Kenneth Zhou
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Mail code: 1804Campus: Tempe
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Kenneth Qian Zhou is an Assistant Professor of Actuarial Science in the School of Mathematical and Statistical Sciences. He received his PhD in Actuarial Science from the University of Waterloo, and joined Arizona State University in Fall 2019. He is a Fellow of the Society of Actuaries (FSA) and an associate of the Canadian Institute of Actuaries (ACIA). He was also a Society of Actuaries James C. Hickman scholar from 2015 to 2019.
Kenneth’s research interests include longevity risk management, stochastic mortality modeling, and Bayesian modeling and forecasting. In particular, he focuses on the technical and economic issues of capital market solutions for longevity risk and mortality forecasting from the Bayesian perspective. His work also involves adapting statistical techniques to solve data-driven challenges and identify the source of financial and insurance risks.
Kenneth’s research work has been published in statistical, actuarial and insurance journals, including the Journal of the Royal Statistical Society: Series A, Insurance: Mathematics and Economics, and the Journal of Risk and Insurance. Some of his research findings are also published in professional publications, such as the Actuary Magazine and the Living to 100 Monograph. His paper on dynamic longevity hedging won the 2019 Redington Prize from the Society of Actuaries.
Kenneth is committed to actuarial curriculum development. He has developed two new courses, entitled "Advanced Mortality Modeling and Management of Longevity Risk" and “Topic: Quantitative Risk Measures” at Arizona State University.
Ph.D. University of Waterloo, Canada
- Longevity risk management
- Stochastic mortality modeling
- Bayesian modeling and forecasting
- Computational finance
- Financial time series analysis
- Lyu, P., Li, J.S.-H., & Zhou, K.Q. (2022). Socioeconomic differentials in mortality: Implications on index-based longevity hedges. Scandinavian Actuarial Journal, in press.
- Zhu, X. & Zhou, K.Q. (2022). Smooth projection of mortality improvement rates: A Bayesian two-dimensional spline approach. European Actuarial Journal, in press.
- Feng, M., Li, J.S.-H., & Zhou, K.Q. (2022). Green nested simulation via likelihood ratio applications to longevity risk management. Insurance: Mathematics and Economics, 106, 218-238.
- Zhou, H., Zhou, K.Q., & Li X. (2022). Stochastic mortality dynamics driven by mixed fractional Brownian motion. Insurance: Mathematics and Economics, 106, 285-301.
- Zhou, K.Q. & Li, J.S.-H. (2021). Longevity Greeks: What do insurers and capital market investors need to know? North American Actuarial Journal, 25(Sup1), S66-S96.
- Li, J.S.-H., Li, J., Balasooriya, U., & Zhou, K.Q. (2021). Constructing out-of-the-money longevity hedges using parametric mortality indexes. North American Actuarial Journal, 25(Sup1), S341-S372.
- Zhou, K.Q. & Li, J.S.-H. (2020). Asymmetry in mortality volatility and its implications on index-based longevity hedging. Annals of Actuarial Science, 14(2), 278-301.
- Li, J.S.-H., Zhou, K.Q., Zhu, X., Chan, W.-S., & Chan, F.W.-H. (2019). A Bayesian approach to developing a stochastic mortality model for China. Journal of the Royal Statistical Society: Series A (Statistics in Society), 182(4), 1523-1560.
- Zhou, K.Q. & Li, J.S.-H. (2019). Delta-hedging longevity risk under the M7-M5 model: The impact of cohort effect uncertainty and population basis risk. Insurance: Mathematics and Economics, 84, 1-21.
- Zhou, K.Q. & Li, J.S.-H. (2017). Dynamic longevity hedging in the presence of population basis risk: A feasibility analysis from technical and economic perspectives. Journal of Risk and Insurance, 84(S1), 417-437.
- Chan, W.-S., Li, J.S.-H., Zhou, K.Q., & Zhou, R. (2016). Towards a large and liquid longevity market: A graphical population basis risk metric. Geneva Papers on Risk and Insurance - Issues and Practice, 41(1), 118-127.
Courses
2023 Spring
Course Number | Course Title |
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ACT 555 | Quantitative Risk Management |
ACT 455 | Quantitative Risk Management |
ACT 593 | Applied Project |
STP 427 | Mathematical Statistics |
MAT 493 | Honors Thesis |
2022 Fall
Course Number | Course Title |
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ACT 593 | Applied Project |
ACT 540 | Single Life Mortality |
ACT 440 | Single Life Mortality |
MAT 492 | Honors Directed Study |
2022 Spring
Course Number | Course Title |
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ACT 494 | Special Topics |
ACT 598 | Special Topics |
MAT 493 | Honors Thesis |
2021 Fall
Course Number | Course Title |
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ACT 593 | Applied Project |
ACT 540 | Actuarial Mathematics I |
ACT 440 | Long-Term Actuarial Math I |
MAT 492 | Honors Directed Study |
2021 Spring
Course Number | Course Title |
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ACT 499 | Individualized Instruction |
ACT 598 | Special Topics |
ACT 494 | Special Topics |
2020 Fall
Course Number | Course Title |
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ACT 585 | Advanced Mortality Modeling |
2020 Spring
Course Number | Course Title |
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ACT 494 | Special Topics |
ACT 499 | Individualized Instruction |
ACT 598 | Special Topics |
2019 Fall
Course Number | Course Title |
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ACT 585 | Advanced Mortality Modeling |