance and Social Security Research, Peking University, Beijing, China

*LEADERSHIP/ ASSOCIATION
09/2003-09/2004
Co-Organizer, University of Waterloo Actuarial Science Club, Waterloo, Canada
? Organized one and half hours lecture per week for club members pursuing the Associate of Society of Actuaries (ASA)
? Managed seminars on actuarial topics featuring notable managers from Canadian insurance companies
07/2000-08/2000
Organizer/Team Leader, School of Mathematical Sciences, Peking University, China
? Raised 12,000 RMB fund to support one 12-person team to Yunnan province to investigate the rich-poor gap in suburban
? Used spare time to teach ethnic minority children mathematics and Mandarin 

Research interests:

Risk Management
Pension
Enterprise Risk Management
Monte Carlo Simulation
Financial Mathematics 

Teaching:

Undergraduate Level: Principle of Actuarial Science, Enterprise Risk Management (in English), Risk Management Modeling and Applications
Graduate Level: Practices in Actuarial Science 

Publications:

? Kai Chen* and Chi Choi Wong (2017), The Decision-Making Actuarial Pricing Model Based on Expected Utility Theory and Prospect Theory, Insurance Studies, 2011(12)
? Yue Zhao, Saiang Gao, and Kai Chen*(2015), Study on the model of Individual Pension Reserve, Finance Forum, 66-74, 2015(8)
? Kai Chen* and Yu Duan(2014), Multi-supports for retirement and Household Saving Rate—Empirical Analysis on an Overlapping Generation Model, Journal of Technoeconomics & Management Research，71-76，2014(6)
? Wei Zheng, Shanjun Lin, and Kai Chen*，Characteristics and Trend of Population Aging in China and Its Potential Impact on Economic Growth, The Journal of Quantitative & Technical Economics，3-20, 2014(8)
? Kai Chen* and Xiaojie Gong (2012), The Relationship between ERM and the Firm Value in Insurance Companies, Journal of Technoeconomics & Management Research, 7-11, 2012(9)
? Kai Chen* and Yu Duan (2012), A Study on the Inflation Risk of Individual Accounts of the Social Security Fund, Insurance Studies, 2012(4)
? Kai Chen (2012), The valuation and risk management of a DB underpin pension plan, Central Compilation and Translation Press
? Kai Chen* and Yinshen He (2011), The Valuation of Hybrid Pension Plans and Risk Analysis, Insurance Studies, 2011(12)
? Kai Chen* and Mary Hardy (2009), The DB underpin hybrid pension plan: fair valuation, North American Actuarial Journal, Volume 13, Number 4. 

Honors and Awards:

*SCHOLARSHIPS/CERTIFICATES
? 09/2006, Associate of the Society of Actuaries, Specialization: Risk Management, Finance, Pension
? 09/2006, SOA/CAS Ph.D. Grants, US $10,000
? 01/2006, Empire Life Insurance Company Graduate Scholarship, CA $10,000
? 01/2005, Dominion of Canada General Insurance Company Graduate Scholarship, CA $10,000