The Actuarial Studies group has a diverse range of interests that involve collaboration with colleagues in a number of disciplines including economics, finance, demography and statistics.
This research is published in leading domestic and international journals across the wide variety of disciplines described above. Staff regularly participate in seminar and brown bag series and at top international and domestic conferences. Further information about research interests can be found on the profile pages of the Actuarial Studies faculty. We engage with government and business entities and offer programs accredited by the Actuaries Institute for undergraduate, Masters and Ph.D. students. We are also designated as a Centre of Actuarial Excellence of the Society of Actuaries.
NEWS
Award
Anna von Reibnitz and Jananie William received the Fran Hayes Award Special Commendation (as the runner-up for the main award) for their paper: Curtis, S., William, J., von Reibnitz, A., Glennie, M. and Pekarek, A. 2025. “Bridging disclosure and action: The role of intermediaries in gender pay gap regulation”, Journal of Industrial Relations
Top publication
Congratulations to Ning Wang for his publication in Insurance: Mathematics and Economics, one of the very top journals in Actuarial Studies.
Student achievement
Congratulations to ANU students, Olaf Braaksma-Menks, Vishesh Gupta, Phan Tien Dung Le, Emil Ong and Richard Tang for placing 3rd out of 68 teams in the 2025 Society of Actuaries Research Case Study Challenge. This is a fantastic achievement against a very competitive field!
Society of Actuaries grants ANU accreditation under the University-Earned Credit program
The U.S. Society of Actuaries (SOA) has granted ANU accreditation under the University-Earned Credit (UEC) program. Under the UEC program, ANU students earn credit for SOA exams by attaining a required score on university coursework, so their studies contribute to gaining SOA qualifications. A detailed announcement can be found here and further information about the accreditation can be found here.
CBE Research Award for Excellence in Research
Ning Wang is the recipient of the 2024 CBE Research Award for Excellence in Research (ECR).
Selected recent publications
Constant Proportion Performance Participation
Khemka, G., Lim, W. & Zagst, R. (2026). Quantitative Finance. 26(3), 433–448
Option-Based portfolio and consumption insurance (OBPCI)
Escobar, M.,Khemka, G., Wang, N. & Xu, Z. (2026). Forthcoming in the Scandinavian Actuarial Journal
The Power of Human Capital in Lifecycles
Escobar, M., Khemka, G. & Lim, W. (2026). Insights from a Flexible Framework. Forthcoming in the Scandinavian Actuarial Journal
Mean-Variance and Consumption
Escobar, M., Khemka, G., & Zagst, R. (2025). Finance Research Letters. 86(B), 108420
Utility Maximization of Household with Information Learning and Health Shocks
Wang, H., Siu, T. K., Wang, N., & Wang, R. (2025). Finance Research Letters. 86, 108241
Assessing Ethereum’s Diversification Role with Bitcoin and Major Equity Index – A Bayesian Mixture Copula Approach”
Li, J. & Liu, J.J. (2026). Forthcoming in Computational Economics
Mean–variance optimization of terminal wealth and consumption
Escobar-Anel, M., Khemka, G., Wang, N. & Zheng, X. (2026). Forthcoming in Scandinavian Actuarial Journal