A research project at UQAM, funded with a $850,000 grant from the Natural Sciences and Engineering Research Council of Canada (NSERC) and the Co‑operators Group, aims to develop more robust mathematical models for property, casualty, and other insurance (P&C).
Led by the CARA Chair (Actuarial Risk Analysis) and professors Jean‑Philippe Boucher and Mathieu Pigeon, the project has two main goals: align policy pricing with long-term actual risks and ensure insurers have sufficient liquidity to cover costs associated with natural disasters.
The 2024–2029 program will focus on three main areas: standardizing and replicating insurance data, streamlining pricing, and optimizing provisioning.
UQAM also highlights the past success of its students: the actuarial chair’s project on fire contagion in farms won an award from the Casualty Actuarial Society.
For the insurance industry, this means that more accurate insurance models translate into fairer premiums, greater resilience for insurers in the face of claims, and potentially a direct impact on what we pay to insure a home, a car, or personal belongings.
Read more on Actualités UQAM (RF)