Professor at the University of Connecticut and Director of the Janet & Mark L Goldenson Center for Actuarial Research at the University of Connecticut
Dr. Jay Vadiveloo is a Professor at the University of Connecticut and Director of the recently endowed Janet & Mark L Goldenson Center for Actuarial Research at the University of Connecticut. Dr. Vadiveloo has a doctorate in statistics from the University of California, Berkeley, is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a Chartered Financial Analyst. He has over 25 years of experience with the life insurance industry which includes senior level appointments at Connecticut Mutual, Mass Mutual, Aetna Financial Services, ING, Deloitte Consulting and Towers Watson.
As Professor and Director of the UConn Goldenson Center, Dr. Vadiveloo works on applied actuarial research projects using teams of academicians, students and industry professionals. His research work has also enabled him to supervise several PhD students in a variety of topics including integrated retirement financial planning, measuring and analyzing the volatility risk for individual disability income (DI), and analysis of efficient financial modelling techniques. The Enterprise Risk Management for Small Businesses (ERMSB) initiative is one example of the research projects undertaken by the Goldenson Center.
Dr. Vadiveloo has published articles in the actuarial literature and is a frequent speaker at actuarial conferences and seminars. One of his important contributions to the financial services industry is the invention of a patented new algorithm (Replicated Stratified Sampling or RSS) for risk modelling which exponentially reduces processing time at a pre-determined accuracy level for complex actuarial modelling. More recently, Dr. Vadiveloo has obtained a provisional patent on a claims tracking and monitoring process which allows a company to easily detect significant deviations in claims experience and to recognize whether it is only a one-time occurrence or whether it shows a historical trend as well. Dr. Vadiveloo is also editor and co-author of a new text by the Society of Actuaries on Enterprise Risk Management for Small and Medium-Sized Enterprises.
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