Yes, I am looking for research students (including PhD and Honours) to join my research team and work on ambitious academic and industry projects! Admissions to our PhD and Honours programs are highly competitive. Entry requirements include a minimum weighted average mark of 85 for PhD and 80 for Honours. If you meet these requirements, you are welcome to contact me via email. Please include your CV, all academic transcripts, and any additional information (e.g., research evidence) that may help me understand your background better. Inquiries without transcripts are unlikely to receive a response. Students working with me should have a solid mathematics background, good computer skills, enthusiasm for scientific research, and a strong work ethic. Please refer to the "Research Activities" section for more details about the research topics I am currently focused on. RA positions are available.

Current PhD students

• Shan (Shawn) Yang, 2023-, primary supervisor, with co-supervisors Katja Ignatieva and Han Li, School of Risk and Actuarial Studies, UNSW Sydney [under ARC DP220100090]
• Xinran (Ryan) Dai, 2023-, primary supervisor, with co-supervisors Han Li and Henry Lam, School of Risk and Actuarial Studies, UNSW Sydney [under ARC DP220100090]
• Zhen Dong (Morris) Chen, 2022-, primary supervisor, with co-supervisors Yang Shen and Peiman Asadi
• Yuxin (Eugenia) Fang, 2022-, primary supervisor, with co-supervisors Bernard Wong and Andy Pitman [under ARC DP200101859]
• Yuhao (Howard) Liu, 2021-, primary supervisor, with co-supervisors Jinxia Zhu and Haibo Liu

Current and former Honours students

• Sophie Ma, Honours thesis intended title "Learn about Investments in Self-insurance and Self-protection", primary supervisor, with co-supervisor Tobias Huber, School of Risk and Actuarial Studies, UNSW Sydney, 2025
• Yaxiao (Albert) Liu, Honours thesis intended title "Climate Risk Stress Testing", primary supervisor, with co-supervisors Ramona Meyricke (IFM Investors) and Ayse Arik, School of Risk and Actuarial Studies, UNSW Sydney, 2025
• Rakesh Beniwal, Honours thesis titled "Introducing Insurance Protection to Firms in Distressed Times," co-supervisor, with primary supervisor Jinxia Zhu, School of Risk and Actuarial Studies, UNSW Sydney, 2023
• William (Will) Chaffers-Welsh, Honours thesis titled "An Insurance Approach to Systemic Risk," primary supervisor, with co-supervisor Zhiwei (Josh) Tong, School of Risk and Actuarial Studies, UNSW Sydney, 2022
• Felix Zhu, Honours thesis titled "Introducing Data-Rich Environments and Neural Networks to Actuarial Economic Forecasting," completed in December 2021, co-supervisor, with primary supervisor Fei Huang, School of Risk and Actuarial Studies, UNSW Sydney
• Zhen Dong (Morris) Chen, Honours thesis titled "Liquidation Risk in Insurance under an Exogenous Shock," completed in December 2020, primary supervisor, with co-supervisors Libo Li and Haibo Liu, School of Risk and Actuarial Studies, UNSW Sydney [Awarded the University Medal in January 2021]
• Yuhao (Howard) Liu, Honours thesis titled "Pricing CAT Bonds under Shocks," completed in December 2020, primary supervisor, with co-supervisors Jinxia Zhu and Haibo Liu, School of Risk and Actuarial Studies, UNSW Sydney

Former PhD students

I have graduated over a dozen PhD students who are now working in academia or industry around the world. Here is a selected list:

• Yunshen (Alex) Yang, PhD thesis titled "Risk Management in Insurance and Finance in Response to Model Uncertainty," completed in January 2024, primary supervisor, with co-supervisors Bernard Wong, Benjamin Avanzi, and Elise Payzan-LeNestour, School of Risk and Actuarial Studies, UNSW Sydney [Now: Early Career Academic Fellow, School of Banking & Finance, UNSW Sydney, Australia]
• Zhiwei (Josh) Tong, PhD thesis entitled "Portfolio Risk Analysis: Aggregation and Allocation," completed in July 2021, primary supervisor, with co-supervisor Bernard Wong, School of Risk and Actuarial Studies, UNSW Sydney [Now: Assistant Professor (tenure-track) of Actuarial Science, University of Iowa, United States]
• Fabio Gómez, PhD thesis entitled "Quantitative Risk Management under the Interplay of Insurance and Financial Risks," completed in February 2020, primary supervisor, with co-supervisor Jaime Alberto Londoño, Department of Mathematics, National University of Colombia in Bogotá [Now: Assistant Professor (tenure-track), Universidad del Rosario, Colombia]
• Haibo Liu, PhD thesis entitled "Pricing, Bankruptcy, and Liquidation under Insurance and Financial Risks in a Markovian Framework," completed in July 2019, primary supervisor, with co-supervisor Ambrose Lo, Department of Statistics & Actuarial Science, University of Iowa [Now: Assistant Professor (tenure-track) of Actuarial Science, Purdue University, United States]
• Zhaofeng Tang, PhD thesis entitled "Quantitative Risk Management under Systematic and Systemic Risks," completed in July 2019, primary supervisor, with co-supervisor Ambrose Lo, Department of Statistics & Actuarial Science, University of Iowa [Now: Senior Analyst, Standard & Poor's Global Ratings, Chicago, United States]
• Fan Yang, PhD thesis entitled "Asymptotics for Risk Measures of Extreme Risks," completed in July 2013, sole supervisor, Applied Mathematical and Computational Sciences Program, University of Iowa [Now: Assistant Professor (tenure-track) of Actuarial Science, University of Waterloo, Canada]
• Zhongyi Yuan, PhD thesis entitled "Quantitative Analysis of Extreme Risks in Insurance and Finance," completed in May 2013, sole supervisor, Department of Statistics & Actuarial Science, University of Iowa [Now: Associate Professor of Risk Management, Pennsylvania State University, United States]
• Bin Li, PhD thesis entitled "Look-back Stopping Times and Their Applications to Liquidation Risk and Exotic Options," completed in May 2013, primary supervisor, with co-supervisor Lihe Wang, Applied Mathematical and Computational Sciences Program, University of Iowa [Now: Associate Professor of Actuarial Science, University of Waterloo, Canada]
• Xuemiao Hao, PhD thesis entitled "Asymptotic Tail Probabilities of Risk Processes in Insurance and Finance," completed in July 2009, sole supervisor, Department of Statistics & Actuarial Science, University of Iowa [Now: Associate Professor of Actuarial Science, University of Manitoba, Canada]
• Bangwon Ko, PhD thesis entitled "On Sums of Dependent Heavy-tailed Random Variables and Valuation of Equity-linked Insurance Products," completed in May 2008, co-supervisor, with primary supervisor Elias Shiu, Department of Statistics & Actuarial Science, University of Iowa [Now: Professor of Actuarial Science, Soongsil University, South Korea]