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Former names | Department of Statistics (1950-1952) Institute of Statistics (1952-2007) |
|---|---|
| Established | 1950 |
Parent institution | University of the Punjab |
| Principal | Dr. Sohail Chand |
| Location | , Punjab , Pakistan |
College of Statistical and Actuarial Sciences is a constituent college of the University of the Punjab in Lahore.
The subject of Statistics was introduced in 1941 in the University. The college was established as the Department of Statistics in 1950 by Dr. M. Zia ud Din. The department was raised to the status of an Institute in 1952 and renamed to its current name in 2007. [1]
An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. The name of the corresponding field is actuarial science which covers rigorous mathematical calculations such as the survival function and stochastic process. These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms.
Max Otto Lorenz was an American economist who developed the Lorenz curve in an undergraduate essay. He published a paper on this when he was a doctoral student at the University of Wisconsin–Madison. His doctoral thesis (1906) was on 'The Economic Theory of Railroad Rates' and made no reference to perhaps his most famous paper. The term "Lorenz curve" for the measure Lorenz invented was coined by Willford I. King in 1912.
The University of the Punjab, also referred to as Punjab University, is a public research university located in Lahore, Punjab, Pakistan. It is the oldest and largest public sector university in Pakistan.
The following outline is provided as an overview of and topical guide to actuarial science:
Gheorghe Mihoc was a Romanian mathematician and statistician.
The University of Sannio is a university located in Benevento, southern Italy. Founded in 1998, the University of Sannio is organized in 4 faculties with almost 6,000 students and offers courses at undergraduate and postgraduate level in the fields of Law, Statistics, the Environment, Geology, Biology, Biotechnology, Civil Engineering, Computer Engineering, Energy Engineering, Electronic Engineering, Economics and Business Organization.
John Aitchison was a Scottish statistician.
David X. Li is a Chinese-born Canadian quantitative analyst and actuary who pioneered the use of Gaussian copula models for the pricing of collateralized debt obligations (CDOs) in the early 2000s. The Financial Times has called him "the world’s most influential actuary", while in the aftermath of the global financial crisis of 2008–2009, to which Li's model has been partly credited to blame, his model has been called a "recipe for disaster" in the hands of those who did not fully understand his research and misapplied it. Widespread application of simplified Gaussian copula models to financial products such as securities may have contributed to the global financial crisis of 2008–2009. David Li is currently an adjunct professor at the University of Waterloo in the Statistics and Actuarial Sciences department.
Bernard Benjamin was a noted British health statistician, actuary and demographer. He was author or co-author of at least six books and over 100 papers in learned journals.
The College of Natural Science (NatSci) at Michigan State University is home to 27 departments and programs in the biological, physical and mathematical sciences.
The College of Arts and Sciences (CAS) is one of the eleven degree-granting units of the University of the Philippines Los Baños. It is the largest college in University of the Philippines System which offers most of the general education subjects required of UPLB students, as well as the highest number of degree programs in the University. The Philippines' Commission on Higher Education has recognized CAS as a Center of Excellence in Biology, Chemistry, Information Technology and Mathematics, as well as a Center of Development in Physics and Statistics.
Statistics is the theory and application of mathematics to the scientific method including hypothesis generation, experimental design, sampling, data collection, data summarization, estimation, prediction and inference from those results to the population from which the experimental sample was drawn. This article lists statisticians who have been instrumental in the development of theoretical and applied statistics.
Applied mathematics is the application of mathematical methods by different fields such as physics, engineering, medicine, biology, finance, business, computer science, and industry. Thus, applied mathematics is a combination of mathematical science and specialized knowledge. The term "applied mathematics" also describes the professional specialty in which mathematicians work on practical problems by formulating and studying mathematical models.
Erling Sverdrup was a Norwegian statistician and actuarial mathematician. He played an instrumental role in building up and modernising the fields of mathematical statistics and actuarial science in Norway, primarily at the Department of Mathematics at the University of Oslo but also via his links to Statistics Norway.
Professor Richard Verrall is Vice-President of City, University of London. He took up this post in 2011 and was previously Head of the Department of Actuarial Science, then Associate Dean of Cass Business School, City, University of London. Professor Verrall joined City, University of London, as a lecturer in 1987.
Yulia R. Gel is a professor in the Department of Mathematical Sciences at the University of Texas at Dallas and an adjunct professor in the Department of Statistics and Actuarial Science of the University of Waterloo.
Patrick L. Brockett is an endowed Chaired Professor within the Information, Risk and Operations Management, Finance, and Mathematics departments at The University of Texas at Austin. He is the Director of the Risk Management and Insurance Program, Director for the Center of Risk Management and Insurance, and Director for the Minor/Certificate in Risk Management Program. He is also an Affiliated Faculty Member in the University of Texas- Austin Division of Statistics & Scientific Computation. He is known for his research in statistics, probability, actuarial science, quantitative methods in business and social sciences, and risk and insurance. The American Risk and Insurance Association (ARIA) endowed and named a research award in his honor: The Patrick Brockett & Arnold Shapiro Actuarial Research Award, awarded to the actuarial journal article that makes the best contribution of interest to ARIA risk management and insurance researchers.
Charmaine B. Dean is a statistician from Trinidad. She is the vice president for research at the University of Waterloo, a professor of statistical and actuarial sciences at both Waterloo and Western University, the former president of the Western North American Region of the International Biometric Society, the former President of the Statistical Society of Canada. Her research interests include longitudinal studies, survival analysis, spatiotemporal data, heart surgery, and wildfires.
Cyntha Anne Struthers is a Canadian mathematical statistician whose research topics include missing data in longitudinal studies and proportional hazards models. She is an associate professor of statistics and actuarial science at the University of Waterloo, and the former president of the Caucus for Women in Statistics.
Guosheng Yin is a statistician, data scientist, educator and researcher in Biostatistics, Statistics, machine learning, and AI. Presently, Guosheng Yin is Chair in Statistics in Department of Mathematics at Imperial College London. Previously, he served as the Head of Department and the Patrick S C Poon Endowed Chair in Statistics and Actuarial Science, at the University of Hong Kong. Before he joined the University of Hong Kong, Yin worked at the University of Texas M.D. Anderson Cancer Center till 2009 as a tenured Associate Professor of Biostatistics.