Deadline: 01-Dec-2025
The International Actuarial Association has announced a new research grant to support original research that advances developments and innovations in financial risks, investments, and enterprise risk management.
Focus areas include: Climate change and its impacts on the financial risks, investments, and ERM sectors; Financial resilience of retirement systems and insurers under economic and demographic stress; Use of artificial intelligence and machine learning in risk management; Systemic risk in insurance and reinsurance; Model risk and uncertainty and their impacts on financial and investment decisions; Behavioural risk in ERM; Pandemics and their impacts on financial risks, investments, and ERM; Parametric insurance and its role in the management of financial risks, investments, and ERM.
This one-time research grant ranges from CAD $20,000 to $30,000 and is open to academics, practitioners, or mixed teams with relevant expertise. The funded research must result in a scientific paper suitable for publication in a leading journal in the field and include a presentation at an AFIR-ERM webinar and colloquium. Proposals should detail the project’s novelty, research plan, impacts, and budget, and must be submitted in English by December 1, 2025. Projects can last up to 24 months, with the final report and paper due within 27 months.
Proposal submissions are due by December 1, 2025, and must be submitted in the English language. Applicants should submit a proposal, including: the title; a short description of the topics to be addressed; the current state of research in the field describing the project in the context of existing knowledge and referencing important publications; the current state of research of the applicants including previous relevant work and its relevance to the project; the novelty of the research identifying the literature gap; a detailed research plan specifying approach, objectives, necessary studies or experiments, risk assessment and alternatives, data sources and collection strategies, and the role of each team member; the impacts and relevance of the project for science and practice; a statement confirming the research has not been published or is under consideration; a schedule for completion with key dates; a detailed budget with milestones and deliverables; a bibliography of all sources; and the résumés of applicants showing relevant qualifications. Proposals must be less than 20 pages and 80,000 characters (with spaces), using a minimum font size of 12 points and one and a half line spacing. The page count includes all sections except the bibliography and résumés.
Projects can last up to 24 months, with the final report and paper due within 27 months. Applicants will be notified of the decision by February 1, 2026, and selected projects should begin within six months of acceptance.
For more information, visit IAA.
