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Personal profile

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. Much of my current research focuses on the modelling and management of longevity risk and how this can be transferred to the capital markets.

Biography

I am well known both in the UK and internationally for my 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 I have 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 I have 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 my work in this field, I have developed a number of new and innovative stochastic mortality models.

I am an active member of the UK and international actuarial profession in both research and education: I qualified as a Fellow of the Faculty of Actuaries in 1993; from 2007 to 2017 I was editor-in-chief of the leading international actuarial journal ASTIN Bulletin; and in 2005 I was elected as a corresponding member of the Swiss Association of Actuaries. In 2008 I 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 I was awarded the Robert I. Mehr award for the best paper published in 2006 in the Journal of Risk and Insurance.

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

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Research Output

CBDX: A Workhorse Mortality Model from the Cairns-Blake-Dowd Family

Dowd, K., Cairns, A. J. G. & Blake, D., 21 Jan 2020, (Accepted/In press) In : Annals of Actuarial Science.

Research output: Contribution to journalArticle

  • Basis Risk in Index Based Longevity Hedges: A Guide For Longevity Hedgers

    Cairns, A. J. G. & El Boukfaoui, G., 17 Dec 2019, In : North American Actuarial Journal.

    Research output: Contribution to journalArticle

  • Hedging Annuity Risks with the Age-Period-Cohort Two-Population Gravity Model

    Dowd, K., Cairns, A. J. G. & Blake, D., 20 Nov 2019, In : North American Actuarial Journal. 12 p.

    Research output: Contribution to journalArticle

  • Modelling Socio-Economic Differences in Mortality Using a New Affluence Index

    Cairns, A. J. G., Kallestrup, M., Rosenskjold, C., Blake, D. & Dowd, K., Sep 2019, In : ASTIN Bulletin: The Journal of the IAA. 49, 3, p. 555-590 36 p.

    Research output: Contribution to journalArticle

    Open Access
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  • 11 Downloads (Pure)

    Prizes

    Robert I. Mehr Award

    Andrew John George Cairns (Recipient), 2016

    Prize: Prize (including medals and awards)

  • Activities

    • 30 Participation in conference
    • 10 Participation in workshop, seminar, course
    • 2 Invited talk

    12th Longevity and Capital Markets conference

    Andrew John George Cairns (Speaker)
    30 Sep 2016

    Activity: Participating in or organising an eventParticipation in conference

    Pensions Conference

    Andrew John George Cairns (Speaker)
    26 Jun 2015

    Activity: Participating in or organising an eventParticipation in conference

    SCOR Reserving Conference

    Andrew John George Cairns (Keynote/plenary speaker)
    12 May 2015

    Activity: Participating in or organising an eventParticipation in workshop, seminar, course

    PARTY

    Andrew John George Cairns (Keynote/plenary speaker)
    8 Jan 2015

    Activity: Participating in or organising an eventParticipation in conference

    Swiss Risk and Insurance Forum

    Andrew John George Cairns (Invited speaker)
    17 Nov 2015

    Activity: Participating in or organising an eventParticipation in workshop, seminar, course

    Press / Media

    An Age-Old Debate

    Andrew John George Cairns

    2/03/12

    1 item of Media coverage

    Press/Media: Other