ARC Centre of Excellence in Population Ageing Research. This Centre intends to generate crucial knowledge to inform social and economic responses to population ageing, one of the most important issues of the 21st century. Population ageing exerts unprecedented pressures on social norms and policy institutions, both in Australia and around the world. Leading researchers from a range of disciplines will undertake multidisciplinary research to help governments, businesses, and consumers prepare for ....ARC Centre of Excellence in Population Ageing Research. This Centre intends to generate crucial knowledge to inform social and economic responses to population ageing, one of the most important issues of the 21st century. Population ageing exerts unprecedented pressures on social norms and policy institutions, both in Australia and around the world. Leading researchers from a range of disciplines will undertake multidisciplinary research to help governments, businesses, and consumers prepare for and make better decisions for an ageing world, with consequent social and economic benefits for families and communities expected to flow to Australia, the Asian region and the world.Read moreRead less
Forecasting and Financing Healthy Ageing and Aged Care in Australia. This project aims to quantify future risks of chronic illness and functional disability in retirement, proposing financing strategies aimed at enhancing healthy ageing, lifestyle quality and aged care provisions. The project devotes to devising a framework integrating government and private sector participation in funding health costs which increase significantly in older ages. The expected outcome includes sustainable retireme ....Forecasting and Financing Healthy Ageing and Aged Care in Australia. This project aims to quantify future risks of chronic illness and functional disability in retirement, proposing financing strategies aimed at enhancing healthy ageing, lifestyle quality and aged care provisions. The project devotes to devising a framework integrating government and private sector participation in funding health costs which increase significantly in older ages. The expected outcome includes sustainable retirement income scenarios for easing fiscal pressure from social initiatives such as age pension and aged care financing at the same time improving living standards for seniors. The project expects to place Australia at the forefront of research on sustainable solutions to financial challenges facing retirees.Read moreRead less
Quantitative Analysis of Systemic Risk in Insurance. This project aims to achieve a contemporary and comprehensive quantitative analysis of systemic risk in insurance. The significance lies in narrowing the gap between the studies of systemic risk in banking and insurance. Expected outcomes include the construction of insurance/reinsurance networks to formalise systemic risk, the analysis of the role of network integration, and the development of pricing frameworks to entail a systemic risk prem ....Quantitative Analysis of Systemic Risk in Insurance. This project aims to achieve a contemporary and comprehensive quantitative analysis of systemic risk in insurance. The significance lies in narrowing the gap between the studies of systemic risk in banking and insurance. Expected outcomes include the construction of insurance/reinsurance networks to formalise systemic risk, the analysis of the role of network integration, and the development of pricing frameworks to entail a systemic risk premium. The project will benefit insurers and regulators by providing a forward-looking approach to monitoring and assessing insurance risk during a systemic crisis. These important original contributions to insurance risk management will help establish Australia’s global leadership in systemic risk.Read moreRead less
Loss-based Bayesian Prediction. This project proposes a new paradigm for prediction. Using state-of-the-art computational methods, the project aims to produce accurate, fit for purpose, predictions which, by design, reduce the loss incurred when the prediction is inaccurate. Theoretical validation of the new predictive method, without reliance on knowledge of the correct statistical model, is an expected outcome, as is an extensive numerical assessment of its performance in empirical settings. T ....Loss-based Bayesian Prediction. This project proposes a new paradigm for prediction. Using state-of-the-art computational methods, the project aims to produce accurate, fit for purpose, predictions which, by design, reduce the loss incurred when the prediction is inaccurate. Theoretical validation of the new predictive method, without reliance on knowledge of the correct statistical model, is an expected outcome, as is an extensive numerical assessment of its performance in empirical settings. The new paradigm should produce significant benefits for all fields in which the consequences of predictive inaccuracy are severe. Problems that lead to substantial economic, financial or environmental loss if predictions are incorrect will be given particular attention.Read moreRead less
Loss-based Bayesian Prediction. This project proposes a new paradigm for prediction. Using state-of-the-art computational methods, the project aims to produce accurate, fit for purpose, predictions which, by design, reduce the loss incurred when the prediction is inaccurate. Theoretical validation of the new predictive method, without reliance on knowledge of the correct statistical model, is an expected outcome, as is an extensive numerical assessment of its performance in empirical settings. T ....Loss-based Bayesian Prediction. This project proposes a new paradigm for prediction. Using state-of-the-art computational methods, the project aims to produce accurate, fit for purpose, predictions which, by design, reduce the loss incurred when the prediction is inaccurate. Theoretical validation of the new predictive method, without reliance on knowledge of the correct statistical model, is an expected outcome, as is an extensive numerical assessment of its performance in empirical settings. The new paradigm should produce significant benefits for all fields in which the consequences of predictive inaccuracy are severe. Problems that lead to substantial economic, financial or environmental loss if predictions are incorrect will be given particular attention.Read moreRead less
Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavour ....Extreme Value Theory Approaches to Insurance in a Catastrophic Environment. Recent decades are marked by numerous significant natural (climate change) or man-made (financial crises) catastrophes, which have significantly altered the landscape of the insurance industry. These have potentially significant negative impacts on the availability and affordability of insurance, and hence on the capability and capacity of households and businesses to take risks and be competitive. This project endeavours to establish progressive approaches (using extreme value theory) to the challenges faced by insurance in such a catastrophic environment. They will enhance the financial stability and competitivity of the Australian economy, and further establish its global leadership in dealing with climate changes and catastrophes.Read moreRead less