Risk and Insurance Award

Range of Innovation Talent

Risk and Insurance names Jay Vadiveloo a 2012 Risk InnovatorTM. This year’s Risk Innovator winners reflect the range of talents and backgrounds the insurance industry is capable of attracting, and how humanistic it is at its core. This year’s contest saw our editorial team arrive at 15 winning innovations. Ten of the Risk InnovatorTM awards went to individuals, four of them were shared between two people and one award was given to two teams. Continue reading →

Jay discusses with Chuck how he supervises graduate students helping small businesses succeed through both a research center he leads at the University of Connecticut and his connection with Towers Watson Consulting. He has his graduate student Lu Ma, with him, and together they talk about a case study involving graduate students helping a bagel and coffee shop improve their performance through enterprise risk management. Jay is an innovator and his approach for supporting small business is highly creative and fascinating to hear about. Listen to MP3 Interview

Jay Vadiveloo, an actuary and mathematics professor, had to follow a long and winding road to win two patents for a new statistical sampling method. Read More >

Towers Watson Issued U.S. patents for Insurance Industry “Smart Modelling” Technique

Global professional services company Towers Watson (NYSE, NASDAQ: TW) announced today that the United States Patent and Trademark Office (USPTO) has issued two key patents for its innovative Replicated Stratified Sampling (RSS) financial modeling technique for the insurance industry. Both patents (U.S. Patent No. 8,126,747, issued February 28, 2012, and U.S. Patent No. 8,131,571, issued March 6, 2012) cover Towers Watson’s RSS smart modeling technique that is intended to dramatically speed up run times for complex insurance calculations and help industry executives better understand risk.

An initiative by The Goldenson Center for Acturarial Research

An interview with Jay Vadiveloo. Jay is Senior Consultant at Towers Watson’s Hartford office and has over 25 years of experience withthe life insurance industry. He is also the Towers Watson Professor at the University of connecitcut where he manages the newly endowed Janet & Mark L. goldenson Center for Actuarial Research. Read More >

Are We Ignoring the Segment With the Most Critical Need?

In the wake of the 2008-2009 financial crisis, the practice of Enterprise Risk Management (ERM) has begun to permeate the business and academic world. However, most of the current ERM guidelines and principles are designed for large- and medium-sized organizations. Minimal attention, until now, is being paid to the largest, fastest growing and most important segment of the American economy, small businesses. Read More >

Risk managment is a growth area for large corporations, where having a chief risk officer on the executive team is now common enough to have earned its own acronmy – CRO. Read More >

UConn’s Center for Actuarial Studies Gets $1 Million donation

A long-time friendship between two Berkeley students turned into a million-dollar donation for the University of Connecticut Wednesday.
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