This past year, Professor Runhuan Feng, Director of the Actuarial Science Program in the Department of Mathematics at Illinois, worked with the State Universities Annuitants Association (SUAA) on a legislative proposal for bonding the state’s unfunded pension liabilities. The bond plan would result in a $103 billion reduction in the state’s pension costs by 2045, according to Feng.

Read more here.


During the Spring 2018, the project "Optimal Reinsurance under Distortion Risk Measures" was presented at the Undergraduate Research Symposium (URS) in 2018.

This project was supervised by Assistant Professor Alfred Chong.  More information can be found here.



The Society of Actuaries commissioned a research team from Illinois Actuarial Science Program to conduct an industry-wide survey on current market practices of nested stochastic modeling and to perform a research study on computational methodologies to accelerate run time and improve efficiency. 

Read more here.