Key Facts and Figures

Academic Year 2018-2019
(September 2018 – August 2019)


Research activity continued to flourish at ISBA during the academic year 2018-2019. Research programs conducted by ISBA members lead to publications in top actuarial and statistical journals, as well as in related fields (mathematical economics, operations research, or mathematical finance, for instance). Precisely, ISBA members published 54 papers (ref. RP2018/31-RP2019/42) in international refereed journals. Research to appear soon, or under evaluation, was reported in 29 discussion papers (ref. DP2018/26-DP2019/19).

ISBA members are involved in editorial boards of reference journals in their respective fields, including

- Annals of Statistics, Bernoulli, Computational Statistics and Data Analysis, Electronic Journal of Statistics, Extremes, and Statistical Modelling in probability and statistics

- Biometrika, Biometrics, and Biostatistics

- Econometrics and Statistics, Journal of Risk and Financial Management, Studies in Nonlinear Dynamics and Econometrics, Econometrics, Journal of Business and Economic Statistics, and Digital Finance

- ASTIN Bulletin and Insurance: Mathematics and Economics.

They also regularly act as reviewers for international, peer-reviewed journals. This is a clear mark that their expertise is recognized worldwide.

Besides fundamental research, ISBA members are also very active in addressing societal issues such as sustainability of pension systems and insurability of long-term cancer survivors.

Training junior researchers is a key activity for ISBA senior academic members. In 2018-2019, ISBA has hosted 25 PhD students and 3 post-doc researchers. Three students successfully defended their PhD thesis and were awarded the degree of Doctor in Science, orientation Statistics or Actuarial Science.

ISBA welcomed 25 visitors from all around the world. Most of them presented their research results at the regular ISBA seminars, in the statistics series or in the actuarial series. There have been 9 such seminars in 2018-2019. Two scientific events were also organized: a one-day workshop on «Alternatives to the Proportional Hazards Modeling in Cancer Drug Development» and a two-day workshop on «Fair Valuation in Insurance». Also, there have been 17 Applied Statistics workshops focusing on problem-driven statistics organized at ISBA and two short courses devoted to high-dimensional statistics (by Eugen Pircalabelu, ISBA member) and to frontier models in production econometrics and extreme value theory in risk handling (by Abdelaati Daouia, from Toulouse School of Economics).

Scientific activities developed by ISBA members are supported by various programs funded by the Belgian French-speaking Community (Fédération Wallonie-Bruxelles), the Walloon Region of Belgium (Région wallonne), the Belgian Federal Government and the European Union (H2020 and ERC). ISBA members were involved in two new ARC projects running over 2018-2023: “Sustainable, adequate and safe pensions” and “Negative and ultra-low interest rates: behavioral and quantitative modelling”. Besides public support, ISBA also benefited from fruitful collaboration with private partners mainly form the pharmaceutical and insurance sectors (e.g., SAS, CluePoints, GSK, Axa …).

The excellence of the research programs conducted at ISBA was recognized by the Brockett-Shapiro Actuarial Journal Award awarded by the American Risk and Insurance Association (ARIA) and the Harris Schlesinger Prize for Research Excellence 2019 awarded by the European Group of Risk and Insurance Economists (EGRIE) to ISBA members during academic year 2018-2019. Also, ISBA ranks 3 over the last 2014-18 period and remained in the top 10 since 2000 in the University of Nebraska at Lincoln (UNL) ranking listing the top 50 universities worldwide based on the number of papers published in leading actuarial journals. Last but not least, ISBA is among the 20 centers from around the world designated by the International Insurance Society as Global Centers of Insurance Excellence (GCIE). This certification recognizes outstanding risk management and insurance programs that play an integral role in promoting insurance knowledge and research.

The detailed key figures can be found here : REPORT_isba_Key Facts Figures_2018_2019 .

Catherine Legrand, ISBA Chairwoman
Michel Denuit, ISBA Research Director