News
Wir gratulieren Constantin Siggelkow zur erfolgreichen Promotion!
Constantin Siggelkow verteidigte am 05. Februar 2025 erfolgreich seine Doktorarbeit mit dem Titel "Pricing, Optimization, and Risk Hedging in SME Factoring". Die Promotion wurde von Prof. Dr. Matthias Scherer betreut. Für seinen weiteren beruflichen Weg bei Munich Re wünschen wir Constantin viel Erfolg!
Top 10 Worldwide: Our Master’s in Mathematical Finance and Actuarial Science
In a world with a lot of ups and downs we are happy to share that our Master's programme "Mathematical Finance and Actuarial Science" is on a continuous rise in its ranking and has made it now into the top 10 worldwide of the risk.net Quant Finance Master's Guide 2025.
Gumbel in Konstanz
Our exhibition on Emil J. Gumbel was inaugurated on January 10, 2025, with a lecture by Prof. Dr. Matthias Scherer at VHS-Konstanz. The day before, the accompanying documentary film by David Ruf, "Statistics of Crime", was shown at the sold-out Zebra Cinema in Konstanz. Following the screening, Dr. Albert Kümmel-Schnur (University of Konstanz) moderated a panel discussion with Anke Klaaßen (screenwriter), Prof. Dr. Jan Beran (University of Konstanz), and Matthias Scherer.
88th meeting of the German ASTIN Group in Mannheim
For the last time together with Roland Voggenauer, Matthias Scherer co-moderated the "88th Meeting of the German ASTIN Group" during the DAV Autumn Conference in Mannheim on November 18, 2024. After 15 years, Roland Voggenauer handed over the "baton" to Frank Schönfelder. The conference addressed the following topics: Explainable AI from an actuarial perspective (G. Grützner), Agricultural insurance and climate change (J. Bucheli), Optimization with constraints (J. Eisenberg), Extreme forecasts (A. Schmiedt and U. Kamps), and Cyber damages (J. Becker and L. Ruderer). The event concluded with a panel discussion titled "Mandatory Natural Hazard Insurance?"
Munich Risk and Insurance Days 2024
Our third workshop “Munich Risk and Insurance Days,” which took place on October 10th and 11th, 2024 at the Technical University of Munich, was again a great success. Renewed experts from science and industry, including Daniel Bauer, An Chen, Marcus Christiansen, Nils Detering, Corrado de Vecchi, Martin Eling, Jean-David Fermanian, Peter Hieber, Ralf Korn, Marie Kratz, Jan-Frederik Mai, Alfred Müller, Hanspeter Schmidli, Jan-Philipp Schmidt, Stefan Weber, Ralf Werner, and Henryk Zähle, offered exciting and diverse insights into current developments in risk management as well in financial and actuarial mathematics. Their presentations stimulated in-depth discussions and created an ideal platform for the exchange between theory and practice. A big thank goes to our sponsor “Verein zur Förderung der Versicherungswissenschaft in München e. V. ” (Association for the Promotion of Insurance Science in Munich) as well as the organizers of the event: Bettina Haas, Matthias Scherer, Constantin Siggelkow, Corrado De Vecchi, and Dominik de Witte. Your commitment was crucial to the smooth organization and success of the workshop.
Seminar on recent developments in (re)insurance:
Credit, cyber, NatCat and other risks hosted by Munich Re
On 2nd and 3rd of July, Munich Re hosted a seminar offered by the chair titled "Recent developments in (re)insurance: Credit, cyber, NatCat and other risks". Students presented topics of great interest to the industry, fostering valuable interaction between academia and industry professionals. This collaboration highlights the importance of integrating academic research with practical industry insights.
12th Conference in Actuarial Science and Finance - Award
The Conference in Actuarial Science and Finance occurs every two years as part of a joint collaboration between the University of the Aegean, Katholieke Universiteit Leuven, Kobenhavns Universitet and New York University. It is a forum for state-of-the-art results in insurance, finance, and risk management, and attracts top academicians and practitioners from every corner of the world. The scientific committee of the 12th Edition of the conference, held in Karlovasi (Island of Samos, Greece) awarded Constantin Siggelkow, PhD candidate at Chair of Mathematical Finance of the Technical University of Munich, with the 2nd prize of the Best Presentation Awards for young researchers. His joint work with Prof. Matthias Scherer (TUM) titled “Enhancing SME Factoring: A Stackelberg Game-Based Hybrid Pricing Model” develops a hybrid pricing model to mitigate the combination of static default and dynamic adverse selection risk in trade credit factoring for SMEs.
87th meeting of the German ASTIN Group
Together with Roland Voggenauer, Matthias Scherer moderated the "87th Conference of the German ASTIN Group" at the DAV Annual Conference in Berlin on 25 April 2024. The very varied programme included presentations on the topics of "Cyber Insurance Modelling", "Analytics in Health Insurance with AI", "Agricultural Insurance in the Light of Climate Change", "From Pricing to Climate Actuary", the "Report of the Claims Committee" and an overview of the "DGVFM Database Project".
We congratulate Ben Spies on his successful promotion!
Ben Spies successfully defended his doctoral thesis entitled "Using Affine GARCH Models in Portfolio Optimisation" on 9 April 2024.The thesis was supervised by Professor Rudi Zagst and Professor Marcos Escobar-Anel.Ben will continue his work at the Chair of Financial Mathematics until May. We wish Ben all the best for his future career!
Workshop “Stochastic Modelling in Insurance, Asset Management, and Banking”
From 20 to 22 February 2024, a workshop took place at the TUM Academy Centre Raitenhaslach, which was organised in cooperation between the Financial and Actuarial Mathematics research group and the University of Calgary. The workshop focused on stochastic modelling in the fields of insurance, asset management and banking and provided a platform for international experts to discuss new research results and trends from practice. The agenda of the workshop was very diverse, discussing topics such as the application of artificial intelligence and machine learning in the banking sector, affine option pricing models, the optimisation of insurance portfolios and energy markets. We would like to thank the TUM Academy Center Raitenhaslach for the excellent organisation and hospitality. The combination of idyllic surroundings and the historical significance of the centre provided the ideal setting for an inspiring exchange and will certainly be remembered in particular by our guests from overseas.
Research seminar in the Montafon
In March 2024, doctoral students, post-docs and professors from the Financial and Actuarial Mathematics research group, the Chair of Energy Trading and Financial Services at the University of Duisburg-Essen and the Chair of Business Mathematics at the University of Augsburg gathered for a joint research seminar in Montafon in the Austrian Alps. Under the expert guidance of Prof. Dr Rudi Zagst, Prof. Dr Matthias Scherer, Prof. Dr Christoph Knochenhauer, Prof. Dr Rüdiger Kiesel and Prof. Dr Ralf Werner, the latest topics and challenges from the research areas were presented and discussed. In a pleasant and relaxed atmosphere, the seminar provided an excellent platform for the exchange of ideas, the discussion of complex problems and the joint development of solutions. Once again this year, special thanks go to the sisters of the Maria-Hilf convalescent home, whose excellent catering and warm hospitality contributed significantly to the success of the event.