Johnny Li

Biography

Dr. Johnny Li is an Associate Professor in the Department of Statistics and Actuarial Science, University of Waterloo, University Avenue West, Waterloo, ON, Canada.

Research Interest

Professor Li's research interests encompass the fields of stochastic mortality modeling, longevity risk securitization and financial risk management. In particular, he focuses on the technical issues entailed in the development of markets for longevity risk transfers, the measurement of uncertainty involved in estimating future mortality, and the demographic and financial risks associated with products such as reverse mortgages. He also works in the area of actuarial applications in law courts.Mortality assumptions are crucial to many areas of actuarial practice. In recent years, people have been living longer than they were expected to, and this has resulted in huge financial losses in annuity and pension portfolios. Thus actuaries are more concerned than ever before with the levels of uncertainty involved in mortality forecasts. Professor Li has developed a range of stochastic methodologies that incorporate factors such as individual differences, trend changes and exogenous interventions. His models have been applied to data sets, and have been proven to give more realistic measures of uncertainty.