• EH14 4AS

    United Kingdom

Accepting PhD Students

PhD projects

Mortality and longevity risk modelling and management.

1989 …2024

Research activity per year

Personal profile


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Andrew Cairns is well known both in the UK and internationally for his research in financial risk management for pension plans and life insurers. These interests in the assessment of financial risk have led to further research in the field of financial mathematics. Within this field he has developed a new model for bond-price dynamics for use in the measurement and management of long-term interest-rate risks in pensions and life insurance.

More recently he has been working on the modelling of longevity risk: how this can be modelled, measured and priced, and how it can be transferred to the financial markets. Amongst his work in this field, he has developed a number of new and innovative stochastic mortality models.

He is an active member of the UK and international actuarial profession in both research and education: he qualified as a Fellow of the Faculty of Actuaries in 1993; from 2007 to 2017 he was editor-in-chief of the leading international actuarial journal ASTIN Bulletin; and in 2005 he was elected as a corresponding member of the Swiss Association of Actuaries. In 2008 he was awarded the Halmstad Prize for the paper Pricing Death: Frameworks for the Valuation and Securitization of Mortality Risk co-authored with David Blake and Kevin Dowd. In 2016 he was awarded the Robert I. Mehr award for the best paper published in 2006 in the Journal of Risk and Insurance.

In 2017 he was elected a Fellow of the Royal Society of Edinburgh - Scotland's national academy of science and letters.

Research interests

I am passionate about risk management in general and specifically the impact that it can have on the successful running of pension plans and life insurers.

My current research focuses on three related themes:

  • the modelling and management of longevity risk and how this can be transferred to the capital markets;
  • mortality inequalities - how significant are these and what are the drivers of inequality;
  • using cause-of-death mortality data to understand better the drivers of mortality inequality and general mortality trends.

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 3 - Good Health and Well-being
  • SDG 10 - Reduced Inequalities
  • SDG 16 - Peace, Justice and Strong Institutions


Dive into the research topics where Andrew John George Cairns is active. These topic labels come from the works of this person. Together they form a unique fingerprint.
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