Gord Willmot

Biography

Dr. Gord Willmot is a Professor in the Department of Statistics and Actuarial Science, University of Waterloo, University Avenue West, Waterloo, ON, Canada.

Research Interest

Professor Willmot's research interests involve the analysis of insurance losses, with particular emphasis on the theory and application of aggregate claims models and models for the insurer's surplus associated with a particular block of insurance business. His main approaches to the study of these models involves a variety of analytical tools, including those from applied probability and mathematical reliability theory. The main event which is of interest in connection with the insurer's surplus is referred to as ruin, i.e., the surplus becomes negative. Related quantities of interest include the time of ruin, the surplus immediately prior to the ruin-causing event, and the deficit at the time of ruin. These quantities are of much interest in connection with financial risk management by the insurer, and a unified treatment is available via the so-called discounted penalty function.