Discovery Projects - Grant ID: DP1092933

Funding Activity

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Funded Activity Summary

New valuation and parallel simulation methods for finance and insurance. Many Australians have superannuation savings and hold life insurance contracts. Hence, the price and risk of these investments is of particular importance to the welfare of Australia. The proposed research will improve the financial security of Australians by demonstrating that many long term insurance and superannuation products require far less capital than currently suggested. This project will provide path breaking frontier technology for enhancing the performance of superannuation funds, insurance companies and banks, giving these Australian institutions a competitive advantage. An additional outcome will be global growth for sectors of Australia's IT industry, developing related software and tailored hardware.

Funded Activity Details

Start Date: 01-01-2010

End Date: 31-12-2014

Funding Scheme: Discovery Projects

Funding Amount: $431,094.00

Funder: Australian Research Council