by Jenifer Shockley
ATLANTA – The Society of Actuaries has awarded a three-year grant to Georgia State University’s J. Mack Robinson College of Business to research longevity trends.
The research will be conducted by Associate Professor Daniel Bauer and Professor Liang Peng of Robinson’s Department of Risk Management and Insurance.
Bauer and Peng proposed the project in response to an emerging area of actuarial science, longevity risk. Increasing life expectancies worldwide present a potential threat for insurers, pension funds and Social Security programs, and have created the need to quantify financial risks posed by greater longevity.
The scholars seek to advance the science of mortality trend modeling and to make recommendations that will improve the ability for business leaders and government officials to manage the financial security of U.S. retirement systems.
Georgia State is one of three schools to be awarded grants this year. The grants are open to higher education institutions designated as Centers of Actuarial Excellence by the Society of Actuaries. Robinson’s actuarial science program, one of the oldest and largest programs in a U.S. business college, was named one of the inaugural centers in 2010.
The largest business school in the South and part of a major research institution, Georgia State University’s J. Mack Robinson College of Business has 200 faculty, 8,000 students and 75,000 alumni. With programs on five continents and students from 88 countries, the college is world-class and worldwide. Its part-time MBA is ranked among the best by the Bloomberg Businessweek and U.S. News & World Report, and its Executive MBA is on the Financial Times list of the world’s premier programs. Located in Atlanta, the Robinson College and Georgia State have produced more of Georgia’s top executives with graduate degrees than any other school in the Southeast.